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Property profile & analytics
OFF-MARKET
Estimated value
$9,310,000
Car washes
100 Market Exchange Ct Franklin, TN 37067-1707
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-0053039
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
2006
Construction
FRAME
Total area
8,352 SF
Lot
1.51 ac (65,776 SF)
APN
094053 12227
UPID
US80-0053039
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
-
Retail Therapy Department Store
-
MILES The Auto Spa + Express Carwashes Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.31M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.31M
Owner & transaction history
Riptide Market Exchange LLC · 2 yrs held
Riptide Market Exchange LLC
since 2024
Last sale
$9.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.1M
+69.1%
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
$9,310,000
ML approach
$9,310,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$8,115,000
Change: +69% · Conversion: Difficult
Blend value · Realmo final
$9.31M
Range $8.38M – $10.24M · ±10% · vs last sale $9.31M (Jun 6 2024)
Last sale anchor
$9.31M
Jun 6 2024
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
$1,115 / 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
$24,675
Tax year 2023
Assessed value
$906,760
Assessed 2023
Previous assessed
$906,760
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$616,080
Assessed improvement
$290,680
Land market value
$1,540,200
Improvement market value
$726,700
Total market value
$2,266,900
Applied tax rate
263.0000
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
Car washes
Use group
CAR WASH
Status
Off-Market
Year built
2006
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
2
Total area
8,352 SF
Lot
1.51 ac (65,776 SF)
APN
094053 12227
UPID
US80-0053039
Jurisdiction
WILLIAMSON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$8.1M
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2006
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
1.51 ac
Current owner
From public records · entity-resolved
Riptide Market Exchange LLC
Entity
Mailing address
5071 LANGLEY CIR, RALEIGH, NC 27609-5139
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2024
$9,312,150
Riptide Market Exchange LLC
Miles Cars LLC
Special Warranty Deed
$1,750,000 · Old National Bank
Apr 17, 2023
—
Miles Cars LLC
Miles Cars Smyrna LLC
Quit Claim Deed
related
—
May 9, 2022
—
Miles Cars Smyrna LLC
Miles Cars Ro LLC
Quit Claim Deed
related
—
Feb 10, 2006
$1,000,000
Miles Cars LLC
Continental Cool Springs East
Grant Deed
$1,000,000 · Pinnacle National Bank
—
—
Miles Autospa LLC
—
Deed Of Trust
related
$1,850,000 · Magna Bank NA
—
—
Miles Cars LLC
—
Deed Of Trust
related
$2,200,000 · Pinnacle National Bank
—
—
Miles Cars LLC
—
Deed Of Trust
related
$1,850,000 · Magna Bank NA
—
—
Miles Cars LLC
—
Deed Of Trust
related
$1,210,000 · Mid Cumberland Area Dev Corp
—
—
Miles Cars LLC
—
Deed Of Trust
related
$67,200 · Pinnacle National Bank
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.
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