Richmond, IN
Commercial Real Estate Market Trends & Data

$168 Avg asking sale price
$10 Avg asking lease rate
9,204 SF Avg unit lease size
15,543 SF Avg building size for sale
9.35% Average cap rate

Richmond's Demographic Profile

Richmond has 15,949 households and a median income of $43,872, providing context for rent absorption and tenant demand across retail and multifamily assets. A +1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 37,592
# Households 15,949
Median age 40
Median household income $43,872
Avg household size 2.0
Renter-occupied housing units 7,432
5-year population change +1%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Richmond, IN

↻ Updated Monthly

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Nearby Retail Markets Avg Cost/SF Typical Size
Richmond $143 6,932 SF
Eaton $869 2,100 SF
Liberty $127 2,208 SF
Lewisburg $105 3,330 SF
College Corner $77 5,306 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Richmond $88 49,725 SF 7.98%
Trotwood $67 3,499 SF 13.08%
Middletown $125 8,257 SF 7.27%

Commercial Properties For Sale in Richmond

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

0 Chester Blvd

Richmond, IN 47374

  • 8.39 AC Lot
  • 1 Commercial Lot
  • $125,000
For Sale

Heartland Dental | 12-Yr Abs NNN

Richmond, IN 47374

  • 4,400 SF Office Building
  • 5.65% Cap Rate
  • $3,426,500
For Sale

4711 E National Rd

Richmond, IN 47374

  • 4,056 SF Retail Building
  • $1,195,000
For Sale

224 S 5th St

Richmond, IN 47374

  • 6,129 SF Office Building
  • 15.00% Cap Rate
  • $275,000
For Sale

Atlas Apartments

Richmond, IN 47374

  • 49,725 SF Multifamily
  • 7.98% Cap Rate
  • $4,355,000
For Sale

Indiana Walgreens |Abs NNN | Limited Comp.

Richmond, IN 47374

  • 14,729 SF Retail Building
  • 8.75% Cap Rate
  • $4,000,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Richmond pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Richmond $168 15,543 SF
New Paris $65 3,980 SF
Eldorado $113 1,680 SF
Eaton $1,224 2,100 SF

Multifamily Properties For Sale in Richmond

For Sale

Atlas Apartments

Richmond, IN 47374

  • 49,725 SF Multifamily
  • 7.98% Cap Rate
  • $4,355,000

Regional Demographic Comparison

This comparison places Richmond alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Richmond or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Richmond 37,592 15,949 40 $43,872 2 7,432 1%
New Paris 1,783 733 43 $43,083 2 235 2%
Eldorado 480 195 43 $61,286 3 41 -3%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Richmond, IN and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Richmond

View All Commercial Real Estate For Sale in Richmond
Is Richmond a good market for a first-time commercial real estate investor?

Richmond offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Richmond?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Richmond. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Richmond?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Richmond. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Richmond compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Richmond. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Richmond acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Richmond, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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