Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1551 Amy Ln Franklin, IN 46131-1561

    • Industrial properties
    • 9,600 SF
    • 1.04 lot acres
    OFF-MARKET
    Value Estimation
    $55,000
    Last Sale
    Feb 18, 2020
    $48,500
    Location Intelligence
    Property ID
    US31-0862760
    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

    • Industrial properties

    Property Details for 1551 Amy Ln

    Year built
    2022
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.04 lot acres
    Property size
    9,600 SF
    Property type
    Industrial properties
    APN
    41-08-12-033-006.011-018
    APU
    410812033006011018

    Description

    This exceptional investment opportunity presents a 9,600-square-foot light industrial flex building situated on a 1.04-acre lot in Franklin, Indiana. Constructed in 2022, the Class B property boasts a single-story design with 26 parking spaces. Currently housing four tenants, this multi-tenant building offers a net rentable area of 2,400 square feet per unit. The building features an impressive 18-foot ceiling height, ideal for various industrial and flex uses. Its zoning designation is Industrial Light, providing flexibility for a range of businesses. The property's prime location near Interstate 65 ensures convenient access to major transportation routes, a significant advantage in today's competitive market. With zero loading docks, this property is well-suited for businesses with minimal shipping and receiving needs. The asking price for this exceptional investment is $1,950,000. This represents a rare opportunity to acquire a well-maintained, high-demand property in a thriving location. The current occupancy rate presents immediate income potential, while the strategic location and flexible space ensure long-term value and growth. Don't miss this chance to secure a valuable asset in the dynamic Franklin, Indiana market.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $55,000

    • CAP approach

      CAP return
      Estimation
      6%
      $60,000
      6.5%
      $60,000
      7%
      $60,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $60,000
      Geo Method
      $60,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $50,000
      Retail
      $55,000
      Mixed-Use
      $60,000
      Hospitality
      $50,000
      Educational
      $60,000
      Residential Income
      $55,000
      Energy
      $55,000
      Income-Based Land
      $55,000
      Food Service
      $50,000

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Johnson
    State
    Indiana
    Longitude
    -86.0439
    Latitude
    39.4955
    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
    $30,623
    $83,500
    $973,600
    $1,057,100
    -
    $83,500
    $973,600
    $1,057,100

    Comparable in this City

    • Value Estimation by Request
      27,392 SF

      2575 Morton St

      INDUSTRIAL (GENERAL) • 27,392 SF
      2575 Morton St, Franklin, IN 46131-8886
      View Details
    • Value Estimation by Request
      35.93 Acres

      Graham Rd

      Land • 35.93 Acres
      0 Graham Rd, Franklin, IN 46131
      View Details
    • Value Estimation
      $275,000
      1.59 Acres

      699 Earlywood Dr

      INDUSTRIAL (GENERAL) • 1.59 Acres
      699 Earlywood Dr, Franklin, IN 46131-9715
      View Details
    • Value Estimation by Request
      509,600 SF

      Commerce Pkwy

      Refrigerated & Cold Storages • 509,600 SF
      0 Commerce Pkwy, Franklin, IN 46131
      View Details
    • Value Estimation by Request
      1,012,440 SF

      Arvin Dr

      Refrigerated & Cold Storages • 1,012,440 SF
      0 Arvin Dr, Franklin, IN 46131
      View Details
    • Value Estimation by Request
      3,264 SF

      4707 In-135

      Automotive properties • 3,264 SF
      4707 In-135, Franklin, IN 46131
      View Details

    Similar Nearby for Sale

    • $6,000,000
      80.00 Acres

      Prime Franklin Industrial Land

      80 Acres, $6M, Excellent Location
      2754 County Rd 300, Franklin, IN 46131
      View Details
    • $12,000,000
      178,060 SF

      Franklin, IN Industrial Property

      178,060 SF Warehouse, $12M
      1450 Commerce Pkwy, Franklin, IN 46131
      View Details
    • Contact for pricing
      42.00 Acres

      Franklin Industrial Land: 42 Acres

      Prime industrial land, ready to build.
      0 County Rd 525, Franklin, IN 46131
      View Details
    • $450,000
      5,038 SF

      Franklin Industrial Space - Huge Potential

      Downtown Franklin, 5000+ sq ft warehouse
      218 Cincinnati St, Franklin, IN 46131
      View Details
    • Contact for pricing
      35.14 Acres

      Franklin Industrial Land - 35 Acres

      Prime Industrial Land: Ready to Develop in Franklin, IN
      3113 Graham Rd, Franklin, IN 46131
      View Details
    • Contact for pricing
      29.93 Acres

      Franklin Tech Park Development Site

      29.93-acre industrial land, prime location.
      525 E & 50, 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
    • $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
      700,992 SF

      I-65 South Commerce Park

      Build-to-suit and speculative construction sites available for lease.
      N 500 E & SR 44, Franklin, IN 46131
      View Details
    • Contact for pricing
      178,060 SF

      Commerce Parkway Industrial

      178,060 SF Manufacturing/Warehouse
      1450 Commerce Pkwy, Franklin, IN 46131
      View Details
    • Contact for pricing
      275,000 SF

      Franklin Tech Park Warehouse Space

      Modern industrial warehouse, flexible lease options.
      500 Bartram Pkwy, Franklin, IN 46131
      View Details
    • Contact for pricing
      64,480 SF

      Franklin Industrial Space with Rail Access

      64,480 SF industrial space with expansion capabilities and rail access.
      800 Industrial Dr, Franklin, IN 46131
      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.
    1551 Amy Ln
    Franklin, IN 46131-1561
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.