New search
Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Retail space
10 Palmer St, Franklin, NC 28734-3046
Entity Owned
2-yr Hold
Free & Clear
Property ID
US53-5689788
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1960
Construction
BRICK
Total area
12,535 SF
Lot
5.41 ac (235,660 SF)
Zoning code
FC2
APN
6594080879
UPID
US53-5689788
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Abel Wellness Gym & Fitness Center
-
Taqueria Tres Amigos Restaurant
-
Adaptive Karate Academy Training Center Sports School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$615k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$846k
Blend (final)
Blend
$640k
Owner & transaction history
Smoky Mountain Land Division INC · 2 yrs held
Smoky Mountain Land Division INC
since 2024
Last sale
$625,000
5 recorded transactions
Zoning & alternative use
FC2 · Franklin, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Franklin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Franklin submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$685,000
ML approach
$615,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$640k
Range $576k – $704k · ±10% · vs last sale $625k (Oct 30 2023)
Last sale anchor
$625k
Oct 30 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$51 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$2,778
Tax year 2023
Assessed value
$722,530
Assessed 2023
Previous assessed
$722,530
+0.0% YoY
Effective rate
0.38%
On assessed value
Assessed land
$338,130
Assessed improvement
$384,400
Land market value
$338,130
Improvement market value
$384,400
Total market value
$722,530
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1960
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Buildings
3
Stories
1
Bathrooms
1
Total area
12,535 SF
Lot
5.41 ac (235,660 SF)
Zoning code
FC2
APN
6594080879
UPID
US53-5689788
Jurisdiction
MACON
Zoning & alternative use
FC2 · Franklin, NC
Zoning FC2 · permitted uses
FC2 · Franklin, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Franklin. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1960
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
1
Lot
5.41 ac
Current owner
From public records · entity-resolved
Smoky Mountain Land Division INC
Entity
Free & Clear · 2 yrs held
Mailing address
123 W PALMER ST STE #1, FRANKLIN, NC 28734-3028
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2024
$790,000
Smoky Mountain Land Division INC
Palmer Street Mall LLC
Warranty Deed
—
Oct 30, 2023
$625,000
Usdf LLC
Palmer Street Mall LLC
Warranty Deed
—
Apr 3, 2023
—
Nelson Thibault
Palmer Street Mall LLC
Lease
—
Oct 4, 2022
—
Kaiden Gonzales
Palmer Street Mall LLC
Lease
—
Apr 16, 2007
$1,375,000
Palmer Street Mall LLC
Wachovia Bank NA
Special Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 10 Palmer St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
