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    Property profile & analytics

    4024 State Rd 161 Richland, IN 47634-9157

    • Commercial land
    • 807 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US31-2594966
    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

    • Commercial land

    Property Details for 4024 State Rd 161

    Year built
    1900
    Lot size
    0.11 lot acres
    Property size
    807 SF
    Property type
    Commercial land
    APN
    74-12-34-404-124.000-019
    APU
    741234404124000019

    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
    -87.1688
    Latitude
    37.9456

    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
    $100
    $3,900
    $0.00
    $3,900
    -
    $3,900
    $0.00
    $3,900

    Comparable in this City

    • Value Estimation by Request
      0.08 Acres

      Adams St

      VACANT COMMERCIAL LAND • 0.08 Acres
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    • Value Estimation by Request
      0.28 Acres

      90th N Cr 90th Nn

      VACANT COMMERCIAL LAND • 0.28 Acres
      90th N Cr 90th Nn, Richland, IN 47634
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    • Value Estimation by Request
      0.01 Acres

      Old Sr 66

      VACANT COMMERCIAL LAND • 0.01 Acres
      Old Sr 66, Richland, IN 47634
      View Details
    • Value Estimation by Request
      0.10 Acres

      161 Sr

      VACANT COMMERCIAL LAND • 0.10 Acres
      161 Sr, Richland, IN 47634
      View Details
    • Value Estimation by Request
      0.08 Acres

      Adams St

      VACANT COMMERCIAL LAND • 0.08 Acres
      Adams St, Richland, IN 47634
      View Details
    • Value Estimation by Request
      0.50 Acres

      Old

      VACANT COMMERCIAL LAND • 1,806 SF
      Old, Richland, IN 47634
      View Details

    Similar Nearby for Sale

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      Residential land available in Richland, Indiana.
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      Hatfield, Indiana Residential Land

      Residential land available in Hatfield, Indiana.
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      Residential Land in Hatfield, Indiana

      Residential land available in Hatfield, Indiana.
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      Residential Land in Richland, Indiana

      Residential land available in Richland, Indiana.
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    4024 State Rd 161
    Richland, IN 47634-9157
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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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