1450 Commerce Parkway Franklin, IN 46131
178,060 SF manufacturing and warehouse space on 32.6 acres.
- Added:
- Apr 26, 2024
- Days on Market:
- 808
- Last Refresh:
- Jun 28 at 8:28 pm
Property Features for 1450 Commerce Parkway
General Information
- Standard status
- Active
- Size
- 178,060 SF
- Lot size
- 32.60 Acres
- Property subtype
- IND
Building Details
- Year Built
- 1994
Listing office Keller Williams Indy South (317) 519-5178
Listing date Apr 26, 2024
Source Realnex
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All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Indy South
Investment Insights
Based on property information with market context.
Key Highlights
- Prime location in Johnson County's industrial hub
- Substantial 178,060 sq ft manufacturing and warehouse space
- Large 32.6‑acre lot with room for expansion
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.25M | $7.01 |
| − Vacancy | −$111.1k | −$0.62 |
| EGI | $1.14M | $6.39 |
| − OpEx | −$170.6k | −$0.96 |
| NOI | $966.5k | $5.43 |
