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Property profile & analytics
FOR SALE
Retail space

406 Commerce Rd Richmond, IN 47374

5,820 SF 0.86 ac lot Built 1981
Entity Owned 13-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US31-1523286
Property summary
AI-generated overview

This 5,820-square-foot building, located at 406 Commerce Road in Richmond, Indiana, presents a unique opportunity. The property is a single-tenant building constructed in 1981, offering a blend of retail, office, and industrial space. The building features one story and a single dock-high door, ideal for efficient loading and unloading. The 0.855-acre lot provides ample space for maneuvering and potential expansion. Its prime location offers easy access to Interstates 70 and 40, ensuring excellent connectivity for distribution and commuting. The entire 5,820 square feet is currently vacant, allowing for complete customization to suit a variety of business needs. This property is situated on Richmond's East Side, a highly desirable location. An adjacent property is also available for potential expansion or custom construction, with existing structures available for removal to accommodate specific requirements. This presents a rare chance to acquire a strategically located property with significant potential for growth and development in a thriving area. The property's zoning allows for flexible use, making it suitable for a range of businesses. The address is 406 Commerce Rd, Richmond, IN 47374.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1981
Construction WOOD
Total area 5,820 SF
Lot 0.86 ac (37,244 SF)
Zoning code ZO01
APN 89-16-36-320-203.001-030
UPID US31-1523286
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Georgia Direct Warehouse Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Georgia Direct Carpet INC · 13 yrs held
Georgia Direct Carpet INC
since 2012
1 recorded transaction
2012
Price N/A
Zoning & alternative use
ZO01 · Richmond, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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