Turnkey Medical Office
950 W JEFFERSON ST Franklin, IN 46131
For Sale
Contact for pricing
Move-in-ready medical/office space with central HVAC, two entrances, and an unfinished basement for storage or future buildout.
Property Size3,000 SF
Price / SF$158.33
Days on Market75
Property Features for 950 W JEFFERSON ST
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1949
Listing Agency:
Horizon Property Group
Listed By:
Derrick Christy · License #IN
Source:
Crexi
Added: May 12
Changed: Jul 23
Last Checked: Jul 24 at 11:32AM
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 Horizon Property Group
Investment Insights
Based on property information with market context.
This turnkey medical/office property totals approximately 3,000 square feet, including 1,724 square feet on the main level and an additional 1,276 square feet in an unfinished basement. The main level is configured with five private offices, a reception area with a fireplace, a kitchen/laboratory with storage, and a full bathroom with a shower. Two entrances provide convenient access, and the property also includes central heating and A/C. Additional amenities include a covered front porch and a one-car attached garage.
Located at 950 W Jefferson St in Franklin, IN, the building is described as being near Johnson Memorial Health and Downtown Franklin, in a highly accessible commercial corridor.
The unfinished basement is suitable for storage today and can support expansion or future buildout, while the existing layout is designed to accommodate medical, wellness, or professional office operations that require immediate occupancy.
Located at 950 W Jefferson St in Franklin, IN, the building is described as being near Johnson Memorial Health and Downtown Franklin, in a highly accessible commercial corridor.
The unfinished basement is suitable for storage today and can support expansion or future buildout, while the existing layout is designed to accommodate medical, wellness, or professional office operations that require immediate occupancy.
Key Highlights
- Approximately 3,000 SF medical/office space: 1,724 SF main level plus 1,276 SF unfinished basement
- Configured for office use with five private offices and a reception area with fireplace
- Kitchen/laboratory with storage and a full bathroom with shower
Financial Insights For Office B
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 | $59.4k | $19.80 |
| − Vacancy | −$8.9k | −$2.97 |
| EGI | $50.5k | $16.83 |
| − OpEx | −$12.6k | −$4.21 |
| NOI | $37.9k | $12.62 |
3,000 SF · lease $19.80/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$541.0K
$473.4K – $631.1K
NOI $37,868 @ 7.0% cap · market cap 7.97%
Second Best
Healthcare Medical
$510.9K
$447.1K – $596.1K
NOI $35,764 @ 7.0% cap · market cap 7.53%
Theoretical Best
Office A
$756.0K
$661.5K – $882.0K
NOI $52,920 @ 7.0% cap · market cap 11.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
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- Bargersville animal clinic Franklin Indiana — in-135, franklin, in 46131
FAQs
What type of property is this?
Medical Office Space - Move-in-ready medical/office space with central HVAC, two entrances, and an unfinished basement for storage or future buildout.
Where is this medical office space located?
The property is located at 950 W JEFFERSON ST Franklin, IN.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Approximately 3,000 SF medical/office space: 1,724 SF main level plus 1,276 SF unfinished basement; Configured for office use with five private offices and a reception area with fireplace; Kitchen/laboratory with storage and a full bathroom with shower
