Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    104 State St Franklin, KY 42134-2343
    Back to Search
    Property profile & analytics

    104 State St, Franklin, KY 42134-2343

    View on Map
    • Commercial real estate
    • 960 SF
    • 1.85 lot acres
    Off-Market
    Last Sale Aug 12, 2022
    $275,000
    Property ID
    US34-1615761
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 104 State St

    Lot size
    1.85 lot acres
    Property type
    Commercial real estate
    APN
    021-00-03-002.03
    APU
    21000300203

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 15, 2024 — Christopher Robertson — Deed · related $1.7M · Morgantown Bank & Trust Co INC
    Aug 12, 2022 $275,000 Csr Bg Investments LLC Rwm Land Company LLC Deed $234k · Independence Bank Of Kentucky
    Jul 8, 2020 — Rmw Land Company LLC — Deed · related $250k · Franklin Bank & Trust Co
    Feb 10, 2017 — Rwm Land Comapny LLC Bowen Tire Company INC Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Simpson
    State
    Kentucky
    Longitude
    -86.5741
    Latitude
    36.7097

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,560
    $0.00
    $0.00
    $275,000
    -
    $0.00
    $0.00
    $275,000

    Comparable in this City

    • Value Estimation by Request

      231 College St

      Land
      231 College St, Franklin, KY 42134
      View Details
    • Value Estimation by Request

      101 Gold City Rd

      COMMERCIAL (GENERAL)
      101 Gold City Rd, Franklin, KY 42134-5155
      View Details
    • Value Estimation by Request
      16,374 SF

      516 Madison St, Unit 516

      COMMERCIAL (GENERAL)
      516 Madison St, Franklin, KY 42134-1920
      View Details
    • Value Estimation by Request
      1,600 SF

      503 Main St

      COMMERCIAL (GENERAL)
      503 Main St, Franklin, KY 42134-2326
      View Details
    • Value Estimation by Request
      2,322 SF

      3835 Nashville Rd

      COMMERCIAL (GENERAL)
      3835 Nashville Rd, Franklin, KY 42134-6982
      View Details
    • Value Estimation by Request
      1,700 SF

      108 State St

      COMMERCIAL (GENERAL)
      108 State St, Franklin, KY 42134-2343
      View Details

    Similar Nearby for Sale

    • $650,000
      0.72 Acres

      Franklin Main Street Commercial Property

      Prime Franklin location, multiple buildings, 0.72 acres.
      610 Main St, Franklin, KY 42134
      View Details
    • Contact for pricing

      Expansive Industrial Land Holding

      Three parcels totaling approximately 154 acres of industrial land.
      Bowling Green Rd, Franklin, KY 42134
      View Details
    • Contact for pricing

      Commercial Lot Zoned B2

      Commercial lot for sale, zoned B2.
      5655 Nashville Rd, Franklin, KY 42134
      View Details
    • $374,900
      1.03 Acres

      Zoned B-2 Commercial Development Land

      Buildable commercial lot with B-2 zoning and road frontage, positioned for a future business site in Franklin, KY.
      832 N Main St, Franklin, KY 42134
      View Details
    • $900,000
      3.66 Acres

      Corner Lot Commercial Development Land

      Zoned Commercial B-4, this corner lot offers broad road frontage for commercial development near I-65 access.
      62 Sommerville Rd, Franklin, KY 42134
      View Details
    • $70,000
      0.27 Acres

      Residential Building Lot in Franklin

      Residential building lot in new Hunter Oaks Subdivision.
      1285 Bowling Green Rd, Franklin, KY 42134
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space for Lease

      Retail property available for lease in Franklin, Kentucky.
      224 South Main St, Franklin, KY 42134
      View Details
    • Contact for pricing
      250,000 SF

      Franklin Warehouse with Ample Docking

      250,000 SF warehouse with office space for lease.
      81 Page Dr, Franklin, KY 42134
      View Details
    • $90 SF/Yr
      240,323 SF

      Franklin KY Warehouse - 240,323 SF

      Large Kentucky warehouse space available.
      4720 Bowling Green Rd, Franklin, KY 42134
      View Details
    • Contact for pricing

      Prime Retail Space in Franklin

      Versatile storefront with high visibility in Franklin, Kentucky.
      520 N Main St, Franklin, KY 42134
      View Details
    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.
    104 State St
    Franklin, KY 42134-2343
    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

    Thank You for Inquiry
    104 State St, Franklin, KY, 42134
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!