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    Property profile & analytics

    475 Commerce Rd Richmond, IN 47374-2646

    • Bowling alleys
    • 22,524 SF
    • 6.03 lot acres
    OFF-MARKET
    Value Estimation
    $625,000
    Last Sale
    Jun 01, 2021
    Location Intelligence
    Property ID
    US31-1801152
    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

    • The Skate / Roller Skating Rink

    Property Details for 475 Commerce Rd

    Year built
    1980
    Construction
    TYPE NOT SPECIFIED
    Lot size
    6.03 lot acres
    Property size
    22,524 SF
    Zone code
    ZO01
    Property type
    Bowling alleys
    APN
    89-16-36-100-132.000-030
    APU
    891636100132000030

    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
    -84.8238
    Latitude
    39.8362
    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
    $22,685
    $305,600
    $199,200
    $504,800
    -
    $305,600
    $199,200
    $504,800

    Comparable in this City

    • Value Estimation
      $600,000
      34,961 SF

      75 37th St

      BOWLING ALLEY • 34,961 SF
      75 37th St, Richmond, IN 47374-6786
      View Details
    • Value Estimation
      $320,000
      21,375 SF

      3919 National W Rd

      BOWLING ALLEY • 21,375 SF
      3919 National W Rd, Richmond, IN 47374-4704
      View Details
    • Value Estimation by Request
      1,199 SF

      835 17th St

      THEATER (MOVIE) • 1,199 SF
      835 17th St, Richmond, IN 47374-2434
      View Details
    • Value Estimation
      $350,000
      8,228 SF

      4017 National W Rd

      THEATER (MOVIE) • 8,228 SF
      4017 National W Rd, Richmond, IN 47374-4706
      View Details
    • Value Estimation by Request
      7,152 SF

      335 7th St

      THEATER (MOVIE) • 7,152 SF
      335 7th St, Richmond, IN 47374-6101
      View Details
    • Value Estimation
      $85,000
      3,353 SF

      1710 5th St

      THEATER (MOVIE) • 3,353 SF
      1710 5th St, Richmond, IN 47374-6824
      View Details

    Similar Nearby for Sale

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    • Contact for pricing
      3.64 Acres

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    • $225,000
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      Build-ready 4.31-acre lot, excellent location.
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    • $600,000
      1.34 Acres

      Prime Richmond Commercial Land

      1.34 Acres, $600,000
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    • $99,900
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      Prime Richmond Development Land

      1.81 Acres, High Traffic Location
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    Similar Nearby for Lease

    • $6 SF/Yr
      5,820 SF

      Richmond Industrial Space - 5820 SF

      Versatile warehouse/office near I-70 & US 40.
      406 Commerce Rd, Richmond, IN 47374
      View Details
    • $35 SF/Yr
      2,534 SF

      Retail Space on National Road

      Retail space for lease near downtown Richmond and Earlham College.
      216 W National Rd, Richmond, IN 47374
      View Details
    • $30 SF/Yr
      1,658 SF

      Retail or Restaurant Space Available

      New retail or restaurant spaces for lease near Earlham College.
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      View Details
    • $9 SF/Yr
      2,112 SF

      Richmond Office Space - High Visibility

      Prime West Side location; flexible office/retail space.
      122 5Th St, Richmond, IN 47374
      View Details
    • $10 SF/Yr
      6,156 SF

      Downtown Richmond Office Space Available

      Versatile two-story building ideal for offices or co-working.
      36 S 9Th St, Richmond, IN 47374
      View Details
    • $17 SF/Yr
      75,744 SF

      Richmond Walmart Plaza Retail Space

      High-traffic retail space near Walmart.
      3513 Main St, Richmond, IN 47374
      View Details
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    475 Commerce Rd
    Richmond, IN 47374-2646
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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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