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Property profile & analytics
FOR LEASE
Office Spaces

2150 N Morton St Franklin, IN 46131

10,184 SF 2.62 ac lot Built 2022
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US31-2940703
Property summary
AI-generated overview

Hubler Marketplace presents a unique retail investment opportunity in the thriving Franklin, Indiana market. This new retail development offers immediate visibility and accessibility, boasting a prime location fronting US Highway 31. Currently under construction, the development features one available space totaling 1,600 square feet, ideal for a variety of retail uses. Furthermore, a 0.92-acre outlot is available on Simon Road, providing an exceptional opportunity for additional development or expansion. The property benefits from its strategic placement adjacent to a new 195,000 square foot Meijer store, and across the street from a Walmart Supercenter and Lowe's, ensuring high foot traffic and brand recognition. Panera Bread and Noodles & Company are also slated to join this burgeoning commercial center. A frontage road is planned for construction, providing convenient access to the Hubler Marketplace from Hubler Ford. This heavily trafficked commercial corridor sees nearly 30,000 vehicles per day, offering unparalleled exposure for businesses seeking a strong presence in this rapidly growing area. The total land area encompasses 2.3 acres, providing ample space for current and future development. This is an exceptional chance to establish a business in a high-demand location with significant growth potential. The available space is part of a larger development, ensuring a vibrant and successful commercial environment.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 2022
Construction WOOD
Total area 10,184 SF
Lot 2.62 ac (113,953 SF)
APN 41-08-10-013-121.000-009
UPID US31-2940703
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.62M
Comparable Approach Comparable
$1.40M
Blend (final) Blend
$1.39M
Owner & transaction history
Bdh Realty LLC · 6 yrs held
Bdh Realty LLC
since 2019
2 recorded transactions
2022
Price N/A
2019
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $1.4M +48.7%
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