Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    225 Industrial DR Franklin, IN

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,286,000

    22,996 SF industrial building on 1.54 acres for sale.

    Type:INDUSTRIAL
    Property size:
    22,996 SF
    Lot size:
    1.54 Acres
    Added:
    Aug 6, 2025
    Days on Market:
    239
    Last Refresh:
    Mar 29 at 9:06 pm

    Property Features for 225 Industrial DR

    General Information

    Standard status
    Active
    Size
    22,996 SF
    Lot size
    1.54 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Brian Dell

    Listing agent Brian Dell

    Listing office Colliers

    Listing date Aug 6, 2025

    Source Moodyscre

    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 Colliers

    Overview

    Franklin Industrial Building For Sale

    This 22,996 square foot industrial building is situated on a 1.54-acre lot. Constructed in 1965, the building features metal construction and a metal roof. The property is zoned IG (industrial general), making it suitable for a range of industrial uses. The building includes approximately 4,405 square feet of office space. It is equipped with seven drive-in doors of varying sizes: one 16-foot tall drive-in, three 14-foot tall drive-ins, two 12-foot tall drive-ins, and one 8.5-foot tall drive-in. Interior clear heights range from 10 feet to 20 feet. A 3-ton crane is also present. This property presents a great opportunity for an owner-user.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Johnson
    State
    Indiana
    Longitude
    -86.0729
    Latitude
    39.514

    Nearby Similar for Sale

    • $600,000
      3,600 SF

      Versatile Office Building in Franklin

      Adaptable office space in a growing Franklin market.
      130 Fairway Lakes Drive, Franklin, IN 46131
      View Details
    • $1,840,085
      6,157 SF

      Advance Auto Parts For Sale

      6,157 SF Advance Auto Parts in Franklin, Indiana for sale.
      600 N Morton ST, Franklin, IN
      View Details
    • $600,000

      Versatile Office Building in Franklin

      Adaptable office space in a growing Franklin market.
      130 Fairway Lakes Dr, Franklin, IN, 46131-8300
      View Details
    • $1,150,000
      139,392 SF

      Business Opportunities for sale

      Established pet kennel business on 3.2 acres in Franklin, Indiana.
      4170 U.S. 31 South, Franklin, IN 46131
      View Details
    • $1,150,000
      139,392 SF

      Business Opportunities for sale

      Established pet kennel business on 3.2 acres in Franklin, Indiana.
      4170 U.S. 31 South, Franklin, IN 46131
      View Details
    • $600,000
      3,600 SF

      Versatile Office Building in Franklin

      Adaptable office space in growing Franklin market, convenient location.
      130 Fairway Lakes Drive, Franklin, IN 46131
      View Details
    • Contact for pricing
      64,480 SF

      Franklin Industrial Space with Rail Access

      64,480 SF industrial space with expansion capabilities and rail access.
      800 Industrial Dr, Franklin, IN
      View Details

    FAQs

    What type of property is this?
    Manufacturing property - 22,996 SF industrial building on 1.54 acres for sale.
    Where is this manufacturing property located?
    The property is located at 225 Industrial DR Franklin, IN.
    What is the asking price?
    The asking price for this property is $1,286,000.
    What are key features of this property?
    This property features: 22,996 SF building on 1.54 acres; Zoned IG (industrial general); **Features 7 drive‑ins, including one impressive 16' tall drive‑in**
    (317) 507-9875
    We can help!
    Listing Contact
    Brian Dell
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!