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    Property profile & analytics

    1215 5th St Richmond, IN 47374-2247

    • Retail space
    • 5,741 SF
    • 0.55 lot acres
    OFF-MARKET
    Value Estimation
    $365,000
    Last Sale
    May 02, 2025
    Location Intelligence
    Property ID
    US31-1912232
    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

    • Papa Joe's Liquors / Liquor Store

    Property Details for 1215 5th St

    Year built
    1966
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.55 lot acres
    Property size
    5,741 SF
    Property type
    Retail space
    APN
    89-16-32-110-304.000-030
    APU
    891632110304000030

    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
    -84.9076
    Latitude
    39.8429
    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
    $5,340
    $41,400
    $135,100
    $176,500
    -
    $41,400
    $135,100
    $176,500

    Comparable in this City

    • Value Estimation by Request
      13,588 SF

      2150 Chester Blvd

      RETAIL STORES (PERSONAL SERVICES) • 13,588 SF
      2150 Chester Blvd, Richmond, IN 47374-1217
      View Details
    • Value Estimation by Request
      3,240 SF

      35 8th St

      RETAIL STORES (PERSONAL SERVICES) • 3,240 SF
      35 8th St, Richmond, IN 47374-3028
      View Details
    • Value Estimation by Request
      2,370 SF

      1225 5th St

      RETAIL STORES (PERSONAL SERVICES) • 2,370 SF
      1225 5th St, Richmond, IN 47374-2247
      View Details
    • Value Estimation by Request
      1,251 SF

      1600 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,251 SF
      1600 Main St, Richmond, IN 47374-4323
      View Details
    • Value Estimation
      $310,000
      4,529 SF

      702 Main St

      RETAIL STORES (PERSONAL SERVICES) • 4,529 SF
      702 Main St, Richmond, IN 47374-4312
      View Details
    • Value Estimation
      $245,000
      3,822 SF

      1015 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,822 SF
      1015 Main St, Richmond, IN 47374-4313
      View Details

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    Similar Nearby for Lease

    • $35 SF/Yr
      2,534 SF

      Retail Space on National Road

      Retail space for lease near downtown Richmond and Earlham College.
      216 W National Rd, Richmond, IN 47374
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      Retail or Restaurant Space Available

      New retail or restaurant spaces for lease near Earlham College.
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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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    • $9 SF/Yr
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      Richmond Office Space - High Visibility

      Prime West Side location; flexible office/retail space.
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    • Contact for pricing
      44,964 SF

      Richmond Commercial Property

      Multi-use building, high traffic area
      1175 A St, Richmond, IN 47374
      View Details
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    Richmond, IN 47374-2247
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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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