Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    100 Covey Dr Franklin, TN 37067

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Outpatient medical space available for lease in Franklin, TN.

    Type:Office
    Added:
    Oct 24, 2022
    Days on Market:
    1276
    Last Refresh:
    Mar 17 at 1:18 pm

    Property Features for 100 Covey Dr

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1988

    Spaces For Lease

    at 100 Covey Dr Contact us

    We can help!

    Listing Contact
    Alexandra Selesnick

    Listing agent Alexandra Selesnick License #381900

    Listing office Sagemont

    Listing date Oct 24, 2022

    Source Crexi

    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 Sagemont

    Overview

    Medical Office Space For Lease

    Outpatient medical space is available for lease at a property located at 100 Covey Dr, Franklin, TN 37067.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Franklin Family Dental Dental Office Cox Orthodontics Dental Office Tennessee Retina Medical Clinic Christopher Optical Physicians ... Ophthalmologist Naomi MD MedSpa Spa & Massage Center

    Suggested Use

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

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

    Similar Places Nearby

    • Williamson County Animal Hospital Urgent Care LLC — 1126 murfreesboro rd, franklin, tn 37064
    • Lee Stockstill, DVM — 1126 Murfreesboro Rd, Franklin, TN 37064
    • Williamson County Animal Hospital: Reynolds Forrest W DVM — 1126 Murfreesboro Rd, Franklin, TN 37064
    • Battleground Hospital for Animals — 225 S Royal Oaks Blvd, Franklin, TN 37064
    • Williamson County Animal Hospital: Reynolds Shaun DVM — 1126 Murfreesboro Rd, Franklin, TN 37064

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Williamson
    State
    Tennessee
    Longitude
    -86.8201696
    Latitude
    35.9148158

    Nearby Similar for Lease

    • Contact for pricing

      Meridian Cool Springs

      2550 Meridian Blvd, Unit 200, Franklin, TN 37067
      View Details
    • Contact for pricing

      Cool Springs III

      725 Cool Springs Blvd, Unit 600, Franklin, TN 37067
      View Details
    • Contact for pricing

      TN, Franklin - Hospitality Dr

      6200 Hospitality Dr, Unit 1ST, Franklin, TN 37067
      View Details
    • Contact for pricing

      Spaces Mallory

      3401 Mallory Ln, Franklin, TN 37067
      View Details
    • Contact for pricing

      Move-In Ready Cool Springs Office

      Office space in Cool Springs area with ample parking.
      106 Mission Ct, Franklin, TN, 37067-6440
      View Details
    • Contact for pricing

      Office Space in Franklin, TN

      Office space available for lease in Franklin, Tennessee.
      106 Mission Court, Franklin, TN 37067
      View Details
    • $35/mo

      Class A Office Park Space

      Prestigious Cool Springs location with immediate I-65 access.
      840 Crescent Centre Dr, Franklin, TN
      View Details
    • Contact for pricing

      Cool Springs First-Floor Office Space

      Professional office space in dynamic Cool Springs commercial submarket.
      660 Bakers Bridge Ave, Franklin, TN 37067
      View Details
    • $35/mo

      Franklin Office Space For Rent

      Office space available for lease in Franklin, Tennessee.
      800 Crescent Centre Dr, Franklin, TN
      View Details
    • Contact for pricing

      Class A Office Building

      Modern 178,000 SF office building with green space.
      3401 Mallory Lane, Franklin, TN, 37067
      View Details
    • Contact for pricing

      Franklin Office Sublease Opportunity

      Office space available for sublease in Franklin, Tennessee.
      801 Crescent Centre 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 Drive, Franklin, TN 37067
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Outpatient medical space available for lease in Franklin, TN.
    Where is this medical office space located?
    The property is located at 100 Covey Dr Franklin, TN.
    What are key features of this property?
    This property features: Outpatient medical space available for lease; Located at 100 Covey Drive, Franklin, TN, in the Physicians Plaza; Cadby property page available for more information: https://app.cadby.co/sagemont/properties/100‑covey‑drive‑franklin‑tn‑physicians‑plaza
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Alexandra Selesnick
    Real Estate License ID: 381900
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!