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    Property profile & analytics

    2071 County Rd 550th W Richland, IN 47634-9569

    • Warehouses
    • 12,215 SF
    • 2.24 lot acres
    OFF-MARKET
    Value Estimation
    $130,000
    Last Sale
    Oct 17, 2023
    $90,000
    Location Intelligence
    Property ID
    US31-1365715
    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

    • Warehouses

    Property Details for 2071 County Rd 550th W

    Year built
    1970
    Construction
    TYPE NOT SPECIFIED
    Lot size
    2.24 lot acres
    Property size
    12,215 SF
    Property type
    Warehouses
    APN
    74-14-11-400-023.002-016
    APU
    741411400023002016

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Richland
    County
    Spencer
    State
    Indiana
    Longitude
    -87.1588
    Latitude
    37.9183

    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
    2023
    $2,874
    $23,200
    $168,600
    $191,800
    -
    $23,200
    $168,600
    $191,800

    Comparable in this City

    • Value Estimation
      $450,000
      15,000 SF

      7187 State Rd 66

      STORAGE YARD, OPEN STORAGE • 15,000 SF
      7187 State Rd 66, Richland, IN 47634
      View Details
    • Value Estimation by Request
      2,160 SF

      100th N Cr 100th Nn

      MINI-WAREHOUSE, STORAGE • 2,160 SF
      100th N Cr 100th Nn, Richland, IN 47634
      View Details
    • Value Estimation by Request
      189 SF

      850th W Cr 850th Ww

      STORAGE YARD, OPEN STORAGE • 189 SF
      850th W Cr 850th Ww, Richland, IN 47634
      View Details
    • Value Estimation by Request
      4,938 SF

      161 Sr

      WAREHOUSE, STORAGE • 4,938 SF
      161 Sr, Richland, IN 47634
      View Details
    • Value Estimation by Request
      3,600 SF

      950 County Rd 950th W

      MINI-WAREHOUSE, STORAGE • 3,600 SF
      950 County Rd 950th W, Richland, IN 47634
      View Details
    • Value Estimation
      $425,000
      500 SF

      951 County Rd 950th W

      MINI-WAREHOUSE, STORAGE • 500 SF
      951 County Rd 950th W, Richland, IN 47634
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.54 Acres

      Residential Land in Richland, Indiana

      Residential land available in Richland, Indiana.
      8727 W County Road 150, Richland, IN 47634
      View Details
    • $149,900
      Pending

      Hatfield, Indiana Residential Land

      Residential land available in Hatfield, Indiana.
      15 W Old State Road 66, Hatfield, IN 47634
      View Details
    • Contact for pricing
      Pending

      Residential Land in Hatfield, Indiana

      Residential land available in Hatfield, Indiana.
      22 W Old State Road 66, Hatfield, IN 47634
      View Details
    • $100,000
      0.46 Acres

      Residential Land in Richland, Indiana

      Residential land available in Richland, Indiana.
      1 County Road 125, Richland, IN 47634
      View Details
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    2071 County Rd 550th W
    Richland, IN 47634-9569
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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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