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Property profile & analytics
OFF-MARKET
Estimated value
$1,765,000
Warehouses
1108 Harpeth Industrial Ct Franklin, TN 37064-2224
Entity Owned
1-yr Hold
Free & Clear
Property ID
US80-0196050
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1972
Construction
FRAME
Total area
6,280 SF
Lot
0.49 ac (21,344 SF)
APN
094063L D 00400
UPID
US80-0196050
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
-
Seale Keyworks Inc Warehouse Moving Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.77M
Owner & transaction history
Ab Family LP · 1 yrs held
Ab Family LP
since 2024
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.77M
Range $1.59M – $1.94M · ±10% · vs last sale $2.36M (May 23 2024)
Last sale anchor
$2.36M
May 23 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
$281 / 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
$7,294
Tax year 2023
Assessed value
$268,040
Assessed 2023
Previous assessed
$268,040
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$196,000
Assessed improvement
$72,040
Land market value
$490,000
Improvement market value
$180,100
Total market value
$670,100
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1972
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Bathrooms
2
Total area
6,280 SF
Lot
0.49 ac (21,344 SF)
APN
094063L D 00400
UPID
US80-0196050
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
Building & site characteristics
From public records
Year built
1972
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.49 ac
Current owner
From public records · entity-resolved
Ab Family LP
Entity
Free & Clear · 1 yrs held
Mailing address
125 3RD AVE N, FRANKLIN, TN 37064-2502
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2024
$2,358,360
Ab Family LP
Five Daughters Bakery LLC
Warranty Deed
—
Jul 6, 2021
$1,285,000
Five Daughters Bakerly LLC
Franklin 240 LLC
Special Warranty Deed
$1,096,500 · Pinnacle Bank
Jan 7, 2020
$8,500,000
Franklin 240 LLC
Seale Properties LLC
Warranty Deed
—
Jun 29, 2016
$695,000
1108 Harpeth LLC
Gleason Frederick Smith LLC
Warranty Deed
—
Jun 11, 2002
$300,000
Gleason Fredrick Smith LLC
Mjj Partnership LP
Grant Deed
$225,000 · First Farmers & Merchants Nati
May 31, 2001
$275,000
Mjj Partnership LP
Collins,ruth C
Grant Deed
$550,000 · First Farmers & Merchants Nati
Oct 20, 1994
—
Ruth C Collins
Unknown,
Grant Deed
related
—
Sep 6, 1991
$60,000
Edward P Collins
Unknown
Grant 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.
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