Property profile

4677 State Rd 135 Franklin, IN 46131

OFF-MARKET
Retail space
Property ID
US31-0502538
2,688 SF 0.39 ac lot Built 1985
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 2,688 square foot freestanding retail building is situated on a 0.39-acre lot in Franklin, Indiana, a rapidly expanding area of Johnson County. Boasting 95 feet of road frontage on State Road 135, this property benefits from an estimated 13,700+ vehicles passing daily, according to INDOT data. The building's versatile layout presents numerous possibilities for a variety of retail businesses. Previous uses include a beauty salon, auto parts store, and car lot, demonstrating its adaptability. An added advantage is the inclusion of an overhead door at the rear of the structure, enhancing logistical flexibility. The property's high visibility and substantial traffic flow make it an ideal location for businesses seeking maximum exposure. This is a rare opportunity to acquire a well-positioned retail space in a thriving market. Note that an adjacent building is also available for purchase (BLC# 21908238). Priced at $599,900, this property offers significant potential for growth and return on investment.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1985
Construction WOOD
Total area 2,688 SF
Lot 0.39 ac (16,945 SF)
APN 41-04-25-023-007.003-039
UPID US31-0502538

Cap rate & NOI

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

Location

4677 State Rd 135 Franklin, IN 46131-8377
Franklin metro Census 610705 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
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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

since 2025
1 recorded transaction
2025
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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