Technical
Financial
Distress signals
Property profile

218 Cincinnati St Franklin, IN 46131

OFF-MARKET
Industrial properties
Property ID
US31-0287452
1,486 SF 0.32 ac lot Built 1951
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 5,038 square foot industrial property, situated on a 0.32-acre lot in downtown Franklin, Indiana, presents a fantastic opportunity for a growing business. The building boasts ample office space, adaptable to a variety of business needs. Recent upgrades include a new HVAC system and hot water tank, ensuring efficient and comfortable operation. A modern bathroom is also included. The substantial warehouse area features two gas heaters, providing reliable warmth, and excellent lighting throughout. A large overhead door facilitates easy loading and unloading of goods. The current owner has invested in significant improvements, creating a well-maintained and functional space. With over 5,000 square feet of versatile space, this property is ideal for a wide range of businesses seeking a prominent downtown location. The combination of office and warehouse space, coupled with the recent upgrades, makes this an attractive and ready-to-occupy commercial property. Its central location in Franklin offers excellent accessibility and visibility. This is a rare opportunity to acquire a well-maintained, upgraded industrial space in a thriving downtown area. The property is priced competitively at $450,000, reflecting its value and potential. Don't miss out on this chance to establish or expand your business in a prime Franklin location.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1951
Construction WOOD
Total area 1,486 SF
Lot 0.32 ac (14,026 SF)
APN 41-08-14-013-113.000-009
UPID US31-0287452

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
  • Building Supply Construction Company

Location

218 Cincinnati St Franklin, IN 46131-1413
Franklin metro Census 611000 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$180k

Owner & transaction history

since 2025
Last sale
$400,000
6 recorded transactions
2025
$400,000
2023
Price N/A
2022
$185,000
2018
Price N/A
2017
Price N/A
2016
$55,000

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 218 Cincinnati St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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