Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    765 Industrial N Byp Franklin, KY 42134-5263
    Back to Search
    Property profile & analytics

    765 Industrial N Byp, Franklin, KY 42134-5263

    View on Map
    • Industrial properties
    • 20,000 SF
    • 9.06 lot acres
    Off-Market
    Property ID
    US34-1072553
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Charles Deweese Construction Inc. / Construction Company

    Property Details for 765 Industrial N Byp

    Year built
    1990
    Lot size
    9.06 lot acres
    Property type
    Industrial properties
    APN
    006-00-02-001.01
    APU
    6000200101

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 23, 2023 $1,075,000 Csr Bg Investments LLC Mark R Little Chapter 7 Bankruptcy Special Warranty Deed —
    May 23, 2022 — Charles Deweese Construction INC — Deed · related $1M · Franklin Bank & Trust Co

    Description

    This exceptional 20,000-square-foot flex/warehouse building in Franklin, KY, presents a compelling investment opportunity. Located at 765 Industrial Bypass, this single-story, Class B property sits on a generous 9.065-acre lot zoned I2 - Heavy Industrial. Built in 1990, the building boasts a 14-foot ceiling height and features approximately 10,000 square feet of existing office space and 10,000 square feet of open flex space, adaptable to various needs. Two dock-high doors provide convenient access to the rear flex area. The steel frame construction allows for flexible configuration; internal walls can be removed to create a large, open warehouse space, or the space can be easily divided to suit specific requirements. The property's former use as an operations center for Charles Deweese Construction, Inc. speaks to its robust construction and suitability for a variety of industrial uses. Priced at $1,595,000 ($79.75/sq ft), this vacant property offers significant potential for immediate occupancy and customization. Its prime location in Simpson County, KY, and ample acreage provide room for expansion or future development. This is an ideal opportunity for businesses seeking a versatile and well-located industrial space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Simpson
    State
    Kentucky
    Longitude
    -86.5657
    Latitude
    36.7471

    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
    $6,983
    $0.00
    $0.00
    $750,000
    -
    $0.00
    $0.00
    $750,000

    Comparable in this City

    • Value Estimation by Request
      363,552 SF

      326 Page Dr

      INDUSTRIAL (GENERAL)
      326 Page Dr, Franklin, KY 42134-6242
      View Details
    • Value Estimation by Request
      137,500 SF

      4720 Bowling Grn Rd

      INDUSTRIAL (GENERAL)
      4720 Bowling Grn Rd, Franklin, KY 42134-7621
      View Details
    • Value Estimation by Request
      200,000 SF

      624 Page Dr

      INDUSTRIAL (GENERAL)
      624 Page Dr, Franklin, KY 42134-6254
      View Details
    • Value Estimation by Request
      36,000 SF

      200 Harding Rd

      INDUSTRIAL (GENERAL)
      200 Harding Rd, Franklin, KY 42134-2303
      View Details
    • Value Estimation
      $775,000
      13,500 SF

      818 Blackjack Rd

      INDUSTRIAL (GENERAL)
      818 Blackjack Rd, Franklin, KY 42134-1062
      View Details
    • Value Estimation by Request
      13,440 SF

      1871 Industrial N Byp

      INDUSTRIAL (GENERAL)
      1871 Industrial N Byp, Franklin, KY 42134-5272
      View Details

    Similar Nearby for Sale

    • $1,750,000
      13.97 Acres

      Franklin Industrial Land and Buildings

      13.96 acres of industrial land with buildings for sale.
      4395 Witt Rd, Franklin, KY 42134
      View Details
    • Contact for pricing
      250,000 SF

      Franklin Warehouse with Expansion Potential

      250,000 SF warehouse on 34.23 acres with expansion opportunities.
      81 Page Dr, Franklin, KY 42134
      View Details
    • Contact for pricing

      Multi-Purpose Building Near I-65

      Flex space ready for build out near I-65.
      26 Trotters Ln, Franklin, KY 42134
      View Details
    • Contact for pricing

      Expansive Industrial Land Holding

      Three parcels totaling approximately 154 acres of industrial land.
      Bowling Green Rd, Franklin, KY 42134
      View Details
    • $374,900
      1.03 Acres

      Zoned B-2 Commercial Development Land

      Buildable commercial lot with B-2 zoning and road frontage, positioned for a future business site in Franklin, KY.
      832 N Main St, Franklin, KY 42134
      View Details
    • $900,000
      3.66 Acres

      Corner Lot Commercial Development Land

      Zoned Commercial B-4, this corner lot offers broad road frontage for commercial development near I-65 access.
      62 Sommerville Rd, Franklin, KY 42134
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      250,000 SF

      Franklin Warehouse with Ample Docking

      250,000 SF warehouse with office space for lease.
      81 Page Dr, Franklin, KY 42134
      View Details
    • $90 SF/Yr
      240,323 SF

      Franklin KY Warehouse - 240,323 SF

      Large Kentucky warehouse space available.
      4720 Bowling Green Rd, Franklin, KY 42134
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail property available for lease in Franklin, Kentucky.
      224 South Main St, Franklin, KY 42134
      View Details
    • Contact for pricing

      Prime Retail Space in Franklin

      Versatile storefront with high visibility in Franklin, Kentucky.
      520 N Main St, Franklin, KY 42134
      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.
    765 Industrial N Byp
    Franklin, KY 42134-5263
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    765 Industrial N Byp, Franklin, KY, 42134
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!