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    Property profile & analytics

    421 Msn Ln Franklin, OH 45005-2327

    • Assisted living facilities
    • 30,629 SF
    • 5.57 lot acres
    OFF-MARKET
    Value Estimation
    $805,000
    Location Intelligence
    Property ID
    US66-1235086
    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.

    Current Use by Public Records

    • Premier Therapy / Physical Therapist
    • Momentous Health at Franklin / Nursing Home
    • KIRK ELLIS SMITH / Family Practice Physician

    Property Details for 421 Msn Ln

    Year built
    1976
    Construction
    CONCRETE
    Lot size
    5.57 lot acres
    Property size
    30,629 SF
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    04-31-276-032-0
    APU
    4312760320

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $740,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,060,000
      6.5%
      $920,000
      7%
      $915,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,090,000
      Geo Method
      $1,005,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,120,000
      Retail
      $1,100,000
      Mixed-Use
      $860,000
      Hospitality
      $835,000
      Educational
      $1,060,000
      Residential Income
      $855,000
      Energy
      $850,000
      Income-Based Land
      $935,000
      Food Service
      $1,030,000

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Warren
    State
    Ohio
    Longitude
    -84.2948
    Latitude
    39.5551
    CBSA code
    17140
    CBSA name
    CINCINNATI-MIDDLETOWN, OH-KY-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
    $46,026
    $163,818
    $579,530
    $743,348
    -
    $468,050
    $1,655,800
    $2,123,850

    Comparable in this City

    • Value Estimation
      $230,000
      5,038 SF

      25 3rd St

      HOMES (RETIRED, NURSING) • 5,038 SF
      25 3rd St, Franklin, OH 45005
      View Details
    • Value Estimation by Request
      27,062 SF

      401 Atrium Dr

      MEDICAL BUILDING • 27,062 SF
      401 Atrium Dr, Middletown, OH 45005-5169
      View Details
    • Value Estimation
      $355,000
      2,948 SF

      3606 Commerce Dr

      MEDICAL BUILDING • 2,948 SF
      3606 Commerce Dr, Middletown, OH 45005-5228
      View Details
    • Value Estimation by Request
      103,175 SF

      200 Medical Ctr Dr

      Medical offices • 103,175 SF
      200 Medical Ctr Dr, Middletown, OH 45005
      View Details
    • Value Estimation by Request

      5999 Oh-122

      Land
      5999 Oh-122, Middletown, OH 45005
      View Details
    • Value Estimation by Request
      4.10 Acres

      Commerce Center Dr

      Land • 4.10 Acres
      0 Commerce Center Dr, Franklin, OH 45005
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,145 SF

      Medical Office Space Available

      6145 SF medical office space for sale.
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    • Contact for pricing
      4.10 Acres

      Heritage Business Park Land

      Franklin, OH: Prime Commercial/Industrial Land
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    • Contact for pricing
      6.05 Acres

      North Pointe Commerce Center Land

      Prime I-75 Ohio land, ideal for development.
      0 Un Rd, Carlisle, OH 45005
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    • Contact for pricing
      6.00 Acres

      Franklin Springs Industrial Land

      Ohio Industrial Land: Build-to-Suit Available
      0 Shotwell Dr, Franklin, OH 45005
      View Details
    • $907,500

      Land Suitable for Development

      Land suitable for corporate, industrial, medical, and R&D uses.
      Union Rd, Franklin, OH 45005
      View Details
    • $1,456,000
      11,315 SF

      Modern Office Building For Sale

      Prime office building built in 2009 near Atrium Medical Center.
      5900 Long Meadow Dr, Franklin, OH 45005
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      31,860 SF

      Atrium Medical Office Space, Middletown OH

      Modern Medical Office Suites Available Now
      100 Campus Loop Rd, Middletown, OH 45005
      View Details
    • Contact for pricing
      1 SF

      Kohl's Pad Site, Middletown, OH

      Prime Retail Pad, 1 Acre, Middletown
      6825 Roosevelt Ave, Middletown, OH 45005
      View Details
    • Contact for pricing

      Land Ready for Development

      10 acres available for lease near I-75 in Franklin.
      1000 Commerce Center Dr, Franklin, OH 45005
      View Details
    • Contact for pricing
      12,970 SF

      Former CVS Building For Lease

      12,970 SF building suitable for office or retail use.
      3445 Union Rd, Franklin, OH 45005
      View Details
    • $1,900 /Mo
      2,244 SF

      Downtown Franklin Retail/Office Space

      Spacious retail or office space in historic downtown Franklin, Ohio.
      431-439 S Main St, Franklin, OH 45005
      View Details
    • Contact for pricing
      31,799 SF

      Middletown Retail Pad Site

      High-traffic, build-to-suit opportunity
      6780 Roosevelt Ave, Middletown, OH 45005
      View Details
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    421 Msn Ln
    Franklin, OH 45005-2327
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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