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    401 Commerce Rd Richmond, IN 47374-2646
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    Property profile & analytics

    401 Commerce Rd, Richmond, IN 47374-2646

    View on Map
    • Turn key restaurants
    • 5,586 SF
    • 1.47 lot acres
    Off-Market
    Property ID
    US31-1916611
    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.
    Value Estimations
    $510,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Culver's / Restaurant
    • Garden INN / Hotel & Motel

    Property Details for 401 Commerce Rd

    Year built
    2001
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.47 lot acres
    Zone code
    ZO01
    Property type
    Turn key restaurants
    APN
    89-16-36-320-105.000-030
    APU
    891636320105000030

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 25, 2018 — K&j Investments 9 LLC Ber Real Estate Inv 1 LLC Warranty Deed —
    May 26, 2017 — Ber Real Estate Investments I LLC Bob Evans Farms LLC Special Warranty Deed $200M · Wells Fargo Bank NA

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $390,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $629,000
      Market price range: $254k - $641k

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $440,000
      Current use
      AUTO REPAIR, GARAGE
      $490,000
      Change: +12% Conversion: Difficult
      RETAIL STORES
      $360,000
      Change: -17% Conversion: Easy
      MEDICAL BUILDING
      $350,000
      Change: -20% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Wayne
    State
    Indiana
    Longitude
    -84.8233
    Latitude
    39.8334
    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
    $38,844
    $441,300
    $843,300
    $1,284,600
    -
    $441,300
    $843,300
    $1,284,600

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    Property Visit Statistics

    • Visits by month
      42.2k
    • Visitors by month
      34.2k
    • Avg Time on site
      19 min
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    Richmond, IN 47374-2646
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