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    Property profile & analytics

    8977 Old State Rd 66 Richland, IN 47634-9067

    • Retail space
    • 4,952 SF
    • 0.21 lot acres
    OFF-MARKET
    Value Estimation
    $85,000
    Last Sale
    Dec 05, 2023
    $60,000
    Location Intelligence
    Property ID
    US31-1412284
    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

    • Retail space

    Property Details for 8977 Old State Rd 66

    Year built
    1894
    Construction
    WOOD
    Lot size
    0.21 lot acres
    Property size
    4,952 SF
    Property type
    Retail space
    APN
    74-14-20-202-002.000-016
    APU
    741420202002000016

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Richland
    County
    Spencer
    State
    Indiana
    Longitude
    -87.2236
    Latitude
    37.9024

    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
    2023
    $589
    $5,500
    $33,800
    $39,300
    -
    $5,500
    $33,800
    $39,300

    Comparable in this City

    • Value Estimation by Request
      1,752 SF

      7226 State Rd 66

      RETAIL STORES (PERSONAL SERVICES) • 1,752 SF
      7226 State Rd 66, Richland, IN 47634-9409
      View Details
    • Value Estimation by Request
      1,321 SF

      9391 Old State Rd 66

      RETAIL STORES (PERSONAL SERVICES) • 1,321 SF
      9391 Old State Rd 66, Richland, IN 47634-9155
      View Details
    • Value Estimation by Request
      1,080 SF

      161 Sr

      RETAIL STORES (PERSONAL SERVICES) • 1,080 SF
      161 Sr, Richland, IN 47634
      View Details
    • Value Estimation by Request
      2,016 SF

      3838 State Rd 161

      CONVENIENCE STORE • 2,016 SF
      3838 State Rd 161, Richland, IN 47634-9100
      View Details
    • Value Estimation
      $395,000
      2,280 SF

      3780 State Rd 161

      FINANCIAL BUILDING • 2,280 SF
      3780 State Rd 161, Richland, IN 47634-9165
      View Details
    • Value Estimation by Request
      3,780 SF

      6449 County Rd 400th N

      RESTAURANT • 3,780 SF
      6449 County Rd 400th N, Richland, IN 47634
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.54 Acres

      Residential Land in Richland, Indiana

      Residential land available in Richland, Indiana.
      8727 W County Road 150, Richland, IN 47634
      View Details
    • $149,900
      Pending

      Hatfield, Indiana Residential Land

      Residential land available in Hatfield, Indiana.
      15 W Old State Road 66, Hatfield, IN 47634
      View Details
    • Contact for pricing
      Pending

      Residential Land in Hatfield, Indiana

      Residential land available in Hatfield, Indiana.
      22 W Old State Road 66, Hatfield, IN 47634
      View Details
    • $100,000
      0.46 Acres

      Residential Land in Richland, Indiana

      Residential land available in Richland, Indiana.
      1 County Road 125, Richland, IN 47634
      View Details
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    8977 Old State Rd 66
    Richland, IN 47634-9067
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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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