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    Property profile & analytics

    8997 State Rd 37 Bedford, IN 47421-8301

    • Retail space
    • 10,908 SF
    • 5.41 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Feb 25, 2022
    Location Intelligence
    Property ID
    US31-1405306
    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

    • Retail space

    Property Details for 8997 State Rd 37

    Year built
    2021
    Construction
    TYPE NOT SPECIFIED
    Lot size
    5.41 lot acres
    Property size
    10,908 SF
    Property type
    Retail space
    APN
    47-11-03-300-004.000-004
    APU
    471103300004000004

    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
    -86.5137
    Latitude
    38.8071
    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
    $19,590
    $137,100
    $927,200
    $1,064,300
    -
    $137,100
    $927,200
    $1,064,300

    Comparable in this City

    • Value Estimation by Request
      1,986 SF

      613 Lincoln Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,986 SF
      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) • 1,872 SF
      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) • 4,784 SF
      1629 K St, Bedford, IN 47421-3725
      View Details
    • Value Estimation by Request
      7,056 SF

      1221 James Ave

      RETAIL STORES (PERSONAL SERVICES) • 7,056 SF
      1221 James Ave, Bedford, IN 47421-6102
      View Details
    • Value Estimation
      $375,000
      11,603 SF

      3518 Leatherwood Rd

      RETAIL STORES (PERSONAL SERVICES) • 11,603 SF
      3518 Leatherwood Rd, Bedford, IN 47421-8775
      View Details
    • Value Estimation
      $155,000
      1,200 SF

      905 O St

      RETAIL STORES (PERSONAL SERVICES) • 1,200 SF
      905 O St, Bedford, IN 47421-2541
      View Details

    Similar Nearby for Sale

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    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
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    • $1,500 /Mo
      4,800 SF

      Highly Visible Retail or Office

      Retail or office space with high visibility and signage opportunities.
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      Retail Space in Town Fair

      Retail space available in Town Fair Center on James Ave.
      1018-1224 James Ave, Bedford, IN 47421
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      Bedford Restaurant/Bar Retail Space

      Restaurant/bar/retail property in Bedford, Indiana available for lease.
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    • $12 SF/Yr
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      JayC Plaza Retail Space Available

      Bedford, IN: Prime Retail Opportunity
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    • $10 SF/Yr
      25,000 SF

      Functional Industrial Space in Bedford

      25,000 sq ft industrial space for manufacturing or distribution.
      1771 1775 E Us Hwy 50 Hwy, Bedford, IN 47421
      View Details
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    8997 State Rd 37
    Bedford, IN 47421-8301
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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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