Class A Office
329 S Royal Oaks Blvd Franklin, TN 37064
For Sale
$2,875,000
Pending
Class A office condos in Franklin, TN for sale.
Property Size8,638 SF
Days on Market1190
Property Features for 329 S Royal Oaks Blvd
General Information
Standard status
Pending
Size
8,638 SF
Property subtype
Commercial/Industrial
Building Details
Year Built
2020
Listing Agency:
Zeitlin Sotheby's International Realty
(310) 740-3240
Listed By:
Samantha Inglis · License #360910
(310) 740-3240
Source:
Exitrealty
Added: Apr 27, 2023
Changed: Jul 6
Last Checked: Jul 23 at 6:00AM
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 Zeitlin Sotheby's International Realty
Investment Insights
Based on property information with market context.
These Class A office condos are located in Allston East, a new Class A office asset in Franklin, TN. The property features contemporary common area exterior and interior finishes and abundant parking. The available space offers flexibility to tailor each space to reflect an owner's tastes and specifications. This property offers an exceptional opportunity for buyers to control and customize their office environment and enjoy the financial and operational benefits of real estate ownership, and become a long-term investor in the Franklin community. The property size is 8638 square feet.
Key Highlights
- Brand new Class A office condos in Franklin, TN.
- Opportunity to control and customize office environment.
- Financial and operational benefits of real estate ownership.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $228.0k | $26.40 |
| − Vacancy | −$35.3k | −$4.09 |
| EGI | $192.7k | $22.31 |
| − OpEx | −$48.2k | −$5.58 |
| NOI | $144.5k | $16.73 |
8,638 SF · lease $26.40/SF/yr · vacancy 15.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.06M
$1.81M – $2.41M
NOI $144,522 @ 7.0% cap · market cap 5.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.53M
$2.22M – $2.95M
NOI $177,252 @ 7.0% cap · market cap 6.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Class A office condos in Franklin, TN for sale.
Where is this office units located?
The property is located at 329 S Royal Oaks Blvd Franklin, TN.
What is the asking price?
The asking price for this property is $2,875,000.
What are key features of this property?
This property features: Brand new Class A office condos in Franklin, TN.; Opportunity to control and customize office environment.; Financial and operational benefits of real estate ownership.
