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Property profile & analytics
OFF-MARKET
Office buildings
111 Heritage Holw Dr, Franklin, NC 28734-2762
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US53-1721765
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1977
Construction
FRAME
Total area
1,920 SF
Lot
0.31 ac (13,504 SF)
Zoning code
FNMU
APN
6594180887
UPID
US53-1721765
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
-
Vannity Salon Hair Salon Nail Salon
-
Jolie Body Studio Spa & Massage Center
-
tenminuteticket Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Vannity Enterprises LLC · 6 yrs held
Vannity Enterprises LLC
since 2020
Last sale
$265,000
3 recorded transactions
Zoning & alternative use
FNMU · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$572
Tax year 2023
Assessed value
$143,850
Assessed 2023
Previous assessed
$122,900
+17.0% YoY
Effective rate
0.40%
On assessed value
Assessed land
$75,410
Assessed improvement
$68,440
Land market value
$75,410
Improvement market value
$68,440
Total market value
$143,850
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1977
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
2
Bathrooms
1
Total area
1,920 SF
Lot
0.31 ac (13,504 SF)
Zoning code
FNMU
APN
6594180887
UPID
US53-1721765
Jurisdiction
MACON
Zoning & alternative use
FNMU · Franklin, NC
Zoning FNMU · permitted uses
FNMU · 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
1977
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
2
Bathrooms
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
Vannity Enterprises LLC
Entity
Mailing address
50 BUDDY GAP RD, OTTO, NC 28763-9363
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2020
$118,000
Vannity Enterprises LLC
Stuart Sloan
Warranty Deed
—
Jul 7, 2015
$185,000
Stuart Sloan
J & A Investments Of Sarasota INC
Warranty Deed
$170,000 · J & A Investments Of Sarasota INC
Jan 12, 2011
—
Macon Bank INC
Debra Miller
Trustees Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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