Back to Search
Property profile & analytics
FOR SALE
Industrial properties
3307 Mitchell Rd Bedford, IN 47421
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US31-2399359
For Sale
1 / 47
$879,900
3307 Mitchell Rd, Bedford, IN 47421
View Listing →
Property summary
AI-generated overview
This exceptional 5,000 square foot commercial building, situated on a spacious 1.69-acre lot in Bedford, Indiana, presents a remarkable investment opportunity. Currently configured as a medical facility, this adaptable space offers immense potential for a variety of uses, thanks to its I2 zoning. The building boasts nine private offices, three open rooms, a substantial check-in/waiting area, two consultation rooms, and a dedicated conference room. Three half-baths cater to the needs of staff and clients. Ample storage space is available throughout, complemented by a convenient kitchenette. Security is enhanced by an air lock entry system. The property features extensive parking, accommodating numerous vehicles. The building underwent significant remodeling just three years ago, ensuring modern functionality and aesthetics. Its prime location and versatile design make this property an ideal choice for a wide range of commercial ventures. The substantial lot size offers room for expansion or future development. This is a rare opportunity to acquire a well-maintained, adaptable commercial space in a thriving Bedford location. The property is priced at $960,000.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1996
Construction
TYPE NOT SPECIFIED
Total area
5,000 SF
Lot
1.69 ac (73,444 SF)
APN
47-06-26-201-051.000-010
UPID
US31-2399359
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
$335k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$753k
Blend (final)
Blend
$545k
Owner & transaction history
Factora Property Mgmt · 5 yrs held
Factora Property Mgmt
since 2021
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$465,000
+21.9%
Auto repair, garage
$460,000
+21.3%
Medical building
$435,000
+13.8%
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
$335,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$380,000
Current use
RESTAURANT
$465,000
Change: +22% · Conversion: Difficult
AUTO REPAIR, GARAGE
$460,000
Change: +21% · Conversion: Easy
MEDICAL BUILDING
$435,000
Change: +14% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$415,000
Change: +9% · Conversion: Difficult
RETAIL STORES
$395,000
Change: +4% · Conversion: Moderate
WAREHOUSE, STORAGE
$370,000
Change: -2% · Conversion: Easy
COMMERCIAL (GENERAL)
$365,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$545k
Range $491k – $600k · ±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
$109 / 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
$13,131
Tax year 2023
Assessed value
$437,700
Assessed 2023
Previous assessed
$437,700
+0.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$87,100
Assessed improvement
$350,600
Land market value
$87,100
Improvement market value
$350,600
Total market value
$437,700
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Sale
Year built
1996
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
5,000 SF
Lot
1.69 ac (73,444 SF)
APN
47-06-26-201-051.000-010
UPID
US31-2399359
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
INDUSTRIAL (GENERAL) Current
Est. value
$380,000
RESTAURANT
Est. value
$465,000
AUTO REPAIR, GARAGE
Est. value
$460,000
MEDICAL BUILDING
Est. value
$435,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$415,000
RETAIL STORES
Est. value
$395,000
WAREHOUSE, STORAGE
Est. value
$370,000
COMMERCIAL (GENERAL)
Est. value
$365,000
INDUSTRIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
1996
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
1.69 ac
Current owner
From public records · entity-resolved
Factora Property Mgmt
Entity
Mailing address
610 S SOLITUDE CT, BLOOMINGTON, IN 47403-8726
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 10, 2021
—
Factora Property Mgmt
3307 Mitchell Road LLC
Warranty Deed
$135,000 · Premier Capital Corp
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
