Entity Owned 
For Lease
$34,325,000
500 Bartram Pkwy, Franklin, IN 46131
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Property summary
AI-generated overview
Franklin Tech Park offers a prime 275,000-square-foot industrial warehouse space available for sublease in Franklin, Indiana. This single-building property, located at 500 Bartram Pkwy, 46131, is ideal for various industrial uses including warehouse, distribution, and manufacturing. The space is fully vacant and offers flexible lease terms with a minimum divisible space of 50,000 square feet and a maximum contiguous space of 275,000 square feet. The building boasts a 32-foot ceiling height, providing ample vertical storage capacity. Loading and unloading are facilitated by 25 dock-high doors and one drive-in door (12' x 14'). The building's dimensions are approximately 670 feet deep by 1200 feet wide, with a typical bay spacing of 50 feet by 50 feet. The property also features LED lighting and ample parking for cars and trailers. Mechanical levelers with a 35,000 lb capacity are available. This Johnson County location provides excellent access to transportation networks.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2009
Construction
TYPE NOT SPECIFIED
Total area
806,916 SF
Lot
42.56 ac (1,853,914 SF)
APN
41-07-19-011-002.000-018
UPID
US31-1101354
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Warehouse & Storage
-
Construction Company General Contractor
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$47.36M
Blend (final)
Blend
$34.33M
Owner & transaction history
since 2022
4 recorded transactions
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$34.33M
Value range
$30.89M – $37.76M
±10% around blend
Estimated value / SF
$43 / SF
Confidence
Property data
88
Market benchmarks
33
Comparable evidence
60
$30.89M
blend $34.33M
$37.76M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
806,916 SF
Lot area
42.56 ac
Year built
2009
Stories
1
APN
41-07-19-011-002.000-018
Assessed value
$23,747,500
Annual tax
$687,941
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$47.36M
Range $47.36M – $133.87M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$34.33M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 26 sales
$93
-54%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $43/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$23.75M
Move the market yield to see immediate price impact.
Value / SF
$29
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$1.50M
$29.92M
$21.37M
$16.62M
$1.66M
$33.25M
$23.75M
$18.47M
$1.83M
$36.57M
$26.12M
$20.32M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$687,941
Tax year 2023
Assessed value
$23,747,500
Assessed 2023
Previous assessed
$23,747,500
+0.0% YoY
Effective rate
2.90%
On assessed value
Assessed land
$3,330,200
Assessed improvement
$20,417,300
Land market value
$3,330,200
Improvement market value
$20,417,300
Total market value
$23,747,500
Applied tax rate
18.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
2009
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
806,916 SF
Lot
42.56 ac (1,853,914 SF)
APN
41-07-19-011-002.000-018
UPID
US31-1101354
Jurisdiction
JOHNSON
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Building & site characteristics
From public records
Year built
2009
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
42.56 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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