Flex Space with Office
For Sale
Contact for pricing
130 Fairway Lakes Drive Suite C, Franklin, IN 46131
A compact office component includes a bathroom, coffee bar, and storage closet alongside substantial garage space.
Property Size1,404 SF
Price / SF$0.85
Days on Market100
Property Features for 130 Fairway Lakes Drive Suite C
General Information
Standard status
Active
Size
1,404 SF
Property subtype
Office
Additional Details
Property Use
Office
Amenities
bathroom
coffee bar
storage closet
garage space
Building Details
Year Built
1991
Listing Agency:
Smythe & Co, Inc
(317) 691-4029
Listed By:
Austin Smythe
(317) 412-3612
Source:
Locksteprealty
Added: Jul 23
Changed: Oct 28
Last Checked: Oct 28 at 4:29PM
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 flex space combines 288 square feet of office area with 1,116 square feet of garage space, for a total of 1,404 square feet. The office area includes a bathroom, coffee bar, and storage closet. Garage ceilings measure 12 feet.
Built in 1991, the unit offers a compact office component paired with a larger garage area.
Built in 1991, the unit offers a compact office component paired with a larger garage area.
Key Highlights
- 1,404 square feet total, including 288 square feet of office and 1,116 square feet of garage
- Garage ceilings are 12 feet high
- Office area includes a bathroom, coffee bar, and storage closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,276
Suggested Prices Based on Cap Rates
Cap Rate 5%
$125,520
$125.5K
Cap Rate 7%
$89,657
$89.7K
Cap Rate 9%
$69,733
$69.7K
Market Conditions
NOI Build-Up for 1,404 SF
Gross rent
$9.8K $7.01/SF
− Vacancy
−$876 −$0.62/SF
EGI
$9.0K $6.39/SF
− OpEx
−$2.7K −$1.92/SF
NOI
$6.3K $4.47/SF
Area
Johnson County, IN
Vacancy
8.90%
Lease Rate
$7.01 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$125,520
Cap Rate 7%
$89,657
Cap Rate 9%
$69,733
Alternative Uses
Best Use
Flex RnD
$178.5K
$156.2K – $208.3K
NOI $12,498 @ 7.0% cap · market cap 1,041.50%
Second Best
Warehouse
$108.9K
$95.3K – $127.0K
NOI $7,621 @ 7.0% cap · market cap 635.08%
Theoretical Best
Office A
$353.8K
$309.6K – $412.8K
NOI $24,767 @ 7.0% cap · market cap 2,063.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
338
Businesses Nearby
Under-served
Demand for This Use
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 Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - A compact office component includes a bathroom, coffee bar, and storage closet alongside substantial garage space.
Where is this flex space located?
The property is located at 130 Fairway Lakes Drive Suite C Franklin, IN.
What are key features of this property?
This property features: 1,404 square feet total, including 288 square feet of office and 1,116 square feet of garage; Garage ceilings are 12 feet high; Office area includes a bathroom, coffee bar, and storage closet
