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    1528 NW 5Th St Richmond, IN 47374

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    For Sale
    $485,000

    Office space available in Richmond's northwest industrial area.

    Property size:
    8,000 SF
    Lot size:
    2.29 Acres

    Property Features for 1528 NW 5Th St

    General Information

    Size
    8,000 SF
    Lot size
    2.29 Acres

    Source: Baumgartner Commercial Agent Rhett Baumgartner

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Richmond Office Space For Sale

    Available for sale is approximately 8,000 square feet of office space on the main level and approximately 8,000 square feet of office space on the upper level, with an additional approximately 4,000 square feet of storage space. The property includes private offices and a conference room on each level. The owner is willing to subdivide the space. The property is located directly behind US Bank in Richmond's northwest industrial area, in Wayne County, east central Indiana, on the Ohio border. It is situated 60 miles east of Indianapolis, 92 miles south of Fort Wayne, 58 miles northwest of Cincinnati and 41 miles west of Dayton, Ohio. Approximately 30 percent of the U.S. population lives within a radius of only 500 miles of Wayne County. The intended use of the property is for office space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Groups Recover Together Counselor Better Life Wellness ... Rehabilitation Center People Working Cooperatively Non-Profit Organization

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Wayne
    State
    Indiana
    Longitude
    -84.8971
    Latitude
    39.809383

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    FAQs

    What type of property is this?
    Office space - Office space available in Richmond's northwest industrial area.
    Where is this office space located?
    The property is located at 1528 NW 5Th St Richmond, IN.
    What is the asking price?
    The asking price for this property is $485,000.
    What are key features of this property?
    This property features: - Negotiable rent makes this space an attractive opportunity.; - Sub-dividable space allows for flexible configurations.; - Large space available, approximately 8,000 SF on each of two levels, plus approximately 4,000 SF storage.
    (765) 969-4343
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    1528 NW 5Th St Richmond, IN 47374
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    Richmond, IN 47374
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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
    1528 NW 5Th St Richmond, IN 47374
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