Property profile

400 Forsythe St Franklin, IN 46131

OFF-MARKET
Warehouses
Property ID
US31-1277955
104,686 SF 11.36 ac lot Built 1930
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 9,500 square foot warehouse space is immediately available for lease in Franklin, Johnson County, within the Indianapolis submarket. Located at 400 N Forsythe St, this unit is part of a larger multi-tenant industrial building totaling 104,416 square feet. The space features a 14-foot drive-in door and boasts an impressive 18-foot clear height, providing ample room for storage and maneuvering of goods. High-efficiency T-8 lighting illuminates the entire space, ensuring optimal working conditions. The property is zoned IG (industrial general), offering flexibility for a variety of industrial uses. An added benefit is the potential for outside storage, expanding your operational capabilities. A build-to-suit office is available for occupancy starting April 1, 2024. This prime location in the thriving Indianapolis market offers excellent access to major transportation routes, making it an ideal choice for businesses seeking efficient logistics and distribution. Don't miss this opportunity to secure a well-appointed warehouse space in a desirable location. Contact us today to schedule a viewing and explore the possibilities.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1930
Construction TYPE NOT SPECIFIED
Total area 104,686 SF
Lot 11.36 ac (494,667 SF)
APN 41-08-13-023-094.000-009
UPID US31-1277955

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

400 Forsythe St Franklin, IN 46131-1558
Franklin metro Census 611000 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.76M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.43M
Blend (final) Blend
$2.61M

Owner & transaction history

since 2023
Last sale
$2.7M
2 recorded transactions
2023
$2.7M
2006
Price N/A

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
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