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Financial
Distress signals
Property profile

2299 N Morton St Franklin, IN 46131

FOR SALE
Turn key restaurants
Property ID
US31-0854628
5,856 SF 1.58 ac lot Built 2006
Last sale Apr 2024 · $36,200
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon

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?
$35k
Tax billed · 2023
Assessed value$1.21M
Assessed land$374k
Assessed improvement$841k
Effective rate2.90%

Value estimate

· Oct 2026
$595k
$536k – $655k
Submarket $/SF estimate$595k
NOI build-up
Gross scheduled income$100k
Vacancy & credit loss−$5k
Operating expenses−$24k
NOI · 2.81% cap applied$71k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
2.81%
$71k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

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: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency23.5
Law Firm18.9
Building Supply13.7

Location

2299 N Morton St Franklin, IN 46131
County assessor Recorded deeds · 4 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 · 11 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2389 Morton, Franklin, IN 46131-9629 $26,800 Nov 2024 5,113 SF
49 Ct, Franklin, IN 46131-2303 $825,000 May 2024 7,517 SF
2330 Morton, Franklin, IN 46131-9737 $9,800 Mar 2024 6,438 SF
700 Morton, Franklin, IN 46131-1377 $23,400 Jan 2024 4,982 SF
2199 Morton, Franklin, IN 46131-9624 $17,300 Oct 2022 4,970 SF
51 Monroe, Franklin, IN 46131-2314 $550,000 Jul 2022 5,154 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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