3065 R J Pkwy Franklin, IN 46131-7335
This versatile 7,000-square-foot flex building in Franklin, Indiana, presents a unique investment opportunity for owner-users. Situated on nearly two acres, this Class B property boasts 5,000 square feet of warehouse space and 2,000 square feet of modern office space. The office area includes a reception area, conference room, training room, kitchen, and two restrooms. A spacious mezzanine provides additional storage or workspace. Built in 1998, the warehouse features 18-foot ceilings, two 14-foot drive-in doors with automatic overhead doors, and 3-phase power. The property includes 11 parking spaces and separate meters allowing for potential division into two tenant spaces. Additional ground behind the building provides ample space for equipment parking and semi-truck turnarounds. The permitted zoning is IBD. This property is ideal for a variety of businesses, including those in HVAC, roofing, and plumbing. The asking price is $975,000. The property consists of one building with two units.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.