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    Property profile & analytics

    3900 3rd St Bloomington, IN 47401-5543

    • Turn key restaurants
    • 3,648 SF
    • 0.55 lot acres
    OFF-MARKET
    Value Estimation
    $330,000
    Last Sale
    May 20, 2025
    Location Intelligence
    Property ID
    US31-1269098
    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

    • Turn key restaurants

    Property Details for 3900 3rd St

    Year built
    1950
    Construction
    WOOD
    Lot size
    0.55 lot acres
    Property size
    3,648 SF
    Property type
    Turn key restaurants
    APN
    53-08-01-200-002.001-009
    APU
    530801200002001009

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    Monroe
    State
    Indiana
    Longitude
    -86.4794
    Latitude
    39.1639
    CBSA code
    14020
    CBSA name
    BLOOMINGTON, IN METROPOLITAN 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
    $4,459
    $96,300
    $114,400
    $210,700
    -
    $96,300
    $114,400
    $210,700

    Comparable in this City

    • Value Estimation by Request
      8,246 SF

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    • Value Estimation by Request
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      2713 3rd St

      RESTAURANT • 2,662 SF
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      2819 3rd St

      RESTAURANT • 4,066 SF
      2819 3rd St, Bloomington, IN 47401-5434
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      $315,000
      2,543 SF

      4600 State Rd 446

      RESTAURANT • 2,543 SF
      4600 State Rd 446, Bloomington, IN 47401-9248
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    • Value Estimation
      $360,000
      785 SF

      550 Walnut St

      RESTAURANT • 785 SF
      550 Walnut St, Bloomington, IN 47401-4618
      View Details
    • Value Estimation
      $375,000
      2,577 SF

      2400 Walnut St

      RESTAURANT • 2,577 SF
      2400 Walnut St, Bloomington, IN 47401-7730
      View Details

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      Retail Space on State Road

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    Bloomington, IN 47401-5543
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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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