Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4903 National E Rd Richmond, IN 47374
    Back to Search
    Property profile & analytics

    4903 National E Rd, Richmond, IN 47374

    View on Map
    • Office Spaces
    • 512 SF
    • 45.67 lot acres
    Off-Market
    Last Sale Apr 9, 2021
    Property ID
    US31-1882607
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 4903 National E Rd

    Year built
    1986
    Construction
    WOOD
    Lot size
    45.67 lot acres
    Zone code
    ZO01
    Property type
    Office Spaces
    APN
    89-10-21-300-342.000-004
    APU
    891021300342000004

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 9, 2021 — Wells Ronald J Est Wells Bros Farming LLC Warranty Deed —
    Jun 28, 2018 — Wells Brothers Faming LLC Wells Wilie Est Personal Representative Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Wayne
    State
    Indiana
    Longitude
    -84.9704
    Latitude
    39.8182
    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
    $2,979
    $120,200
    $13,100
    $133,300
    -
    $120,200
    $13,100
    $133,300

    Comparable in this City

    • Value Estimation by Request
      7,776 SF

      2341 Cart Rd

      OFFICE (GENERAL)
      2341 Cart Rd, Richmond, IN 47374-1152
      View Details
    • Value Estimation by Request
      2,400 SF

      5600 Us Hwy 27th N

      OFFICE (GENERAL)
      5600 Us Hwy 27th N, Richmond, IN 47374-9240
      View Details
    • Value Estimation by Request
      2,266 SF

      408 O St

      OFFICE (GENERAL)
      408 O St, Richmond, IN 47374-6850
      View Details
    • Value Estimation by Request
      7,176 SF

      7918 State Rd 227th N

      OFFICE (GENERAL)
      7918 State Rd 227th N, Richmond, IN 47374-9221
      View Details
    • Value Estimation by Request
      5,764 SF

      5701 National E Rd

      OFFICE (GENERAL)
      5701 National E Rd, Richmond, IN 47374-2619
      View Details
    • Value Estimation by Request
      7,650 SF

      1281 Round Barn Rd

      OFFICE (GENERAL)
      1281 Round Barn Rd, Richmond, IN 47374-4801
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,000 SF

      Commercial Property with Flexible Layout

      3000 sq ft commercial property with multiple office spaces.
      1015 S A St, Richmond, IN 47374
      View Details
    • $349,900
      0.27 Acres

      Versatile Building in Downtown Richmond

      Two-story building with offices, open area, and parking.
      36 S 9Th St, Richmond, IN 47374
      View Details
    • Contact for pricing
      1,072 SF

      Richmond Commercial Space For Sale

      1,072 SF commercial space in high-traffic Richmond location.
      315 NW 5Th St, Richmond, IN 47374
      View Details
    • $600,000

      Commercial Property on Main Street

      Commercial property for sale at 600 E Main Street.
      600 E Main St, Richmond, IN 47374
      View Details
    • $1,374,500
      10.00 Acres

      Richmond Commercial Land For Sale

      10-acre commercial land with I-70 visibility in Richmond, Indiana.
      787 Highland Rd, Richmond, IN 47374
      View Details

    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
    • Contact for pricing

      Downtown Richmond Office and Retail

      Office and retail leasing opportunity in Richmond's revitalization district.
      630 E Main St, Richmond, IN 47374
      View Details
    • Contact for pricing

      Downtown Richmond Office Space Available

      Four-story office building for lease in revitalizing downtown Richmond.
      600 E Main St, Richmond, IN 47374
      View Details
    • $2,900 /Mo
      8,827 SF

      Versatile Commercial Space on US 40

      8827 SF commercial space with high visibility and traffic.
      3711 W National Rd, Richmond, IN 47374
      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 in downtown Richmond with parking.
      36 S 9Th St, Richmond, IN 47374
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4903 National E Rd
    Richmond, IN 47374
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4903 National E Rd, Richmond, IN, 47374
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!