Property profile

616 1st St Richmond, IN 47374

OFF-MARKET
Other commercial real estate
Property ID
US31-1350822
9,270 SF 0.32 ac lot Built 1966
Entity Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

The property is a remodeled commercial building located in Richmond, Indiana, situated on a 0.32-acre lot and providing 9,270 square feet of interior space. The layout includes three warehouse spaces designed to support storage and operational workflow, along with six dedicated office spaces for administrative use, including areas suitable for private meetings. Loading and receiving are supported by a professionally designed loading dock and a total of four overhead doors. The building is equipped with modern interior finishes and fixtures, has been fitted with new interior and exterior paint (including Sherwin-Williams Duration exterior paint), and includes roof work with screened gutters to reduce maintenance. The office areas feature new carpeting with a 10-year warranty, new cordless blinds, and remodeled bathrooms. The warehouse is fully insulated and partially heated. Additional improvements include a security system with camera floodlights and a stainless steel utility sink. Landscaping is present, and the site offers on-site parking for staff, customers, and visitors. The property is zoned 200.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1966
Construction WOOD
Total area 9,270 SF
Lot 0.32 ac (13,809 SF)
APN 89-16-32-320-201.000-030
UPID US31-1350822

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Building Supply General Contractor

Location

616 1st St Richmond, IN 47374-2960
Richmond metro Census 500 RICHMOND, IN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k

Owner & transaction history

since 2025
2 recorded transactions
2025
$210,000
2025
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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