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    408 Commerce Rd Richmond, IN 47374

    • Specialty properties
    • 1.34 lot acres
    For Sale
    View listing
    $600,000
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 408 Commerce Rd

    Lot size
    1.34 lot acres
    Property type
    Specialty properties
    Property subtype
    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
    -84.8244
    Latitude
    39.8344

    Comparable in this City

    • Value Estimation by Request
      0.20 Acres

      1902 National Rd

      Land • 0.20 Acres
      1902 National Rd, Richmond, IN 47374
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      10.19 Acres

      3564 Chester Blvd

      Land • 1,348 SF
      3564 Chester Blvd, Richmond, IN 47374
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      1.00 Acre

      1603 National Rd

      Land • 1.00 Acre
      1603 National Rd, Richmond, IN 47374
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    • Value Estimation by Request
      2.57 Acres

      1070 Highland School Rd

      Land • 2.57 Acres
      1070 Highland School Rd, Richmond, IN 47374
      View Details
    • Value Estimation by Request
      0.15 Acres

      224 5Th St

      Land • 1,750 SF
      224 5Th St, Richmond, IN 47374
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    • Value Estimation by Request

      911-923 E St

      Land
      911-923 E St, Richmond, IN 47374
      View Details

    Similar Nearby for Sale

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      Richmond Commercial Land Opportunity

      1.25-Acre Lot, $199,900
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      Richmond Commercial Land Opportunity

      0.85-acre lot, 5,820 SF building
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      Prime Richmond Commercial Land

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      Prime Richmond Golf Course Business

      Profitable Putt-Putt, I-70 access
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    Similar Nearby for Lease

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      Richmond Walmart Plaza Retail Space

      High-traffic retail space near Walmart.
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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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    408 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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