406 Commerce Rd Richmond, IN 47374
Warehouse near I-70 and US 40 in Richmond, Indiana.
Property Features for 406 Commerce Rd
General Information
- Standard status
- Active
- Size
- 5,820 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1981
Listing office Coldwell Banker Lingle (727) 771-8773
Listing date Mar 15, 2024
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Lingle
Investment Insights
Based on property information with market context.
Key Highlights
- Prime location on Richmond's East Side near I‑70 and US 40.
- Generously sized door for warehouse access.
- Abundant opportunities for imaginative utilization.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.6k | $10.92 |
| − Vacancy | −$6.9k | −$1.19 |
| EGI | $56.6k | $9.73 |
| − OpEx | −$17.0k | −$2.92 |
| NOI | $39.6k | $6.81 |
Alternative Uses
Property Analytics
Current Use by Public Records
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