Flex Space with
New
For Sale
$1,200,000
130 Seaboard Ln, Franklin, TN 37067
Light industrial zoning supports a blend of office, warehouse, and distribution functions.
Property Size2,464 SF
Price / SF$487.01
Days on Market5
Property Features for 130 Seaboard Ln
General Information
Standard status
Active
Size
2,464 SF
Zoning
Light Industrial
Additional Details
HOA Fee
$312.50
Building Details
Year Built
1995
Listing Agency:
Loch Company
Listed By:
Thomas E. Lochbihler 6157905099 · License #225497
(615) 790-5099
Source:
Northnashvillehomes4sale
Added: Sep 2
Changed: Sep 5
Last Checked: Sep 5 at 3:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Loch Company
Investment Insights
Based on property information with market context.
Unit A-11 is a 2,464-square-foot flex property built in 1995, combining dedicated office areas with warehouse space. The layout includes five offices, two bathrooms, a lobby, and additional open areas, providing a mix of enclosed and adaptable workspace.
The warehouse portion includes an 8-foot overhead door, wheel ramp, and loading dock. Light Industrial zoning supports flexible commercial uses ranging from office functions to light distribution. The property is located at 130 Seaboard Ln in Franklin, Tennessee.
The warehouse portion includes an 8-foot overhead door, wheel ramp, and loading dock. Light Industrial zoning supports flexible commercial uses ranging from office functions to light distribution. The property is located at 130 Seaboard Ln in Franklin, Tennessee.
Key Highlights
- 2,464‑square‑foot flex property in Unit A‑11
- Light Industrial zoning supports office and light distribution uses
- Five offices, two bathrooms, lobby, and open areas
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,225
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.44%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$824,500
$824.5K
Cap Rate 7%
$588,929
$588.9K
Cap Rate 9%
$458,056
$458.1K
Market Conditions
NOI Build-Up for 2,464 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$65.0K $26.40/SF
− Vacancy
−$10.1K −$4.09/SF
EGI
$55.0K $22.31/SF
− OpEx
−$13.7K −$5.58/SF
NOI
$41.2K $16.73/SF
Area
Williamson County, TN
Vacancy
15.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$824,500
Cap Rate 7%
$588,929
Cap Rate 9%
$458,056
Alternative Uses
Best Use
Office B
$588.9K
$515.3K – $687.1K
NOI $41,225 @ 7.0% cap · market cap 3.44%
Second Best
Flex RnD
$370.7K
$324.3K – $432.4K
NOI $25,946 @ 7.0% cap · market cap 2.16%
Theoretical Best
Office A
$722.3K
$632.0K – $842.7K
NOI $50,561 @ 7.0% cap · market cap 4.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,470
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 37067, TN
31,465
Population
14,087
Households
2.2
Avg Household Size
38
Median Age
67%
College-Educated
97%
High-School Grad
32.5 sq mi
ZIP Area
968
Density / Sq Mi
$110,202
Median Household Income
$63,824
Median Earnings
$1,860
Median Rent
$686,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Light industrial zoning supports a blend of office, warehouse, and distribution functions.
Where is this flex space located?
The property is located at 130 Seaboard Ln Franklin, TN.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 2,464‑square‑foot flex property in Unit A‑11; Light Industrial zoning supports office and light distribution uses; Five offices, two bathrooms, lobby, and open areas
