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Property profile & analytics
OFF-MARKET
Office Spaces

122 5th St Richmond, IN 47374-4119

2,112 SF 0.14 ac lot Built 1963
Entity Owned 10-yr Hold Free & Clear
Property ID
US31-1697173
Property summary
AI-generated overview

This exceptional commercial property, located at 122-126 NW 5th St in Richmond, Indiana, offers a unique opportunity for businesses seeking high-visibility space. Situated on a 0.25-acre lot in Wayne County, this single-story, 2,112 square foot building was constructed in 1963 and boasts a flexible layout suitable for various uses, including traditional office, executive office, medical office, or creative office space. Currently, the entire 2,112 square feet is available for lease, offering a significant opportunity for a single tenant. Alternatively, the space can be divided, with a minimum leasable area of 1,056 square feet. The property's high visibility on the bustling West side makes it ideal for businesses seeking maximum exposure. The building consists of two suites and is adaptable to the needs of a new tenant, with the owner open to build-outs for long-term leases. This presents a rare chance to secure a well-located, versatile commercial space in a thriving area. The property's history as a former barber shop adds to its unique character and potential for creative adaptation.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1963
Construction TYPE NOT SPECIFIED
Total area 2,112 SF
Lot 0.14 ac (6,186 SF)
Zoning code ZO01
APN 89-16-31-440-602.000-030
UPID US31-1697173
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Kt Property Group LLC · 10 yrs held
Kt Property Group LLC
since 2016
2 recorded transactions
2016
Price N/A
2013
Price N/A
Zoning & alternative use
ZO01 · Richmond, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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