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    Property profile & analytics

    2242 Lk Rd Bedford, IA 50833-8247

    • Hotels
    • 9,360 SF
    • 35.58 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US25-2419268
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hotels

    Property Details for 2242 Lk Rd

    Year built
    2019
    Lot size
    35.58 lot acres
    Property size
    9,360 SF
    Property type
    Hotels
    Property subtype
    Motels
    APN
    1905300201000
    APU
    1905300201000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bedford
    County
    Taylor
    State
    Iowa
    Longitude
    -94.6778
    Latitude
    40.7183

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $14,282
    $31,210
    $653,260
    $684,470
    -
    $31,210
    $653,260
    $684,470

    Comparable in this City

    • Value Estimation by Request
      7,920 SF

      306 Main St

      HOTEL/MOTEL • 7,920 SF
      306 Main St, Bedford, IA 50833-1320
      View Details
    • Value Estimation by Request
      1,800 SF

      Old Hwy 2nd E

      HOTEL/MOTEL • 1,800 SF
      Old Hwy 2nd E, Bedford, IA 50833
      View Details
    • Value Estimation
      $110,000
      2,457 SF

      108 Pearl St

      HOTEL/MOTEL • 2,457 SF
      108 Pearl St, Bedford, IA 50833-1345
      View Details
    • Value Estimation by Request

      625 Ct Ave

      COMMERCIAL (GENERAL)
      625 Ct Ave, Bedford, IA 50833-1302
      View Details
    • Value Estimation by Request
      2.45 Acres

      Lucas St

      VACANT COMMERCIAL LAND • 2.45 Acres
      Lucas St, Bedford, IA 50833
      View Details
    • Value Estimation by Request
      0.12 Acres

      211 Main St

      VACANT COMMERCIAL LAND • 0.12 Acres
      211 Main St, Bedford, IA 50833-1317
      View Details

    Similar Nearby for Sale

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    • $40,000

      Versatile Lot Near Ball Field

      0.62-acre lot ideal for home, business, or mixed-use development.
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    • Contact for pricing

      Land Parcels in Bedford, Iowa

      Two land parcels totaling 1 acre in Bedford, Iowa.
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    • Contact for pricing
      0.38 Acres

      Residential Land in Bedford, Iowa

      Spacious lot on the edge of town with available utilities.
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    2242 Lk Rd
    Bedford, IA 50833-8247
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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