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    1902 Nat'l Rd Richmond, IN 47374

    Sponsored
    For Sale
    $525,000

    Prime Westside location; 0.205 acres.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 0.205-acre commercial land parcel is situated on a highly trafficked section of US 40 in Richmond, Indiana's burgeoning Westside. Its prime location offers unparalleled visibility and accessibility for businesses seeking a strong presence in a growing area. The property is conveniently located at 1902 W National Rd, Richmond, IN 47374, within Wayne County. This parcel is available for purchase individually, presenting a unique opportunity for developers or businesses looking to establish a foothold in this dynamic market. Alternatively, it can be acquired as part of a larger package that includes adjacent properties at 1900 National Road West and 328 SW 19th Street. The asking price for this strategically positioned lot is $525,000. This represents a significant investment opportunity in a thriving commercial corridor with high traffic volume, ensuring excellent exposure for any future development or business venture. Detailed information regarding the potential for combined purchase with neighboring properties is available upon request.

    Property Features for 1902 Nat'l Rd

    General Information

    Property type
    Land
    Lot Size
    8,930 SF

    HighLights

    • $525,000 asking price.
    • 0.205‑acre commercial land parcel.
    • Located at 1902 W National Rd, Richmond, IN 47374.
    • High‑traffic location on US 40.
    • Available separately or as part of a larger package.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Richmond
    County
    Wayne
    State
    Indiana
    Longitude
    -84.928736639227
    Latitude
    39.82455270102

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    FAQs

    What type of property is this?
    Land - Prime Westside location; 0.205 acres.
    Where is this land located?
    The property is located at 1902 Nat'l Rd Richmond, IN.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: $525,000 asking price.; 0.205-acre commercial land parcel.; Located at 1902 W National Rd, Richmond, IN 47374.
    Request Owner's contact information
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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
    1902 Nat'l Rd Richmond, IN 47374
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