Property profile

215 Industrial Dr Franklin, IN 46131

OFF-MARKET
Warehouses
Property ID
US31-0641431
10,779 SF 0.94 ac lot Built 2004
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Warehouses
Use group STORAGE YARD, OPEN STORAGE
Year built 2004
Construction WOOD
Total area 10,779 SF
Lot 0.94 ac (40,733 SF)
APN 41-08-03-042-054.001-009
UPID US31-0641431

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hardware & Home Improvement Production Facility
  • Home Appliance Store

Location

215 Industrial Dr Franklin, IN 46131-9609
Franklin metro Census 610802 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.17M
CAP Approach CAP
$900k
Comparable Approach Comparable
$908k
Blend (final) Blend
$1.21M

Owner & transaction history

since 2021
Last sale
$1.2M
5 recorded transactions
2021
$1.2M
2020
$1.0M
2020
Price N/A
2009
Price N/A
2009
Price N/A

Zoning & alternative use

Top alternative use upside
Retail stores $1.5M +50.1%
Commercial (general) $1.0M +0.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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