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OFF-MARKET
Specialty properties

1603 National Rd Richmond, IN 47374

1 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 1-acre commercial lot, located at 1603 West National Road in Richmond, Indiana, presents a unique investment opportunity. Situated in Wayne County, this property is zoned for special purpose use and offers significant potential for a variety of commercial ventures. The expansive lot size provides ample space for development, allowing for flexibility in design and construction. With its convenient location on West National Road, this property benefits from high visibility and easy access to major transportation routes, ensuring excellent exposure for any business. The address is precisely 1603 West National Road, Richmond, IN 47374, with GPS coordinates of 39.824973 latitude and -84.9251846 longitude. The asking price for this remarkable property is $10. This represents an exceptional value for a commercial lot of this size and location, making it an ideal investment for developers, entrepreneurs, or businesses seeking to establish a strong presence in the thriving Richmond market. The property is currently vacant and ready for immediate development, offering a blank canvas for your vision. Don't miss this chance to acquire a prime piece of commercial real estate in a desirable location. Serious inquiries only.

Property profile
Verified
Property type Specialty properties
Lot 1 ac (43,560 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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