Renovated Office
For Sale
Contact for pricing
133 Holiday Ct, Franklin, TN 37067
Renovated commercial property offers reserved owner-occupant space alongside an established multi-tenant office configuration.
Property Size31,000 SF
Lot Size2.30 Acres
Price / SF$251.60
Days on Market1010
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Property Features for 133 Holiday Ct
General Information
Standard status
Active
Size
31,000 SF
Class
B
Lot size
2.30 Acres
Property subtype
Office
Lease Type
NNN
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Renovated
2023
Buildings
1
Stories
2
Tenancy
Multi
Building Size
31,000 SF
Listing Agency:
Kelty Real Estate
Listed By:
Travis J. Kelty · License #TN 295753
Source:
Crexi
Added: Jan 9, 2024
Changed: Oct 1
Last Checked: Oct 14 at 10:54PM
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 Kelty Real Estate
Investment Insights
Based on property information with market context.
This 31,200-square-foot office building occupies 2.30 acres and accommodates 17 tenants. Approximately 7,500 square feet is reserved for an owner-occupant, while additional space may become available as existing leases expire. The property underwent improvements in 2023, including exterior repainting, custom lighting, lobby and restroom updates, refreshed common areas, new carpet and paint, digital lobby signage, furniture, artwork, and suite signage.
Newer leases use a triple-net structure covering rentable areas and common areas, with rent escalators included. The property is positioned near Williamson Medical Center and Vanderbilt Bone and Joint, with visibility from Interstate 65 and Murfreesboro Road. Its Franklin, Tennessee location places the building within the south Williamson County commercial office market.
Newer leases use a triple-net structure covering rentable areas and common areas, with rent escalators included. The property is positioned near Williamson Medical Center and Vanderbilt Bone and Joint, with visibility from Interstate 65 and Murfreesboro Road. Its Franklin, Tennessee location places the building within the south Williamson County commercial office market.
Key Highlights
- 31,200‑square‑foot office building on 2.30 acres
- 17 existing tenants occupy the property
- Approximately 7,500 square feet reserved for an owner‑occupant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$522,007
Cap Rate
6.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,440,140
$10.4M
Cap Rate 7%
$7,457,243
$7.5M
Cap Rate 9%
$5,800,078
$5.8M
Market Conditions
NOI Build-Up for 31,200 SF
Gross rent
$823.7K $26.40/SF
− Vacancy
−$127.7K −$4.09/SF
EGI
$696.0K $22.31/SF
− OpEx
−$174.0K −$5.58/SF
NOI
$522.0K $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 Rate 5%
$10,440,140
Cap Rate 7%
$7,457,243
Cap Rate 9%
$5,800,078
Alternative Uses
Best Use
Office B
$7.46M
$6.53M – $8.70M
NOI $522,007 @ 7.0% cap · market cap 6.65%
Second Best
Healthcare Medical
$6.17M
$5.40M – $7.19M
NOI $431,646 @ 7.0% cap · market cap 5.50%
Theoretical Best
Office A
$9.15M
$8.00M – $10.67M
NOI $640,224 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,759
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Renovated commercial property offers reserved owner-occupant space alongside an established multi-tenant office configuration.
Where is this office building located?
The property is located at 133 Holiday Ct Franklin, TN.
What is the asking price?
The asking price for this property is $7,850,000.
What are key features of this property?
This property features: 31,200‑square‑foot office building on 2.30 acres; 17 existing tenants occupy the property; Approximately 7,500 square feet reserved for an owner‑occupant
