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    Property profile & analytics

    1031 2nd St Franklin, OH 45005-1765

    • Drive through restaurants
    • 1,560 SF
    • 0.21 lot acres
    OFF-MARKET
    Value Estimation
    $245,000
    Location Intelligence
    Property ID
    US66-2293103
    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

    • Lee's Famous Recipe Chicken / Chicken Restaurant / Fast Food Restaurant

    Property Details for 1031 2nd St

    Year built
    1969
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.21 lot acres
    Property size
    1,560 SF
    Property type
    Drive through restaurants
    APN
    04-26-332-026-0
    APU
    4263320260

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $255,000

    • CAP approach

      CAP return
      Estimation
      6%
      $210,000
      6.5%
      $185,000
      7%
      $185,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $175,000
      Geo Method
      $185,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $225,000
      Retail
      $195,000
      Mixed-Use
      $225,000
      Hospitality
      $170,000
      Educational
      $215,000
      Residential Income
      $190,000
      Energy
      $175,000
      Income-Based Land
      $220,000
      Food Service
      $190,000

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Warren
    State
    Ohio
    Longitude
    -84.2843
    Latitude
    39.5644
    CBSA code
    17140
    CBSA name
    CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN 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
    $3,073
    $19,110
    $30,520
    $49,630
    -
    $54,600
    $87,200
    $141,800

    Comparable in this City

    • Value Estimation by Request
      3,606 SF

      3570 Commerce Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,606 SF
      3570 Commerce Dr, Middletown, OH 45005-5231
      View Details
    • Value Estimation
      $245,000
      464 SF

      12 6th St

      DRIVE-THRU RESTAURANT, FAST FOOD • 464 SF
      12 6th St, Franklin, OH 45005-2703
      View Details
    • Value Estimation
      $455,000
      4,337 SF

      6810 Rte 123

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,337 SF
      6810 Rte 123, Franklin, OH 45005
      View Details
    • Value Estimation
      $440,000
      5,205 SF

      1425 2nd St

      DRIVE-THRU RESTAURANT, FAST FOOD • 5,205 SF
      1425 2nd St, Franklin, OH 45005-1838
      View Details
    • Value Estimation
      $425,000
      5,510 SF

      8210 Claude Thomas Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 5,510 SF
      8210 Claude Thomas Rd, Franklin, OH 45005
      View Details
    • Value Estimation
      $420,000
      3,606 SF

      3570 Commerce Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,606 SF
      3570 Commerce Dr, Middletown, OH 45005-5231
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4.10 Acres

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      Land Suitable for Development

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      Modern Office Building For Sale

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    Similar Nearby for Lease

    • $2,300 /Mo
      1,188 SF

      Retail Space Under Construction

      Future retail space suitable for shop, restaurant, or coffee shop.
      449 S Main St, Franklin, OH 45005
      View Details
    • $1,100 /Mo
      1,600 SF

      Retail Space in Historical Franklin

      Retail space available in the New Downtown Historical Franklin.
      513-515 S Main St, Franklin, OH 45005
      View Details
    • $8 SF/Yr
      44,700 SF

      Carlisle Center Retail Space

      Prime Carlisle retail, 2 spaces available
      500 Central Ave, Franklin, OH 45005
      View Details
    • Contact for pricing
      1 SF

      Kohl's Pad Site, Middletown, OH

      Prime Retail Pad, 1 Acre, Middletown
      6825 Roosevelt Ave, Middletown, OH 45005
      View Details
    • Contact for pricing
      12,970 SF

      Former CVS Building For Lease

      12,970 SF building suitable for office or retail use.
      3445 Union Rd, Franklin, OH 45005
      View Details
    • $1,900 /Mo
      2,244 SF

      Downtown Franklin Retail/Office Space

      Spacious retail or office space in historic downtown Franklin, Ohio.
      431-439 S Main St, Franklin, OH 45005
      View Details
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    1031 2nd St
    Franklin, OH 45005-1765
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    Realmo Value Estimation

    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.

    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.

    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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