1530 5Th StRichmond, IN 47374

  • Retail properties
  • 7,200 SF
For Lease

Property Details for 1530 5Th St

Year built
2021
Construction
WOOD
Lot size
2.64 AC
Property size (Sq ft)
7,200 SF
Property type
Retail properties
Property subtype
Retail space
APN
89-16-30-420-302.002-030
APU
891630420302002030

Description

NW Business Park offers exceptional retail opportunities in Richmond, Indiana. Located at a signalized intersection on 1530 NW 5th St, this development provides 1 to 6-acre outlots ideal for businesses seeking a high-visibility presence. The property is classified as Class A and is situated in Wayne County, zip code 47374. This single-tenant property boasts full utilities readily available on-site, ensuring a smooth and efficient operational setup for any business. The flexible nature of the development allows for build-to-suit options, providing the unique opportunity to tailor the space to perfectly match specific business needs and requirements. Whether you're looking to purchase or lease, this prime location offers unparalleled potential for growth and success. The property is zoned for commercial use and presents a rare chance to establish a strong foothold in a thriving Richmond market. Contact us today to explore the possibilities and secure your ideal space within NW Business Park.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,574,186
    6.5%
    $1,453,095
    7%
    $1,349,302
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,751,308
    Geo Method
    $2,253,303
  • Alternative Use

    Use
    Valuation
    Residential
    $1,225,740
    Hospitality
    $1,122,771
    Educational
    $934,132
    Medical
    $966,259
    Retail
    $1,453,095
1530 5Th St, Richmond, Indiana

Location Insight

City
Richmond
County
Wayne
State
Indiana
Latitude
39.85
Longitude
-84.909
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
$10,068
$39,600
$292,600
$332,200
-
$39,600
$292,600
$332,200

FAQs

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