Financial
Distress signals
Property profile

159 Cincinnati St Franklin, IN 46131

FOR SALE
Retail space
Property ID
US31-0631540
6,094 SF 1.33 ac lot Built 1932
Last sale Jan 2015 · $150,000
Individually Owned Owner of record is an individual. 11-yr Hold Held for 11 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A flexible industrial property configured to support multiple uses, including manufacturing, warehousing, distribution, and flex space. The site includes both interior workspace and outdoor storage areas, with truck maneuvering space and on-site parking to accommodate day-to-day logistics. The property is located about half a mile from Franklin City Hall and approximately half a mile from the courthouse square, providing nearby access to local restaurants and retail. It offers convenient

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$7k
Tax billed · 2023
Assessed value$227k
Assessed land$77k
Assessed improvement$150k
Effective rate2.90%

Value estimate

· Sep 2026
$290k
$261k – $319k
Submarket $/SF estimate$619k
NOI build-up
Gross scheduled income$91k
Vacancy & credit loss−$8k
Operating expenses−$29k
NOI · 7.24% cap applied$54k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$140/SF
County average, outlier-cleaned · 32 recorded sales of this use type
Observed band · Q1–Q3$65 – $198

Cap rate analysis

How does the asset earn?
7.24%
$54k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionJOHNSON

Location intelligence

Which uses thrive at this corner?
Best fit: Garden Center
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Garden Center9.5
HVAC Service9.3
Carpet & Flooring Store9.0

Location

159 Cincinnati St Franklin, IN 46131
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 11 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2389 Morton, Franklin, IN 46131-9629 $26,800 Nov 2024 5,113 SF
49 Ct, Franklin, IN 46131-2303 $825,000 May 2024 7,517 SF
50 Branigin, Franklin, IN 46131-9701 $17,400 Mar 2024 3,819 SF
2199 Morton, Franklin, IN 46131-9624 $17,300 Oct 2022 4,970 SF
51 Monroe, Franklin, IN 46131-2314 $550,000 Jul 2022 5,154 SF
301 Westview, Franklin, IN 46131-1035 $360,000 May 2020 6,900 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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