Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    806 16th St Bedford, IN 47421-3823
    Back to Search
    Property profile & analytics

    806 16th St, Bedford, IN 47421-3823

    View on Map
    • Retail space
    • 2,323 SF
    • 0.09 lot acres
    Off-Market
    Last Sale May 28, 2024
    Property ID
    US31-1618097
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 806 16th St

    Year built
    1890
    Construction
    WOOD
    Lot size
    0.09 lot acres
    Property type
    Retail space
    APN
    47-06-23-113-037.000-010
    APU
    470623113037000010

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 17, 2025 — Flores Holdings 2 LLC Owen County State Bank Warranty Deed —
    May 28, 2024 — Owen County State Bank Oasis Real Estate LLC Quit Claim Deed · related —
    Dec 29, 2020 — Oasis Real Estate LLC Donald W Sanders Warranty Deed $62k · Owen County State Bank
    Nov 6, 2014 — Donald W Sanders Kenneth Edward Kenneth Edward Intrafamily Transfer · related $25k · Bedford Federal Savings Bank

    Description

    This exceptional commercial property, situated at 806 16th Street in Bedford, Indiana, presents a fantastic opportunity for a variety of businesses. Located conveniently near Bedford's downtown square, this property benefits from high visibility and significant foot traffic due to its prime position on busy 16th Street/Highway 50 East. The building offers approximately 0.05 acres of land and features two large display windows, ideal for showcasing products or services to passersby. The asking price is $83,500. The square footage is not currently specified, but the property's strategic location and prominent storefront make it an attractive investment for entrepreneurs seeking a strong presence in the heart of Bedford's commercial district. This property is ready for immediate occupancy and offers a unique chance to establish or expand a business in a thriving community. The convenient location provides easy access to local amenities and a strong customer base. Serious inquiries are encouraged to explore this promising commercial real estate opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bedford
    County
    Lawrence
    State
    Indiana
    Longitude
    -86.4816
    Latitude
    38.8607
    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
    $1,467
    $11,600
    $37,300
    $48,900
    -
    $11,600
    $37,300
    $48,900

    Comparable in this City

    • Value Estimation by Request
      1,986 SF

      613 Lincoln Ave

      RETAIL STORES (PERSONAL SERVICES)
      613 Lincoln Ave, Bedford, IN 47421-2115
      View Details
    • Value Estimation by Request
      1,872 SF

      3047 Old State Rd 37th N

      RETAIL STORES (PERSONAL SERVICES)
      3047 Old State Rd 37th N, Bedford, IN 47421-6851
      View Details
    • Value Estimation by Request
      4,784 SF

      1629 K St

      RETAIL STORES (PERSONAL SERVICES)
      1629 K St, Bedford, IN 47421-3725
      View Details
    • Value Estimation
      $600,000
      7,056 SF

      1221 James Ave

      RETAIL STORES (PERSONAL SERVICES)
      1221 James Ave, Bedford, IN 47421-6102
      View Details
    • Value Estimation by Request
      11,603 SF

      3518 Leatherwood Rd

      RETAIL STORES (PERSONAL SERVICES)
      3518 Leatherwood Rd, Bedford, IN 47421-8775
      View Details
    • Value Estimation by Request
      1,200 SF

      905 O St

      RETAIL STORES (PERSONAL SERVICES)
      905 O St, Bedford, IN 47421-2541
      View Details

    Similar Nearby for Sale

    • $175,000
      0.25 Acres

      Versatile Commercial Space in Bedford

      Adaptable commercial space suitable for various business operations.
      2134 Washington Ave, Bedford, IN 47421
      View Details
    • $189,000
      0.04 Acres

      Downtown Bedford Retail Building For Sale

      3,400 SF retail building in downtown Bedford, Indiana.
      1020 16Th St, Bedford, IN 47421
      View Details
    • Contact for pricing

      Retail Space in Bedford

      24,174 SF retail space on 1.44 acres.
      624 16Th St, Bedford, IN 47421
      View Details
    • Contact for pricing
      8,000 SF

      Historic Building with Income Potential

      Solid historic building with exceptional income potential in a growing area.
      512 P St, Bedford, IN 47421
      View Details
    • New
      $190,000
      8,000 SF

      Historic Building with Income Potential

      Solid historic building with exceptional income potential in growing area.
      512 P St, Bedford, IN 47421
      View Details
    • $459,900
      4,600 SF

      Versatile Mixed-Use Building in Bedford

      Updated commercial building with endless possibilities in Bedford, Indiana.
      3116 W 5Th St, Bedford, IN 47421
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,122 SF

      Retail Space with High Visibility

      Retail space in high-traffic area, excellent visibility.
      3291 16Th St, Bedford, IN 47421
      View Details
    • Contact for pricing

      Visible Retail or Office Space

      Retail or office space with high visibility and great access.
      1001 15Th St, Bedford, IN 47421
      View Details
    • Contact for pricing
      3,635 SF

      Retail Space in Town Fair

      Retail space available in Town Fair Center on James Ave.
      1018-1224 James Ave, Bedford, IN 47421
      View Details
    • Contact for pricing
      4,800 SF

      Retail Space in Bedford Center

      Retail space available in busy, shadow-anchored shopping center.
      3078-3132 John A Williams Blvd, Bedford, IN 47421
      View Details
    • Contact for pricing

      Retail Space at JayC Plaza

      Retail space available within established shopping center.
      2631 16Th St, Bedford, IN 47421
      View Details
    • $8 SF/Yr
      25,000 SF

      Functional Industrial Space Available

      25,000 sq ft industrial space for manufacturing or distribution.
      1771 1775 E Us 50 Hwy, Bedford, IN 47421
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    806 16th St
    Bedford, IN 47421-3823
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    806 16th St, Bedford, IN, 47421
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!