Property profile

415 12th St Richmond, IN 47374

OFF-MARKET
Commercial real estate
Property ID
US31-2004084
11,200 SF 0.52 ac lot Built 1938
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 11,200-square-foot industrial property presents a fantastic investment opportunity in Richmond, Indiana. Situated on a 0.519-acre lot in Wayne County, this single-story warehouse boasts a 24-foot ceiling height, providing ample storage and operational space. The property features seven loading docks and one dock-high door, ensuring efficient loading and unloading operations. With fourteen total parking spaces, ample room is available for employees and visitors. The building's versatile design includes approximately 1,680 square feet of office space, potentially suitable for retail use, with its own separate entrance. This strategically located warehouse enjoys high visibility on a busy road, offering excellent access to US 27 and the Interstate 70 corridor, providing convenient transportation links for regional and national distribution. The property's combination of size, features, and location makes it an ideal choice for businesses seeking a functional and well-connected warehouse space. This is a single-tenant property.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1938
Construction TYPE NOT SPECIFIED
Total area 11,200 SF
Lot 0.52 ac (22,608 SF)
Zoning code ZO01
APN 89-16-33-310-414.000-030
UPID US31-2004084

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

415 12th St Richmond, IN 47374-3209
Richmond metro Census 200 RICHMOND, IN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

Zoning & alternative use

ZO01 · Richmond, IN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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