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    900 Blinn Ave Frankfort, IN 46041

    • Commercial real estate
    • 15.89 lot acres
    For Sale
    View listing
    $1,247,365
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-2245440
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 900 Blinn Ave

    Lot size
    15.89 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 15.89-acre industrial land parcel, situated at 900 Blinn Ave, Frankfort, IN 46041, presents a unique investment opportunity. Located within the Frankfort Industrial Park, this property boasts I-1 zoning, permitting a wide array of industrial uses, including outdoor storage and operations involving powders, liquids, or pumpable products. The site benefits from direct rail access via Norfolk Southern, providing significant logistical advantages. Its strategic location offers convenient access to key transportation networks and logistical hubs. Furthermore, the property enjoys proximity to significant regional economic centers, being just 25 minutes from Lebanon's LEAP District and approximately 40 minutes from Purdue University's Discovery Park District in West Lafayette. All utilities are available on-site. The asking price for this prime industrial land is $1,247,365. This property is ideal for businesses seeking efficient transportation, ample space, and access to a thriving industrial ecosystem. Clinton County location offers a strong foundation for growth and expansion.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Frankfort
    County
    Clinton
    State
    Indiana
    Longitude
    -86.534290416322
    Latitude
    40.28558919436

    Comparable in this City

    • $3,542,325
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      Frankfort Industrial Land - Rail Access

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    • $349,900
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      Frankfort Mixed-Use Investment

      6,017 SF, 2-unit building, high potential.
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      0.75 Acres

      Frankfort, IN Outlot: Prime Retail Space

      High-traffic location, 0.75-acre outlot.
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      Commercial Land Outlot Opportunity

      Outlot opportunity on main corridor near established retailers.
      2401 E Wabash St, Frankfort, IN 46041
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    • $65,000
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      Residential Land in Frankfort, IN

      0.29-acre residential lot with city utilities in Frankfort, Indiana.
      845 Sunrise Dr, Frankfort, IN 46041
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    • $65,000
      0.29 Acres

      Residential Lot in Frankfort, IN

      0.29-acre residential lot with city utilities in a prime location.
      851 Sunrise Dr, Frankfort, IN 46041
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    Similar Nearby for Sale

    • $3,542,325
      47.23 Acres

      Frankfort Industrial Land - Rail Access

      47 Acres, I-1 Zoning, Rail Served
      0 County Road 375, Frankfort, IN 46041
      View Details
    • $349,900
      6,017 SF

      Frankfort Mixed-Use Investment

      6,017 SF, 2-unit building, high potential.
      408 Washington St, Frankfort, IN 46041
      View Details
    • $65,000
      0.29 Acres

      Residential Land in Frankfort, IN

      0.29-acre residential lot with city utilities in Frankfort, IN.
      829 Sunrise Dr, Frankfort, IN 46041
      View Details
    • $65,000
      0.32 Acres

      Residential Land in Frankfort, Indiana

      0.32-acre residential lot with city utilities in a prime location.
      813 Sunrise Dr, Frankfort, IN 46041
      View Details
    • Contact for pricing
      0.75 Acres

      Frankfort, IN Outlot: Prime Retail Space

      High-traffic location, 0.75-acre outlot.
      2401 Wabash St, Frankfort, IN 46041
      View Details
    • Contact for pricing

      Commercial Land Outlot Opportunity

      Outlot opportunity on main corridor near established retailers.
      2401 E Wabash St, Frankfort, IN 46041
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      489,600 SF

      Industrial Building Available for Lease

      Industrial building with 195,000 - 1,194,000 SF available for lease.
      6479 W County Road 200 S, Frankfort, IN 46041
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    • Contact for pricing
      761,600 SF

      Industrial Building Available for Lease

      Industrial building with 195,000 - 1,194,000 SF available for lease.
      County Road 300 S, Frankfort, IN 46041
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    • $15 SF/Yr
      1,600 SF

      Retail Space with High Visibility

      Retail space with high visibility and ample parking available.
      2472-2488 E Wabash St, Frankfort, IN 46041
      View Details
    • $650 /Mo
      750 SF

      Office Space For Rent

      Office space available for rent, great location and value.
      5 S Main St, Frankfort, IN 46041
      View Details
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    900 Blinn Ave
    Frankfort, IN 46041
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    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
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