Renovated Office
130 Fairway Lakes Drive Suite A, Franklin, IN 46131
For Sale
Contact for pricing
A single-level layout combines private work areas, shared workspace, a kitchenette, and a bathroom.
Property Size1,172 SF
Price / SF$1.45
Days on Market110
Property Features for 130 Fairway Lakes Drive Suite A
General Information
Standard status
Size
Property subtype
Additional Details
Condition
Highway Access
Office Units
Property Use
Amenities
Conference Room
Kitchenette
Bathroom
Franklin's Trail system
Building Details
Year Renovated
Listing Agency:
Smythe & Co, Inc
(317) 691-4029
Listed By:
Austin Smythe
(317) 412-3612
Source:
Locksteprealty
Added: Jul 21
Changed: Nov 6
Last Checked: Nov 6 at 9:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Smythe & Co, Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,172-square-foot office suite has a conference room, private office, open work and reception area, kitchenette, and bathroom, all on one level. Renovations completed in 2026 included interior paint, trim, flooring, bathroom and kitchenette work, and electrical updates. Exterior improvements included paint, lighting, keyless entry, and resurfaced sidewalks and porches.
The property is on the east side of Franklin, less than one mile from Interstate 65 and one mile from downtown. Franklin’s trail system runs in front of the property, and off-street parking is available.
The property is on the east side of Franklin, less than one mile from Interstate 65 and one mile from downtown. Franklin’s trail system runs in front of the property, and off-street parking is available.
Key Highlights
- 1,172 Sq. Ft. office suite
- Conference room, private office, open work/reception area, kitchenette, and bathroom
- 2026 renovations included interior finishes, bathroom, kitchenette, and electrical updates
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,794
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,880
$295.9K
Cap Rate 7%
$211,343
$211.3K
Cap Rate 9%
$164,378
$164.4K
Market Conditions
NOI Build-Up for 1,172 SF
Gross rent
$23.2K $19.80/SF
− Vacancy
−$3.5K −$2.97/SF
EGI
$19.7K $16.83/SF
− OpEx
−$4.9K −$4.21/SF
NOI
$14.8K $12.62/SF
Area
Johnson County, IN
Vacancy
15.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,880
Cap Rate 7%
$211,343
Cap Rate 9%
$164,378
Alternative Uses
Best Use
Office B
$211.3K
$184.9K – $246.6K
NOI $14,794 @ 7.0% cap · market cap 870.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$295.3K
$258.4K – $344.6K
NOI $20,674 @ 7.0% cap · market cap 1,216.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
338
Businesses Nearby
Explore this area
Business Placement
Demographics for 46131, IN
32,869
Population
13,151
Households
2.5
Avg Household Size
38
Median Age
25%
College-Educated
92%
High-School Grad
126.0 sq mi
ZIP Area
261
Density / Sq Mi
$81,914
Median Household Income
$44,797
Median Earnings
$1,114
Median Rent
$227,800
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - A single-level layout combines private work areas, shared workspace, a kitchenette, and a bathroom.
Where is this office unit located?
The property is located at 130 Fairway Lakes Drive Suite A Franklin, IN.
What are key features of this property?
This property features: 1,172 Sq. Ft. office suite; Conference room, private office, open work/reception area, kitchenette, and bathroom; 2026 renovations included interior finishes, bathroom, kitchenette, and electrical updates
