Add Listing
    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

    415 Duke Dr Franklin, TN 37067

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Single-story office buildings with direct exterior access and ample parking.

    Property size:
    8,091 SF
    Lot size:
    6.02 Acres

    Property Features for 415 Duke Dr

    General Information

    Size
    8,091 SF
    Lot size
    6.02 Acres

    We can help!

    Listing Contact
    Chris Grear, Ccim, Sior
    Source: Moodyscre

    Listing Agency: Colliers | Nashville Listing Agent: Chris Grear, Ccim, Sior

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

    Learn more

    Property Insight Report

    Overview

    Single-Story Office with Exterior Access

    Aspen Grove Corporate Center features four single-story office buildings situated at the intersection of Aspen Grove Drive and Seaboard Lane. The buildings are located on approximately 6 acres each, providing ample parking. The suites benefit from abundant natural light due to expansive glass and offer direct exterior access. The finished ceiling height is between 9 and 10 feet. Telecom providers include Level 3 Communications, XO Communications, and Telecom of TN. The location provides convenient access to Interstate-65 via Cool Springs Boulevard and is in close proximity to restaurants, retail, and hospitality. This makes Aspen Grove Corporate Center an ideal location for office users in the service industries, healthcare, or technology.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Franklin School of Performing ... Training Center FedEx Drop Box Postal Service Haven Dance - Main Training Center BenefitMall Accounting Firm

    Suggested Use

    Restaurant Law Firm Building Supply Dental Office Real Estate Agency Big Box & Wholesale Store Spa & Massage Center Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Williamson
    State
    Tennessee
    Longitude
    -86.8331964
    Latitude
    35.9501879

    Nearby Similar for Lease

    • New
      Contact for pricing

      Spaces Mallory

      Workspaces, services and support to help you grow your business in Spaces Mallory
      3401 Mallory Ln, Franklin, TN 37067
      View Details
    • Contact for pricing

      TN, Franklin - Hospitality Dr

      Discover many ways to work your way in TN, Franklin - Hospitality Dr
      6200 Hospitality Dr, Franklin, TN 37067
      View Details
    • New
      Contact for pricing

      Meridian Cool Springs

      Discover many ways to work your way in Meridian Cool Springs
      2550 Meridian Blvd, Franklin, TN 37067
      View Details
    • New
      Contact for pricing

      Cool Springs III

      Discover many ways to work your way in Cool Springs III
      725 Cool Springs Blvd, 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
    • $2,500 /Mo

      Move-In Ready Cool Springs Office

      Office space in Cool Springs area with ample parking.
      106 Mission Ct, Franklin, TN 37067
      View Details
    • Contact for pricing

      Restaurant Space with Patio Available

      End-cap restaurant space with patio in neighborhood retail center.
      330 Mayfield Dr, 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
      350,000 SF

      Office Space in Mixed-Use Development

      Office space for rent in mixed-use development with amenities.
      Mcewen Dr, Franklin, TN 37067
      View Details
    • Contact for pricing

      Manufacturing Building Near I-65

      65,000 SF manufacturing building for lease near I-65.
      147 Seaboard Ln, Franklin, TN 37067
      View Details
    • Contact for pricing

      Historic Commercial Space in Franklin

      Versatile commercial space in a historic downtown Franklin landmark.
      137 3Rd Ave N, Franklin, TN 37064
      View Details

    FAQs

    What type of property is this?
    Office building - Single-story office buildings with direct exterior access and ample parking.
    Where is this office building located?
    The property is located at 415 Duke Dr Franklin, TN.
    What are key features of this property?
    This property features: - Convenient access to Interstate-65 via Cool Springs Boulevard.; - Close proximity to restaurants, retail, and hospitality.; - Ample parking (4/1,000 SF).
    (615) 512-7569 Call to check price and availability
    Request Owner's contact information
    415 Duke Dr 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.
    415 Duke Dr
    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
    415 Duke Dr 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!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Chris Grear, Ccim, Sior
    (615) 512-7569 (615) 850-2700 (615) 850-2702
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!