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Property profile & analytics
OFF-MARKET
Estimated value
$375,000
Commercial real estate
2412 16th St Bedford, IN 47421-3010
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US31-2052686
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2020
Construction
WOOD
Total area
6,120 SF
Lot
0.58 ac (25,352 SF)
APN
47-06-22-100-022.000-010
UPID
US31-2052686
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$375k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$717k
Blend (final)
Blend
$375k
Owner & transaction history
J&b Schuckman Props LLC · 7 yrs held
J&b Schuckman Props LLC
since 2019
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$570,000
+26.9%
Auto repair, garage
$565,000
+26.2%
Medical building
$530,000
+18.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Bedford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bedford submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$375,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$450,000
Current use
RESTAURANT
$570,000
Change: +27% · Conversion: Difficult
AUTO REPAIR, GARAGE
$565,000
Change: +26% · Conversion: Difficult
MEDICAL BUILDING
$530,000
Change: +18% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$505,000
Change: +13% · Conversion: Moderate
RETAIL STORES
$485,000
Change: +8% · Conversion: Easy
INDUSTRIAL (GENERAL)
$465,000
Change: +4% · Conversion: Moderate
WAREHOUSE, STORAGE
$455,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$375k
Range $338k – $413k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$61 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$18,399
Tax year 2023
Assessed value
$613,300
Assessed 2023
Previous assessed
$613,300
+0.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$105,800
Assessed improvement
$507,500
Land market value
$105,800
Improvement market value
$507,500
Total market value
$613,300
Applied tax rate
10.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2020
Construction
WOOD
Heating
NONE
Stories
2
Total area
6,120 SF
Lot
0.58 ac (25,352 SF)
APN
47-06-22-100-022.000-010
UPID
US31-2052686
Jurisdiction
LAWRENCE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$450,000
RESTAURANT
Est. value
$570,000
AUTO REPAIR, GARAGE
Est. value
$565,000
MEDICAL BUILDING
Est. value
$530,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$505,000
RETAIL STORES
Est. value
$485,000
INDUSTRIAL (GENERAL)
Est. value
$465,000
WAREHOUSE, STORAGE
Est. value
$455,000
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2020
Construction
WOOD
Heating
NONE
Stories
2
Lot
0.58 ac
Current owner
From public records · entity-resolved
J&b Schuckman Props LLC
Entity
Mailing address
2412 16TH ST, BEDFORD, IN 47421-3010
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2019
—
J&b Schuckman Props LLC
—
Deed
related
$800,000 · Bedford Federal Savings Bank
Sep 12, 2018
—
Jb Schuckman Prop LLC
—
Deed
related
$800,000 · Bedford Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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