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Property profile & analytics
FOR SALE
Industrial properties
2000 Commerce Center Dr Franklin, OH 45005
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-4286338
For Sale
1 / 2
Contact for pricing
2000 Commerce Center Dr, Franklin, OH 45005
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2003
Construction
CONCRETE
Total area
18,285 SF
Lot
20.29 ac (883,745 SF)
APN
04-20-101-011-0
UPID
US66-4286338
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
Current use
Occupant on record · Public records
-
Burrows Packaging, A Novolex Brand Industrial Manufacturer Production Facility
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
Burrows Paper Corporation · 3 yrs held
Burrows Paper Corporation
since 2023
Last sale
$24.8M
6 recorded transactions
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
$502,117
Tax year 2023
Assessed value
$8,109,444
Assessed 2023
Previous assessed
$2,136,519
+279.6% YoY
Effective rate
6.19%
On assessed value
Assessed land
$284,039
Assessed improvement
$7,825,405
Land market value
$811,540
Improvement market value
$22,358,300
Total market value
$23,169,840
Applied tax rate
21.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Sale
Year built
2003
Construction
CONCRETE
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Total area
18,285 SF
Lot
20.29 ac (883,745 SF)
APN
04-20-101-011-0
UPID
US66-4286338
Jurisdiction
WARREN
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
2003
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
20.29 ac
Current owner
From public records · entity-resolved
Burrows Paper Corporation
Entity
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 26, 2023
—
Nm Nvlx LP
—
Deed
related
$125,000,000 · Goldman Sachs Bank USA
Feb 17, 2023
—
Burrows Paper Corporation
Nm Nvlx LP
Lease
—
Feb 17, 2023
$24,781,050
Nm Nvlx LP
Burrows Paper Corporation
Limited Warranty Deed
—
Sep 8, 2022
—
Burrows Paper Corporation
—
Deed
related
$8,000,000 · Wilmington Trust NA
Apr 21, 2017
—
Burrows Paper Corp
—
Grant Deed
related
—
Dec 14, 2016
—
Burrows Paper Corp
Dayton-montgomery County Port
Warranty Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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