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Financial
Distress signals
Property profile

400 Forsythe St Franklin, IN 46131

OFF-MARKET
Warehouses
Property ID
US31-1277955
104,686 SF 11.36 ac lot Built 1930
Last sale Oct 2023 · $2,650,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 9,500 square foot warehouse space is immediately available for lease in Franklin, Johnson County, within the Indianapolis submarket. Located at 400 N Forsythe St, this unit is part of a larger multi-tenant industrial building totaling 104,416 square feet. The space features a 14-foot drive-in door and boasts an impressive 18-foot clear height, providing ample room for storage and maneuvering of goods. High-efficiency T-8 lighting illuminates the entire space, ensuring…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$48k
Tax billed · 2023
Assessed value$1.65M
Assessed land$538k
Assessed improvement$1.11M
Effective rate2.90%

Value estimate

· Oct 2026
$2.61M
$2.34M – $2.87M
AI approach$2.76M
Submarket $/SF estimate$2.43M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$93/SF
County average, outlier-cleaned · 26 recorded sales of this use type
Observed band · Q1–Q3$59 – $166

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionJOHNSON

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop17.4
Restaurant17.0
Realty agency16.5

Location

400 Forsythe St Franklin, IN 46131-1558
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
295 Industrial, Franklin, IN 46131-9609 $1,600,000 Dec 2023 20,400 SF
1441 Amy, Franklin, IN 46131-1491 $450,000 Jun 2023 7,371 SF
551 Earlywood, Franklin, IN 46131-9712 $1,700,000 May 2023 66,375 SF
215 Industrial, Franklin, IN 46131-9609 $1,200,000 Nov 2021 10,779 SF
1670 Amy, Franklin, IN 46131-1562 $1,200,000 Nov 2021 11,600 SF
400 International, Franklin, IN 46131-9647 $290,000 Oct 2020 7,008 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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