225 Industrial Dr Franklin, IN 46131
Property Lookup
Property profile & analytics
225 Industrial Dr Franklin, IN 46131
- Manufacturing properties
- 24,077 SF
- 1.54 lot acres
Property ID
US31-0475470
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Manufacturing properties
Property Details for 225 Industrial Dr
- Year built
- 1965
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 1.54 lot acres
- Property size
- 24,077 SF
- Property type
- Manufacturing properties
- APN
- 41-08-03-042-053.000-009
- APU
- 410803042053000009
Description
This exceptional 23,000-square-foot industrial flex space, located at 225 Industrial Dr, Franklin, IN 46131, presents a compelling investment opportunity. The property, built in 1965 and extensively renovated in 2022, sits on a 1.54-acre lot and boasts six dock-high doors. Currently operating at 100% occupancy under a single-tenant, triple-net (NNN) lease, this asset offers a strong 7.41% capitalization rate. The asking price is $1,278,644, translating to $55.60 per square foot. The current rent is significantly below market average, presenting potential for future rental income growth. The tenant, a regional headquarters for MER, recently invested over $100,000 in building improvements, demonstrating a long-term commitment. The property enjoys a convenient location, approximately five miles from I-65, benefiting from the significant development and population growth within Johnson County, Indiana. This is a rare opportunity to acquire a well-maintained, high-performing industrial property in a thriving market. The property features one building.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Franklin
- County
- Johnson
- State
- Indiana
- Longitude
- -86.0706
- Latitude
- 39.5137
- CBSA code
- 26900
- CBSA name
- INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$13,581
$106,600
$362,200
$468,800
-
$106,600
$362,200
$468,800
