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1038 15th St Franklin, PA 16323-2109

OFF-MARKET Warehouses Google Maps
2.82 ac lot
Entity Owned 17-yr Hold Free & Clear
Estimated value (blended)
$275k
Range $248k – $303k (±10%)
Property ID US73-3421232

Property summary

AI-generated overview

This exceptional 12,350-square-foot industrial warehouse, located at 1038 15th Street in Franklin, Pennsylvania, presents a unique investment opportunity. Classified as a Class B property, this single-tenant building boasts a flexible design suitable for warehouse, distribution, or flex space uses, as reflected in its B-1 zoning. Constructed in 1966, the building is surprisingly well-maintained and features radiant heat, energy-efficient LED lighting, and superior insulation, contributing to significant operational cost savings. The property offers more than adequate parking for employees and clients. Access is facilitated by conveniently located overhead doors. The building's impressive 597-foot frontage provides excellent visibility and accessibility. The building's history as a former armory speaks to its robust construction and enduring quality. A security deposit will be determined upon negotiation. The property's CO-INDEX is 26,007-003-000. This is a must-see property for discerning investors seeking a well-maintained, functional industrial space in a prime Franklin location. The property is situated on a single story, offering ease of access and efficient workflow.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Lot 2.82 ac (122,839 SF)
APN 26,007.-003..-000
UPID US73-3421232

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2008
2 recorded transactions
2008
$260,000
2005
$235,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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