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Property profile & analytics
OFF-MARKET
Estimated value
$320,000
Other industrial land
2700 Franklin Rd Indianapolis, IN 46219-1343
Entity Owned
4-yr Hold
Free & Clear
Property ID
US31-0385392
Property summary
AI-generated overview
The property is an approximately 11.11-acre parcel in Marion County configured for industrial development. It is zoned I-2 and is suitable for a range of industrial and commercial uses, including potential owner-user, development, or investment uses. The site provides access from Franklin Road and is located near Post Road and I-70, supporting connectivity to Indianapolis and regional transportation corridors. The parcel is currently vacant and includes approximately 11 usable acres, offering flexibility for multiple development concepts, including phased planning. Terrain is generally level and wooded, which can support efficient site layout while preserving options for staged development. Utilities—electric, water, and sewer—are available in close proximity, and municipal sewer availability is noted, which can reduce infrastructure requirements for development. The site is positioned to support industrial, logistics, or light manufacturing uses based on zoning, access, and utility availability.
Property profile
Verified
Property type
Other industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
11.11 ac (484,082 SF)
Zoning code
ZO01
APN
49-07-25-111-010.000-770
UPID
US31-0385392
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
$320k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$320k
Owner & transaction history
Franklin Warehousing INC · 4 yrs held
Franklin Warehousing INC
since 2021
1 recorded transaction
Zoning & alternative use
ZO01 · Indianapolis, IN
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 Indianapolis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Indianapolis 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
Method
Estimation
Statistic approach
by Request
ML approach
$320,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$320k
Range $288k – $352k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
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
$16,060
Tax year 2023
Assessed value
$559,100
Assessed 2023
Previous assessed
$559,100
+0.0% YoY
Effective rate
2.87%
On assessed value
Assessed land
$559,100
Land market value
$559,100
Total market value
$559,100
Applied tax rate
770.0000
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
Other industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Lot
11.11 ac (484,082 SF)
Zoning code
ZO01
APN
49-07-25-111-010.000-770
UPID
US31-0385392
Jurisdiction
MARION
Zoning & alternative use
ZO01 · Indianapolis, INZoning ZO01 · permitted uses
ZO01 · Indianapolis, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Heating
NONE
Lot
11.11 ac
Current owner
From public records · entity-resolved
Franklin Warehousing INC
Entity
Free & Clear · 4 yrs held
Mailing address
10425 STONEGATE DR, FISHERS, IN 46040-9432
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2021
—
Franklin Warehousing INC
Ramon L Van Sickle
Warranty Deed
—
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.
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