Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    10 Franklin St Huntington, IN 46750-2643
    Back to Search
    Property profile & analytics

    10 Franklin St Huntington, IN 46750-2643

    View on Map
    • Parking lots & garages
    • 0.05 lot acres
    Off-Market
    Property ID
    US31-2836494
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Parking lots & garages

    Property Details for 10 Franklin St

    Year built
    1950
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.05 lot acres
    Property type
    Parking lots & garages
    APN
    35-05-15-400-133.000-005
    APU
    350515400133000005

    Description

    This exceptional three-story commercial building, located at 10 W Franklin Street in Huntington, Indiana, presents a unique investment opportunity. Situated on a 0.19-acre lot on State Road 5, directly across from the Huntington County Courthouse, this property enjoys high visibility and accessibility. The main level boasts a spacious open lobby, six private offices, two impressive vaults, and separate men's and women's restrooms. Two staircases and a passenger elevator provide convenient access to the upper floors. The second floor offers four additional offices, a reception area, three conference rooms, storage space, and another set of men's and women's restrooms. The third floor, previously configured as a dental office, is currently used for storage. The basement provides further storage and two more vaults. The property includes eight deeded parking spaces directly in front, supplemented by ample municipal parking nearby. Significant recent improvements include new furnaces installed in 2018 for the main and second floors, and a brand-new roof completed in 2023. The building is available for purchase at $480,000, and individual office spaces or combinations thereof are also available for lease. This property is ideal for a variety of commercial uses and represents a strong investment in a thriving downtown location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Huntington
    County
    Huntington
    State
    Indiana
    Longitude
    -85.4943
    Latitude
    40.8808
    CBSA code
    26540
    CBSA name
    HUNTINGTON, IN MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $189
    $5,500
    $800
    $6,300
    -
    $5,500
    $800
    $6,300

    Comparable in this City

    • Value Estimation by Request
      0.12 Acres

      Ww Park Dr

      PARKING LOT • 0.12 Acres
      Ww Park Dr, Huntington, IN 46750
      View Details
    • Value Estimation by Request
      1.05 Acres

      State St

      PARKING LOT • 1.05 Acres
      State St, Huntington, IN 46750
      View Details
    • Value Estimation by Request
      0.10 Acres

      Warren St

      PARKING LOT • 0.10 Acres
      Warren St, Huntington, IN 46750
      View Details
    • Value Estimation by Request
      0.08 Acres

      1 Parkmoor Dr

      PARKING LOT • 0.08 Acres
      1 Parkmoor Dr, Huntington, IN 46750-1345
      View Details
    • Value Estimation by Request
      0.16 Acres

      338 Washington St

      PARKING LOT • 0.16 Acres
      338 Washington St, Huntington, IN 46750-2729
      View Details
    • Value Estimation by Request
      0.13 Acres

      Ww Park Dr

      PARKING LOT • 0.13 Acres
      Ww Park Dr, Huntington, IN 46750
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,798 SF

      Former Gas Station with Lifts

      Corner building, previously a gas station, now with U-Haul lease.
      602 S Jefferson St, Huntington, IN 46750
      View Details
    • Contact for pricing
      34,412 SF

      Established Floral Shop with Transit

      Thriving floral shop with equipment, inventory, and delivery vehicle.
      2807 Theater Ave, Huntington, IN 46750
      View Details
    • $85,000

      Huntington Retail Space - $85k

      Prime Downtown Huntington storefront; ideal for various businesses.
      7 Market St, Huntington, IN 46750
      View Details
    • Contact for pricing
      4,745 SF

      Restaurant Property For Sale

      Restaurant property for sale, currently occupied by Applebee's.
      346 Hauenstein Rd, Huntington, IN 46750
      View Details
    • $150,000
      2,702 SF

      Spacious Commercial Property in Huntington

      2,702 sq.ft. commercial property in prime location.
      5 E Market St, Huntington, IN 46750
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,000 SF

      Retail Space in Huntington

      Retail space available for lease in Huntington, Indiana.
      2092 N Jefferson St, Huntington, IN 46750
      View Details
    • $650 /Mo
      650 SF

      Office/Showroom Space in Huntington, IN

      Prime location near downtown with parking and natural light.
      232 E Washington St, Huntington, IN 46750
      View Details
    • $6 SF/Yr
      1,207 SF

      Retail Space Near Downtown Huntington

      Retail spaces available with high visibility and flexible lease terms.
      240 S Jefferson St, Huntington, IN 46750
      View Details
    • Contact for pricing
      40,000 SF

      Retail Space in Huntington Redevelopment

      Retail space available in a redeveloped Huntington shopping center.
      2727 Guilford St, Huntington, IN 46750
      View Details
    • $400 /Mo
      115 SF

      Downtown Huntington Office Space

      Prime office space in downtown Huntington, Indiana.
      10 W Franklin Ste 105 St, Huntington, IN 46750
      View Details
    • Contact for pricing

      74,400 SF Industrial Space

      Industrial space for lease with office and warehouse components.
      1230 Sabine St, Huntington, IN 46750
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    10 Franklin St
    Huntington, IN 46750-2643
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    10 Franklin St, Huntington, IN, 46750
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!