Renovated Office Condo in
311 S Royal Oaks Blvd SE, Franklin, TN 37064
For Sale
$459,000
Pending
Newly renovated 1,132 SF office condo for sale.
Property Size1,132 SF
Lot Size1.00 Acre
Days on Market497
Property Features for 311 S Royal Oaks Blvd SE
General Information
Standard status
Size
Lot size
Property subtype
Amenities
Asphalt Roof
Building Details
Year Built
Listing Agency:
BENCHMARK REALTY, LLC
(615) 371-1544
Listed By:
RON TAYLOR
(615) 513-6168
Source:
Corcoran
Added: Jul 4, 2025
Changed: Aug 8
Last Checked: Apr 24 at 8:15AM
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 BENCHMARK REALTY, LLC
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Investment Insights
Based on property information with market context.
This is a newly renovated 1st floor, 1-level office condo located in Franklin. The property has a total area of 1,132 square feet. The layout includes a reception area, three individual offices, one large restroom, a kitchen area, storage space, and a rear door.
Key Highlights
- Newly Renovated for a fresh, modern feel.
- 1st Floor, 1 Level Office Condo providing easy access.
- Located in Franklin, offering a desirable business address.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,313
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$306,260
$306.3K
Cap Rate 7%
$218,757
$218.8K
Cap Rate 9%
$170,144
$170.1K
Market Conditions
NOI Build-Up for 1,132 SF
Gross rent
$24.5K $21.60/SF
− Vacancy
−$4.0K −$3.56/SF
EGI
$20.4K $18.04/SF
− OpEx
−$5.1K −$4.51/SF
NOI
$15.3K $13.53/SF
Area
Williamson County, TN
Vacancy
16.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$306,260
Cap Rate 7%
$218,757
Cap Rate 9%
$170,144
Alternative Uses
Best Use
Office B
$218.8K
$191.4K – $255.2K
NOI $15,313 @ 7.0% cap · market cap 3.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$292.0K
$255.5K – $340.7K
NOI $20,441 @ 7.0% cap · market cap 4.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Location Intelligence
Trade Area within ½ mile
624
Businesses Nearby
Explore this area
Business Placement
Demographics for 37064, TN
62,422
Population
25,302
Households
2.5
Avg Household Size
41
Median Age
59%
College-Educated
94%
High-School Grad
184.0 sq mi
ZIP Area
339
Density / Sq Mi
$121,492
Median Household Income
$56,690
Median Earnings
$1,810
Median Rent
$664,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Williamson County, TN
Properties on Market for Office Units in Williamson County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Newly renovated 1,132 SF office condo for sale.
Where is this office unit located?
The property is located at 311 S Royal Oaks Blvd SE Franklin, TN.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: Newly Renovated for a fresh, modern feel.; 1st Floor, 1 Level Office Condo providing easy access.; Located in Franklin, offering a desirable business address.
