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Property profile & analytics
OFF-MARKET
Drive through restaurants
1079 Morton St Franklin, IN 46131-1212
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US31-1144479
Property summary
AI-generated overview
This exceptional 0.52-acre commercial lot presents a remarkable opportunity for investors and developers. Located at 1079 N Morton St in Franklin, Indiana (Johnson County, zip code 46131), this property boasts a prime location, situated conveniently behind a Burger King, ensuring high visibility and accessibility. The lot's size offers ample space for a variety of commercial ventures, making it particularly well-suited for storage facilities, given its proximity to a high-traffic area. The property's APN is 41-08-14-022-042.000-009. Its strategic location within Franklin, Indiana, provides easy access to major roadways and a thriving community. This vacant lot represents a blank canvas for a successful commercial development, offering significant potential for return on investment. The property is classified as commercial land and is ready for immediate development. The coordinates are 39.4913344 latitude and -86.0636735 longitude. Don't miss this chance to acquire a highly desirable commercial lot in a rapidly growing area. Serious inquiries only.
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1992
Construction
TYPE NOT SPECIFIED
Total area
3,598 SF
Lot
1 ac (43,560 SF)
APN
41-08-14-022-040.000-009
UPID
US31-1144479
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Piotrowski Development LLC · 12 yrs held
Piotrowski Development LLC
since 2014
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Franklin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Franklin submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$21,058
Tax year 2023
Assessed value
$726,900
Assessed 2023
Previous assessed
$726,900
+0.0% YoY
Effective rate
2.90%
On assessed value
Assessed land
$224,500
Assessed improvement
$502,400
Land market value
$224,500
Improvement market value
$502,400
Total market value
$726,900
Applied tax rate
9.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1992
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
3,598 SF
Lot
1 ac (43,560 SF)
APN
41-08-14-022-040.000-009
UPID
US31-1144479
Jurisdiction
JOHNSON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1992
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
1 ac
Current owner
From public records · entity-resolved
Piotrowski Development LLC
Entity
Mailing address
4567 PROGRESS DR, COLUMBUS, IN 47201-8819
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 7, 2014
—
Piotrowski Development LLC
Mwm Partnership
Warranty Deed
$1,000,000 · First Financial Bank NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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