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Property profile

651 5th St Richmond, IN 47374

OFF-MARKET
Retail space
Property ID
US31-2377295
3,610 SF 0.38 ac lot Built 1950
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional commercial property, located at 651 NW 5th Street in Richmond, Indiana, presents a unique investment opportunity. The 0.38-acre lot offers significant potential for a variety of commercial ventures. The existing structure boasts 3,610 square feet of space, providing ample room for development or renovation. Situated in Wayne County, this property benefits from convenient access to key transportation routes and local amenities. The asking price is $195,500, making it an…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$3k
Tax billed · 2022
Assessed value · 2023$94k
Assessed land$31k
Assessed improvement$63k
Effective rate3.03%

Value estimate

· Oct 2026
$255k
$230k – $281k
AI approach$255k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$44/SF
County average, outlier-cleaned · 28 recorded sales of this use type
Observed band · Q1–Q3$21 – $64
Qualifying comparables7

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: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant22.8
Dental Office17.7
Law Firm17.0

Location

651 5th St Richmond, IN 47374-2972
County assessor Recorded deeds · not on file 7 qualifying comp sales 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 · 8 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1015 Main, Richmond, IN 47374-4313 $245,000 May 2024 3,822 SF
2101 National W, Richmond, IN 47374-4620 $900,000 Mar 2024 2,772 SF
14 9th, Richmond, IN 47374-5504 $119,000 Dec 2023 3,284 SF
1390 National W, Richmond, IN 47374-5143 $365,000 Nov 2022 4,191 SF
927 9th, Richmond, IN 47374-6237 $75,000 Jul 2022 3,048 SF
4016 National W, Richmond, IN 47374-4707 $150,000 Apr 2022 4,040 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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