Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    9050 Carothers Pkwy Franklin, TN 37067

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $42 SF/Yr ($5,250 /Mo)

    Retail space available for lease on Carothers Parkway.

    Property size:
    1,500 SF
    Lot size:
    2.62 Acres

    Property Features for 9050 Carothers Pkwy

    General Information

    Size
    1,500 SF
    Lot size
    2.62 Acres

    We can help!

    Listing Contact
    Trey Kirby
    Trey Kirby
    Source: Moodyscre

    Listing Agent: Trey Kirby

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Retail Space on Carothers Parkway

    This retail space, located on Carothers Parkway in Franklin, Tennessee, offers 1,500 square feet of space suitable for retail purposes. The property is an individual retail property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Synovus Mortgage Corporation Mortgage Lender A & B Restoration Roofing Contractor MI Kitchen Tapas Restaurant Dr. Christopher Boles Chiropractor Kumar Aesthetics Institute Medical Spa

    Suggested Use

    Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Daycare Center Realty agency Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Williamson
    State
    Tennessee
    Longitude
    -86.8019608
    Latitude
    35.9573836

    Nearby Similar for Lease

    • Contact for pricing
      3,898 SF

      Vibrant Office Space in Franklin

      Located in Meridian Cool Springs, a mixed-use development.
      1000 Corporate Centre Dr, Franklin, TN 37067
      View Details
    • Contact for pricing
      1,960 SF

      Vibrant Office Space in Franklin

      Mixed-use development with office, retail, restaurants, and hotels.
      501 Corporate Centre Dr, Franklin, TN 37067
      View Details
    • Contact for pricing
      5,260 SF

      Vibrant Office Space in Franklin

      Mixed-use development with offices, retail, restaurants, and hotels.
      5000 Meridian Blvd, Franklin, TN 37067
      View Details
    • Contact for pricing
      27,148 SF

      Vibrant Office Space in Franklin

      Mixed-use development with offices, retail, restaurants, and hotels.
      3000 Meridian Blvd, Franklin, TN 37067
      View Details
    • Contact for pricing
      3,166 SF

      Vibrant Office Space in Franklin

      60-acre mixed-use development with office, retail, and hotel options.
      2555 Meridian Blvd, Franklin, TN 37067
      View Details
    • Contact for pricing
      2,461 SF

      Retail Space in Franklin, TN

      Retail space for lease in a high-traffic Franklin corridor.
      1319 Murfreesboro Rd, Franklin, TN 37064
      View Details
    • $11,570 /Mo

      Historic Commercial Space in Franklin

      Versatile commercial space in a historic downtown Franklin landmark.
      137 3Rd Ave N, Franklin, TN 37064
      View Details
    • Contact for pricing
      4,555 SF

      Highwoods Office Park Space Available

      Office space in a corporate campus with amenities.
      6840 Carothers Pkwy, Franklin, TN 37067
      View Details
    • Contact for pricing

      Retail Outparcel in Cool Springs

      Located in a super-regional mixed-use trade area near major retailers.
      300 Spring Creek Dr, Franklin, TN 37067
      View Details
    • Contact for pricing
      13,037 SF

      End-Cap Office with Natural Light

      Office space with abundant natural light and direct exterior access.
      405 Duke Dr, Franklin, TN 37067
      View Details
    • Contact for pricing
      16,470 SF

      Class A Office Building

      Class A office building with modern design and superior connectivity.
      3401 Mallory Ln, Franklin, TN 37067
      View Details
    • Contact for pricing

      Retail Space in Affluent Market

      Prime retail location in Cool Springs/Franklin submarket.
      37067 Usa, Franklin, TN 37067
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available for lease on Carothers Parkway.
    Where is this retail space located?
    The property is located at 9050 Carothers Pkwy Franklin, TN.
    What is the lease rate?
    The lease rate is $42 SF/Yr.
    What are key features of this property?
    This property features: - Retail space available for lease; - Located on Carothers Parkway
    (615) 496-1296
    Request Owner's contact information
    9050 Carothers Pkwy Franklin, TN 37067
    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.
    9050 Carothers Pkwy
    Franklin, TN 37067
    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
    9050 Carothers Pkwy Franklin, TN 37067
    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

    We can help!
    Listing Contact
    Trey Kirby
    Trey Kirby
    (615) 496-1296
    Learn more
    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.