Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    506 State St Franklin, IN 46131-2559

    • Commercial land
    • 2,190 SF
    • 0.29 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    May 12, 2020
    Location Intelligence
    Property ID
    US31-1152493
    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

    • Commercial land

    Property Details for 506 State St

    Lot size
    0.29 lot acres
    Property size
    2,190 SF
    Property type
    Commercial land
    APN
    41-08-23-014-092.000-009
    APU
    410823014092000009

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Johnson
    State
    Indiana
    Longitude
    -86.0456
    Latitude
    39.4745
    CBSA code
    26900
    CBSA name
    INDIANAPOLIS-CARMEL-ANDERSON, 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
    $281
    $9,700
    $0.00
    $9,700
    -
    $9,700
    $0.00
    $9,700

    Comparable in this City

    • Value Estimation by Request
      0.90 Acres

      3076 Morton St

      VACANT COMMERCIAL LAND • 0.90 Acres
      3076 Morton St, Franklin, IN 46131-8887
      View Details
    • Value Estimation by Request
      4.31 Acres

      Morton St

      VACANT COMMERCIAL LAND • 4.31 Acres
      Morton St, Franklin, IN 46131
      View Details
    • Value Estimation by Request
      1.05 Acres

      1760 Thornburg Ln

      VACANT COMMERCIAL LAND • 1.05 Acres
      1760 Thornburg Ln, Franklin, IN 46131-7275
      View Details
    • Value Estimation by Request
      0.39 Acres

      601 Banta St

      VACANT COMMERCIAL LAND • 0.39 Acres
      601 Banta St, Franklin, IN 46131-1666
      View Details
    • Value Estimation by Request
      0.94 Acres

      Commerce Dr

      VACANT COMMERCIAL LAND • 0.94 Acres
      Commerce Dr, Franklin, IN 46131
      View Details
    • Value Estimation by Request
      0.06 Acres

      799 Jefferson St

      VACANT COMMERCIAL LAND • 0.06 Acres
      799 Jefferson St, Franklin, IN 46131-2753
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land for Mixed-Use Development

      Land available for mixed-use development with flexible lot sizes.
      Us Highway 31, Franklin, IN 46131
      View Details
    • $1,450,000

      Franklin Commercial Development Land For Sale

      Prime commercial land with mixed-use zoning in rapidly growing area.
      1760 Thornburg Ln, Franklin, IN 46131
      View Details
    • Contact for pricing

      Commercial Land Near Retail Corridor

      Land suitable for redevelopment near major retailers.
      2048 N Morton St, Franklin, IN 46131
      View Details
    • $2,595,000

      Prime Corner Location Land

      Corner lot in Franklin Tech Park with high visibility.
      E State Road 44, Franklin, IN 46131
      View Details
    • $6,000,000
      80.00 Acres

      Prime Franklin Industrial Land

      80 Acres, $6M, Excellent Location
      2754 County Rd 300, Franklin, IN 46131
      View Details
    • $159,900
      2.00 Acres

      2 Acre Lot Near Franklin

      Two acre lot near downtown Franklin, ready for your dream home.
      03 S 100 W, Franklin, IN 46131
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land Available For Rent

      Commercial land available for rent in Franklin, Indiana.
      Commerce Dr, Franklin, IN 46131
      View Details
    • $4 SF/Yr
      1,119,696 SF

      I-65 South Commerce Park

      Build-to-suit sites available in I-65 South Commerce Park.
      5081 E 100 N, Franklin, IN 46131
      View Details
    • Contact for pricing
      1,600 SF

      Hubler Marketplace Retail Opportunity

      Prime Franklin, IN retail space available.
      2150 Morton St, Franklin, IN 46131
      View Details
    • Contact for pricing
      4,370 SF

      Franklin Retail & Land Opportunity

      Prime Franklin location, retail space & land lease.
      100 Morton St, Franklin, IN 46131
      View Details
    • Contact for pricing
      700,992 SF

      I-65 South Commerce Park

      Build-to-suit and speculative construction sites available for lease.
      N 500 E & SR 44, Franklin, IN 46131
      View Details
    • Contact for pricing
      3,436 SF

      Franklin Professional Park Offices

      Medical & Executive Suites Available
      1140 Jefferson St, Franklin, IN 46131
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    506 State St
    Franklin, IN 46131-2559
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.