Industrial Flex Space with Drive-In
For Sale
Contact for pricing
1577 Amy Lane, Franklin, IN 46131
New construction offers three-phase power, on-site parking, and access to I-65 and US 31.
Property Size2,400 SF
Price / SF$0.01
Days on Market80
Property Features for 1577 Amy Lane
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Warehouse
Warehouse & Industrial
Clear Height
13.5 ft
Drive-In Doors
1
Power
200 amps
Voltage
208 V
Three-Phase Power
Yes
Heavy Power
Yes
Additional Details
Highway Access
Yes
Property Use
Flex
Listing Agency:
eXp Realty, LLC
Listed By:
LockStep Realty · License #RB14039040
(317) 218-9625
Source:
Locksteprealty
Added: Aug 12
Changed: Oct 28
Last Checked: Oct 28 at 1:26PM
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 eXp Realty, LLC
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 2,400-square-foot industrial flex space in Franklin is newly constructed and available for immediate occupancy. The property includes a private 12-foot drive-in door, 13-foot-6-inch clear height, and 200-amp, 120/208V three-phase power. On-site parking is also provided.
I-65 and US 31 offer routes serving Franklin, Johnson County, and the greater Indianapolis market.
I-65 and US 31 offer routes serving Franklin, Johnson County, and the greater Indianapolis market.
Key Highlights
- 2,400 SF of newly constructed industrial flex space
- Private 12' drive‑in door
- 13'6" clear height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,729
Suggested Prices Based on Cap Rates
Cap Rate 5%
$214,580
$214.6K
Cap Rate 7%
$153,271
$153.3K
Cap Rate 9%
$119,211
$119.2K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$16.8K $7.01/SF
− Vacancy
−$1.5K −$0.62/SF
EGI
$15.3K $6.39/SF
− OpEx
−$4.6K −$1.92/SF
NOI
$10.7K $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%
$214,580
Cap Rate 7%
$153,271
Cap Rate 9%
$119,211
Alternative Uses
Best Use
Flex RnD
$305.2K
$267.1K – $356.1K
NOI $21,364 @ 7.0% cap · market cap 178,033.33%
Second Best
Warehouse
$186.1K
$162.9K – $217.1K
NOI $13,028 @ 7.0% cap · market cap 108,566.67%
Theoretical Best
Office A
$604.8K
$529.2K – $705.6K
NOI $42,336 @ 7.0% cap · market cap 352,800.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
13 ft
Clear height
1
Drive-in doors
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
127
Businesses Nearby
Balanced
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 - New construction offers three-phase power, on-site parking, and access to I-65 and US 31.
Where is this flex space located?
The property is located at 1577 Amy Lane Franklin, IN.
What are key features of this property?
This property features: 2,400 SF of newly constructed industrial flex space; Private 12' drive‑in door; 13'6" clear height
