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    Property profile & analytics

    400 Commerce Rd Richmond, IN 47374-2647

    • Office Properties & Spaces
    • 952 SF
    • 1.97 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US31-2037911
    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

    • McDonald's / Restaurant / Sandwich Shop
    • ATM / Atm

    Property Details for 400 Commerce Rd

    Year built
    1978
    Construction
    WOOD
    Lot size
    1.97 lot acres
    Property size
    952 SF
    Zone code
    ZO01
    Property type
    Office Properties & Spaces
    APN
    89-16-36-320-203.000-030
    APU
    891636320203000030

    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
    -84.8246
    Latitude
    39.8335
    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
    $42,633
    $592,200
    $819,600
    $1,411,800
    -
    $592,200
    $819,600
    $1,411,800

    Comparable in this City

    • Value Estimation by Request
      34,090 SF

      600 Main St

      Medical offices • 34,090 SF
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    • Value Estimation by Request
      520 SF

      120 Main St

      OFFICE (GENERAL) • 520 SF
      120 Main St, Richmond, IN 47374-4207
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    • Value Estimation by Request
      4,222 SF

      2990 Main St

      OFFICE (GENERAL) • 4,222 SF
      2990 Main St, Richmond, IN 47374-3546
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    • Value Estimation by Request
      3,136 SF

      1002 Parry St

      OFFICE (GENERAL) • 3,136 SF
      1002 Parry St, Richmond, IN 47374-6965
      View Details
    • Value Estimation by Request
      946 SF

      3260 I-70

      OFFICE (GENERAL) • 946 SF
      3260 I-70, Richmond, IN 47374
      View Details
    • Value Estimation by Request
      29,270 SF

      855 12th St

      OFFICE (GENERAL) • 29,270 SF
      855 12th St, Richmond, IN 47374-2477
      View Details

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    Similar Nearby for Lease

    • $6 SF/Yr
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      Richmond Industrial Space - 5820 SF

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      Downtown Richmond Office Space Available

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    • $5 SF/Yr
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      Downtown Richmond Office Building

      Prime 34,090 SF Office Space, Renovated 2023
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    • $240 SF/Yr
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      Prime Richmond Office 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
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    Property Visit Statistics

    • Visits by month
      47.3k
    • Visitors by month
      27.8k
    • Avg Time on site
      8 min
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    400 Commerce Rd
    Richmond, IN 47374-2647
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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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