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    Commerce Pkwy Franklin, IN 46131
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    Commerce Pkwy, Franklin, IN 46131

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    • Warehouses
    • 509,600 SF
    • 35.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 0 Commerce Pkwy

    Year built
    2025
    Lot size
    35.00 lot acres
    Property type
    Warehouses
    Property subtype
    Refrigerated & Cold Storage

    Description

    This exceptional 509,600-square-foot Class A industrial facility, situated on 35 acres in Franklin Business Park, offers unparalleled opportunities for sale or lease. Built in 2025, this single-story building boasts a 40-foot ceiling height, 105 loading docks, four drive-ins, and ample parking for 508 vehicles. The property features robust power infrastructure, providing 40 MW of 3-phase power, making it ideal for various uses. Its zoning (IL Light Industrial) allows for light industrial assembly, processing, distribution, and even data center operations. The strategic location, just two miles from I-65 and twelve miles from I-69, offers convenient access to major transportation arteries, including proximity to the FedEx Express World Hub-Indianapolis. The property's location in Franklin, Indiana (zip code 46131), benefits from a skilled workforce, with Ivy Tech and Franklin College nearby. Employees will appreciate the access to extensive trail systems and the vibrant downtown area. The property is situated at the intersection of Commerce Parkway and Arvin Road, offering excellent visibility and accessibility. The building's address is Commerce Pkwy, Franklin, IN 46131. This shovel-ready site presents a unique investment opportunity in a thriving submarket.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Johnson
    State
    Indiana
    Longitude
    -86.0508
    Latitude
    39.5012

    Comparable in this City

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      1,012,440 SF

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      3,264 SF

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      Jefferson St

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      2,592 SF

      1050 Eastview Dr

      STORAGE YARD, OPEN STORAGE
      1050 Eastview Dr, Franklin, IN 46131
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    • Value Estimation
      $1,285,000
      15,000 SF

      2165 Earlywood Dr

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      2165 Earlywood Dr, Franklin, IN 46131-8879
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    • $900,000
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    • $12,000,000

      Franklin Industrial Hub Warehouse Space

      178,060 SF manufacturing and warehouse space on 32.6 acres.
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    Similar Nearby for Lease

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      178,060 SF

      Commerce Parkway Industrial

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      808,505 SF

      Franklin Industrial Space For Lease

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      Franklin Flex Space Opportunity

      Versatile 12,000 SF flex space in Franklin, Indiana.
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      434,150 SF

      Franklin Warehouse and Distribution Space

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    • $15 SF/Yr

      New Industrial Space in Franklin

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    Franklin, IN 46131
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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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