609 LRichmond, IN 47374

  • Retail properties
  • 1,152 SF
For Sale
$330,000 View listing

Property Details for 609 L

Year built
1997
Construction
WOOD
Lot size
3.88 AC
Property size (Sq ft)
1,152 SF
Property type
Retail properties
Property subtype
Retail space
APN
89-16-31-220-106.000-030
APU
891631220106000030

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $251,796
    6.5%
    $232,427
    7%
    $215,825
  • Comparable approach

    Method
    Valuation
    Method 1
    $280,512
    Method 2
    $360,529
  • Alternative Use

    Use
    Valuation
    Residential
    $196,061
    Hospitality
    $179,591
    Educational
    $149,417
    Medical
    $154,556
    Retail
    $232,427
609 L, Richmond, Indiana

Location Insight

City
Richmond
County
Wayne
State
Indiana
Latitude
39.8428
Longitude
-84.911
CBSA code
39980
CBSA name
RICHMOND, IN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

  • Assessed Improved Value
    $88,000
  • Assessed land value
    $52,400
  • Assessed value
    $140,400
  • Tax year
    2022
  • Tax bill
    $4,245

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