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    515-535 W National Rd Richmond, IN 47374

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    For Lease
    $30 SF/Yr ($4,145 /Mo)

    New retail or restaurant spaces for lease near Earlham College.

    Property size:
    1,658 SF
    Lot size:
    0.76 Acres

    Property Features for 515-535 W National Rd

    General Information

    Size
    1,658 SF
    Lot size
    0.76 Acres

    Source: DeMao Retail Agent Del DeMao

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

    Overview

    Retail or Restaurant Space Available

    Quaker Commons is a new development situated on US Highway 40 at the eastern entrance to Earlham College. The freestanding building offers 6,600 square feet of space, divisible into four tenant spaces suitable for retail or restaurant use. The property is located adjacent to Needler's Fresh Market at the intersection of US Highway 40 (W National Road) and NW 5th Street (Tom Raper Blvd), which provides direct access to Interstate 70. Spaces are available from 1,658 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Wayne
    State
    Indiana
    Longitude
    -84.909204
    Latitude
    39.826431

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    FAQs

    What type of property is this?
    Retail space - New retail or restaurant spaces for lease near Earlham College.
    Where is this retail space located?
    The property is located at 515-535 W National Rd Richmond, IN.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: - New development on US Highway 40.; - Freestanding building with 6,600 SF.; - Four tenant spaces available for retail or restaurant use.
    (317) 697-1048
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    515-535 W National Rd 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
    515-535 W National Rd Richmond, IN 47374
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