3065 R J PkwyFranklin, IN 46131

Property Details for 3065 R J Pkwy

Year built

1998

Construction

TYPE NOT SPECIFIED

Lot size

1.98 AC

Property size (Sq ft)

7,000 SF

Property type

Commercial real estate

APN

41-08-02-012-008.000-009

APU

410802012008000009

Description

This versatile 7,000-square-foot flex building in Franklin, Indiana, presents a unique investment opportunity for owner-users. Situated on nearly two acres, this Class B property boasts 5,000 square feet of warehouse space and 2,000 square feet of modern office space. The office area includes a reception area, conference room, training room, kitchen, and two restrooms. A spacious mezzanine provides additional storage or workspace. Built in 1998, the warehouse features 18-foot ceilings, two 14-foot drive-in doors with automatic overhead doors, and 3-phase power. The property includes 11 parking spaces and separate meters allowing for potential division into two tenant spaces. Additional ground behind the building provides ample space for equipment parking and semi-truck turnarounds. The permitted zoning is IBD. This property is ideal for a variety of businesses, including those in HVAC, roofing, and plumbing. The asking price is $975,000. The property consists of one building with two units.

• CAP approach

  CAP return

  Valuation

  6%

  $978,613

  6.5%

  $903,335

  7%

  $838,811

• Comparable approach

  Method

  Valuation

  Relative Method

  $602,560

  Geo Method

  $602,560

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,003,840

  Retail / Commercial

  $983,437

  Mixed-Use / Specialty

  $945,163

  Hospitality / Lodging

  $648,169

  Office

  $903,335

  Institutional / Educational

  $970,163

  Residential Income

  $1,135,090

  Multifamily

  $1,554,110

  Automotive / Energy

  $831,568

  Parking / Income-Based Land

  $321,314

  Restaurant / Food Service

  $417,385

  Healthcare / Senior Housing

  $1,004,900

Location Insight

City

Franklin

County

Johnson

State

Indiana

Latitude

39.5196

Longitude

-86.0535

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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