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    Property profile & analytics

    1485 Franklin Pl Ct Franklin, IN 46131-5016

    • Hotels
    • 2,516 SF
    • 7.87 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Dec 31, 2024
    Location Intelligence
    Property ID
    US31-0952005
    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

    • Hotels

    Property Details for 1485 Franklin Pl Ct

    Year built
    1999
    Construction
    WOOD
    Lot size
    7.87 lot acres
    Property size
    2,516 SF
    Property type
    Hotels
    Property subtype
    Motels
    APN
    41-08-10-043-016.002-009
    APU
    410810043016002009

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Johnson
    State
    Indiana
    Longitude
    -86.0705
    Latitude
    39.4945
    CBSA code
    26900
    CBSA name
    INDIANAPOLIS-CARMEL-ANDERSON, 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
    $124,901
    $564,000
    $5,048,700
    $5,612,700
    -
    $564,000
    $5,048,700
    $5,612,700

    Comparable in this City

    • Value Estimation
      $2,510,000
      20,844 SF

      150 Lovers Ln

      HOTEL/MOTEL • 20,844 SF
      150 Lovers Ln, Franklin, IN 46131-7921
      View Details
    • Value Estimation by Request
      66,906 SF

      361 Paris Dr

      HOTEL/MOTEL • 66,906 SF
      361 Paris Dr, Franklin, IN 46131-7343
      View Details
    • Value Estimation
      $2,500,000
      34,036 SF

      2122 Holiday Ln

      HOTEL/MOTEL • 34,036 SF
      2122 Holiday Ln, Franklin, IN 46131-2600
      View Details
    • Value Estimation
      $360,000
      7,110 SF

      5351 Us Hwy 31

      HOTEL/MOTEL • 7,110 SF
      5351 Us Hwy 31, Franklin, IN 46131-8194
      View Details
    • Value Estimation by Request
      2,777 SF

      2094 Pelican Dr

      HOTEL/MOTEL • 2,777 SF
      2094 Pelican Dr, Franklin, IN 46131-7940
      View Details
    • Value Estimation
      $355,000
      8,715 SF

      501 Morton St

      HOTEL/MOTEL • 8,715 SF
      501 Morton St, Franklin, IN 46131-8905
      View Details

    Similar Nearby for Sale

    • $3,200,000
      21,840 SF

      Hotel/Motel Dual-Brand Investment Opportunity

      Two established hotel brands with 88 rooms and shared amenities.
      188 Umbarger Ln, Franklin, IN 46131
      View Details
    • $3,000,000
      34,036 SF

      Franklin Hotel/Motel Investment Opportunity

      Operating 67-room motel near I-65 in Franklin, Indiana.
      2122 Holiday Ln, Franklin, IN 46131
      View Details
    • $1,450,000
      3.50 Acres

      Franklin Commercial Land Opportunity

      3.5 Acres, Prime Location, High Visibility
      1760 Thornburg Ln, Franklin, IN 46131
      View Details
    • $300,000
      728 SF

      Franklin Office Building - 1 Acre

      Prime Office Space, High Visibility, Investment Potential
      4171 State Road 135, Franklin, IN 46131
      View Details
    • $699,000
      2,730 SF

      Prime Franklin Office Building

      I-65 Frontage, High Visibility, Lease in Place
      2134 Holiday Ln, Franklin, IN 46131
      View Details
    • Contact for pricing
      0.52 Acres

      Franklin Commercial Land - Prime Location

      High-traffic .52-acre lot, ideal for retail.
      1079 Morton St, Franklin, IN 46131
      View Details

    Similar Nearby for Lease

    • $1,700 /Mo
      2,896 SF

      Modern Flex Space For Lease

      Newly constructed flex space in Franklin, Indiana, available immediately.
      920 W 100 N, Franklin, IN 46131
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space Near Meijer

      New retail development with 1,600 SF available for lease.
      2156-2182 N Morton St, Franklin, IN 46131
      View Details
    • Contact for pricing
      7,030 SF

      Retail Space Near US 31

      Retail space available for lease near Tractor Supply and Aldi.
      1540 N Morton St, Franklin, IN 46131
      View Details
    • Contact for pricing
      32,000 SF

      Retail Space in Franklin, Indiana

      Up to 32,000 SF available in Franklin, Indiana.
      31 S & Commerce Dr, Franklin, IN 46131
      View Details
    • $1,700 /Mo
      2,896 SF

      Modern Flex Space in Franklin

      Newly constructed flex space suitable for various business uses.
      920 W 100 N, Franklin, IN 46131
      View Details
    • Contact for pricing
      1,600 SF

      Hubler Marketplace Retail Opportunity

      Prime Franklin, IN retail space available.
      2150 Morton St, Franklin, IN 46131
      View Details
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    Franklin, IN 46131-5016
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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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