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    Property profile & analytics

    1500 Main St Richmond, IN 47374-4321

    • Retail space
    • 4,032 SF
    • 0.38 lot acres
    OFF-MARKET
    Value Estimation
    $400,000
    Location Intelligence
    Property ID
    US31-1969622
    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

    • Penn Station East Coast Subs / American Restaurant / Takeout Restaurant

    Property Details for 1500 Main St

    Year built
    1973
    Construction
    CONCRETE
    Lot size
    0.38 lot acres
    Property size
    4,032 SF
    Zone code
    ZO01
    Property type
    Retail space
    APN
    89-16-33-340-705.000-030
    APU
    891633340705000030

    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
    -84.8814
    Latitude
    39.8299
    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
    $14,166
    $64,300
    $403,300
    $467,600
    -
    $64,300
    $403,300
    $467,600

    Comparable in this City

    • Value Estimation by Request
      7,997 SF

      1236 Main St

      RETAIL STORES (PERSONAL SERVICES) • 7,997 SF
      1236 Main St, Richmond, IN 47374-4306
      View Details
    • Value Estimation by Request
      4,400 SF

      1036 Main St

      RETAIL STORES (PERSONAL SERVICES) • 4,400 SF
      1036 Main St, Richmond, IN 47374-4314
      View Details
    • Value Estimation by Request
      3,100 SF

      216 8th St

      RETAIL STORES (PERSONAL SERVICES) • 3,100 SF
      216 8th St, Richmond, IN 47374-5446
      View Details
    • Value Estimation by Request
      1,600 SF

      2905 Us Hwy 35th N

      RETAIL STORES (PERSONAL SERVICES) • 1,600 SF
      2905 Us Hwy 35th N, Richmond, IN 47374-9707
      View Details
    • Value Estimation by Request
      1,538 SF

      519 5th St

      RETAIL STORES (PERSONAL SERVICES) • 1,538 SF
      519 5th St, Richmond, IN 47374-2971
      View Details
    • Value Estimation by Request
      336 SF

      744 5th St

      RETAIL STORES (PERSONAL SERVICES) • 336 SF
      744 5th St, Richmond, IN 47374-6162
      View Details

    Similar Nearby for Sale

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      Downtown Richmond Shoe Store

      Established 77-year-old shoe store
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    • $600,000
      2.10 Acres

      Richmond Retail Investment Opportunity

      Prime I-70/US 40 location, vacant, build-to-suit potential.
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      Mattress Firm Investment Opportunity

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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
      View Details
    • $30 SF/Yr
      1,658 SF

      Retail or Restaurant Space Available

      New retail or restaurant spaces for lease near Earlham College.
      515-535 W National Rd, Richmond, IN 47374
      View Details
    • $15 SF/Yr
      2,049 SF

      Eastside Plaza Retail Space

      Retail space available in Eastside Plaza Shopping Center.
      3300 E Main St, Richmond, IN 47374
      View Details
    • $6 SF/Yr
      5,820 SF

      Richmond Industrial Space - 5820 SF

      Versatile warehouse/office near I-70 & US 40.
      406 Commerce Rd, Richmond, IN 47374
      View Details
    • $9 SF/Yr
      2,112 SF

      Richmond Office Space - High Visibility

      Prime West Side location; flexible office/retail space.
      122 5Th St, Richmond, IN 47374
      View Details
    • $17 SF/Yr
      75,744 SF

      Richmond Walmart Plaza Retail Space

      High-traffic retail space near Walmart.
      3513 Main St, Richmond, IN 47374
      View Details

    Property Visit Statistics

    • Visits by month
      3.6k
    • Visitors by month
      2.4k
    • Avg Time on site
      10 min
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    1500 Main St
    Richmond, IN 47374-4321
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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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