Financial
Distress signals
Property profile

616 1st St Richmond, IN 47374

OFF-MARKET
Other commercial real estate
Property ID
US31-1350822
9,270 SF 0.32 ac lot Built 1966
Last sale Dec 2025 · $210,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

The property is a remodeled flex/commercial building that combines three warehouse areas with six dedicated offices within a single structure. The office spaces include updated flooring (new carpet), cordless blinds, refreshed bathrooms, and updated interior finishes. The warehouse areas have full insulation, partial heating, a stainless steel utility sink, and four overhead doors. A dedicated loading dock supports receiving and shipping operations, and the site provides parking for staff,

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$3k
Tax billed · 2022
Assessed value · 2023$83k
Assessed land$3k
Assessed improvement$79k
Effective rate3.03%

Value estimate

· Sep 2026
$250k
$225k – $275k
AI approach$250k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$36/SF
ZIP average, outlier-cleaned · 34 recorded sales of this use type
Observed band · Q1–Q3$12 – $78

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Electrical Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Electrical Service10.6
Parking Facility10.5
Cafe & Coffee Shop9.7

Location

616 1st St Richmond, IN 47374-2960
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
821 Main, Richmond, IN 47374-4315 $123,000 Jun 2025 14,850 SF
340 5th, Richmond, IN 47374-2923 $200,000 Mar 2025 9,610 SF
Richmond, IN 47374-3136 $100,000 Nov 2023 8,600 SF
Richmond, IN 47374-3185 $50,000 Nov 2023 5,670 SF
400 8th, Richmond, IN 47374-3037 $600,000 Sep 2023 9,605 SF
229 Main, Richmond, IN 47374-4159 $58,000 Jul 2022 5,460 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 616 1st St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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