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    410 Commerce Rd Richmond, IN 47374

    • Commercial real estate
    • 336 SF
    • 1.24 lot acres
    For Sale
    View listing
    $199,900
    Value Estimation
    Last Sale
    Oct 30, 2020
    Location Intelligence
    Property ID
    US31-2333861
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 410 Commerce Rd

    Year built
    1979
    Construction
    WOOD
    Lot size
    1.24 lot acres
    Property size
    336 SF
    Zone code
    ZO01
    Property type
    Commercial real estate
    APN
    89-16-36-320-203.002-030
    APU
    891636320203002030

    Description

    This exceptional 1-story, 336 sq ft commercial property, built in 1979 and renovated in 2012, is situated on a 1.245-acre lot at 410 Commerce Rd, Richmond, IN 47374. Located seconds from I-70 and US 40, this established business offers significant cash flow potential. The property includes one building and is categorized as a golf course and sports/entertainment venue. Priced at $199,500 ($593.75/sq ft), it presents a unique opportunity for investors or operators seeking a turnkey business in a high-traffic area. Its prime location on Richmond's East Side provides excellent visibility and accessibility. The property's existing infrastructure allows for immediate operation, while its adaptable design also presents the possibility of build-to-suit options for future development. This is a rare chance to acquire a well-maintained, profitable business with strong growth potential in a desirable location.

    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
    39.8342
    CBSA code
    39980
    CBSA name
    RICHMOND, IN MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $9,797
    $99,600
    $11,100
    $110,700
    -
    $99,600
    $11,100
    $110,700

    Comparable in this City

    • Value Estimation by Request
      1.81 Acres

      Garwood Rd

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      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
      4.31 Acres

      00 Commerce Rd

      Land • 4.31 Acres
      00 Commerce Rd, Richmond, IN 47374
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    • Value Estimation by Request
      0.73 Acres

      Sheridan St

      COMMERCIAL (GENERAL) • 0.73 Acres
      Sheridan St, Richmond, IN 47374
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    • Value Estimation by Request
      0.37 Acres

      F St

      COMMERCIAL (GENERAL) • 0.37 Acres
      F St, Richmond, IN 47374
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    • Value Estimation by Request
      0.15 Acres

      1602 St

      COMMERCIAL (GENERAL) • 0.15 Acres
      1602 St, Richmond, IN 47374-3356
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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    Similar Nearby for Lease

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    410 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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