1530 5Th StRichmond, IN 47374

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 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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,220,530

  6.5%

  $1,126,640

  7%

  $1,046,170

• Comparable approach

  Method

  Valuation

  Relative Method

  $722,762

  Geo Method

  $929,935

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,191,790

  Mixed-Use / Specialty

  $1,124,760

  Hospitality / Lodging

  $827,977

  Office

  $1,120,300

  Institutional / Educational

  $1,170,060

  Residential Income

  $1,368,970

  Multifamily

  $1,630,050

  Automotive / Energy

  $1,002,910

  Parking / Income-Based Land

  $343,985

  Restaurant / Food Service

  $589,548

  Healthcare / Senior Housing

  $1,151,230

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

FAQs

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