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    00 Commerce Rd Richmond, IN 47374

    • Land
    • 4.31 lot acres
    For Sale
    View listing
    $225,000
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 00 Commerce Rd

    Lot size
    4.31 lot acres
    Property type
    Land

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Wayne
    State
    Indiana
    Longitude
    -84.8252
    Latitude
    39.8386

    Comparable in this City

    • Value Estimation by Request
      1.81 Acres

      Garwood Rd

      Land • 1.81 Acres
      0 Garwood Rd, Richmond, IN 47374
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    • Value Estimation by Request
      3.64 Acres

      Commerce Rd

      Land • 3.64 Acres
      0 Commerce Rd, Richmond, IN 47374
      View Details
    • Value Estimation by Request
      1.34 Acres

      408 Commerce Rd

      Land • 1.34 Acres
      408 Commerce Rd, Richmond, IN 47374
      View Details
    • Value Estimation by Request
      20.00 Acres

      787 Highland Rd

      Mixed-use properties • 20.00 Acres
      787 Highland Rd, Richmond, IN 47374
      View Details
    • Value Estimation by Request
      0.20 Acres

      1902 National Rd

      Land • 0.20 Acres
      1902 National Rd, Richmond, IN 47374
      View Details
    • Value Estimation by Request

      1902 Nat'l Rd

      Land
      1902 Nat'l Rd, Richmond, IN 47374
      View Details

    Similar Nearby for Sale

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      High-Traffic Commercial Land, Richmond, IN

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    • Contact for pricing
      3.64 Acres

      I-70 Richmond IN Hotel Site

      3.64-Acre Commercial Land, I-70 Access
      0 Commerce Rd, Richmond, IN 47374
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    • $225,000
      4.31 Acres

      Prime I-70 Richmond Commercial Land

      Build-ready 4.31-acre lot, excellent location.
      00 Commerce Rd, Richmond, IN 47374
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
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      Versatile two-story building ideal for offices or co-working.
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    • $6 SF/Yr
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      Richmond Industrial Space - 5820 SF

      Versatile warehouse/office near I-70 & US 40.
      406 Commerce Rd, Richmond, IN 47374
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    • $35 SF/Yr
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      Retail Space on National Road

      Retail space for lease near downtown Richmond and Earlham College.
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    • $30 SF/Yr
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      Retail or Restaurant Space Available

      New retail or restaurant spaces for lease near Earlham College.
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      Richmond Walmart Plaza Retail Space

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    00 Commerce Rd
    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
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