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    Property profile & analytics

    2816 Mitchell Rd Bedford, IN 47421-5318

    • Hotels
    • 9,857 SF
    • 1.22 lot acres
    OFF-MARKET
    Value Estimation
    $410,000
    Last Sale
    Feb 02, 2023
    Location Intelligence
    Property ID
    US31-2222144
    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 2816 Mitchell Rd

    Year built
    1961
    Construction
    WOOD
    Lot size
    1.22 lot acres
    Property size
    9,857 SF
    Zone code
    4
    Property type
    Hotels
    Property subtype
    Motels
    APN
    47-06-23-305-016.000-010
    APU
    470623305016000010

    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
    Lawrence
    State
    Indiana
    Longitude
    -86.494
    Latitude
    38.8469
    CBSA code
    13260
    CBSA name
    BEDFORD, IN MICROPOLITAN STATISTICAL AREA

    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
    2023
    $8,225
    $85,000
    $229,600
    $314,600
    -
    $85,000
    $229,600
    $314,600

    Comparable in this City

    • Value Estimation
      $325,000
      3,300 SF

      1709 M St

      HOTEL/MOTEL • 3,300 SF
      1709 M St, Bedford, IN 47421-4226
      View Details
    • Value Estimation by Request
      65,671 SF

      911 Constitution Ave

      HOTEL/MOTEL • 65,671 SF
      911 Constitution Ave, Bedford, IN 47421-9533
      View Details
    • Value Estimation
      $425,000
      2,088 SF

      208 Hidden Fls Cp Rd

      HOTEL/MOTEL • 2,088 SF
      208 Hidden Fls Cp Rd, Bedford, IN 47421-8969
      View Details
    • Value Estimation by Request
      53,500 SF

      1322 Becky Skillman Way

      HOTEL/MOTEL • 53,500 SF
      1322 Becky Skillman Way, Bedford, IN 47421-3529
      View Details
    • Value Estimation by Request
      35,698 SF

      439 Patton Hl Rd

      HOTEL/MOTEL • 35,698 SF
      439 Patton Hl Rd, Bedford, IN 47421-8635
      View Details
    • Value Estimation
      $370,000
      3,987 SF

      4027 Mitchell Rd

      HOTEL/MOTEL • 3,987 SF
      4027 Mitchell Rd, Bedford, IN 47421-9562
      View Details

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    2816 Mitchell Rd
    Bedford, IN 47421-5318
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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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