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Property profile & analytics
OFF-MARKET
Medical Office Space
4760 National W Rd Richmond, IN 47374-4745
Entity Owned
1-yr Hold
Free & Clear
Property ID
US31-2336959
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1997
Construction
WOOD
Total area
4,259 SF
Lot
1.08 ac (46,871 SF)
Zoning code
ZO01
APN
89-10-21-400-401.003-005
UPID
US31-2336959
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Frame Real Estate LLC · 1 yrs held
Frame Real Estate LLC
since 2025
2 recorded transactions
Zoning & alternative use
ZO01 · Richmond, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Richmond submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Richmond submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$17,603
Tax year 2022
Assessed value
$385,600
Assessed 2023
Previous assessed
$385,600
+0.0% YoY
Effective rate
4.57%
On assessed value
Assessed land
$26,900
Assessed improvement
$358,700
Land market value
$26,900
Improvement market value
$358,700
Total market value
$385,600
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1997
Construction
WOOD
Heating
NONE
Stories
2
Total area
4,259 SF
Lot
1.08 ac (46,871 SF)
Zoning code
ZO01
APN
89-10-21-400-401.003-005
UPID
US31-2336959
Jurisdiction
WAYNE
Zoning & alternative use
ZO01 · Richmond, IN
Zoning ZO01 · permitted uses
ZO01 · Richmond, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Richmond. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1997
Construction
WOOD
Heating
NONE
Stories
2
Lot
1.08 ac
Current owner
From public records · entity-resolved
Frame Real Estate LLC
Entity
Free & Clear · 1 yrs held
Mailing address
4760 NATIONAL RD W, RICHMOND, IN 47374-4745
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2025
$400,000
Frame Real Estate LLC
William D Rheuble
Warranty Deed
—
Jan 9, 2014
$390,000
William D Rheuble
Westside Medical Development Co LLC
Warranty Deed
$331,500 · First Bank Richmond NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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