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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Office Spaces
1111 Lakeview Dr Franklin, TN 37067-3072
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US80-0781020
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1978
Total area
1,360 SF
Lot
0.17 ac (7,405 SF)
APN
094079F A 00500
UPID
US80-0781020
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
-
Battleground Tattoo Parlour Tattoo & Piercing Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$670k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$679k
Blend (final)
Blend
$665k
Owner & transaction history
1111 Lakeview Drive LLC · 1 yrs held
1111 Lakeview Drive LLC
since 2025
Last sale
$789,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$780,000
+55.3%
Retail stores
$695,000
+37.8%
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
$630,000
ML approach
$670,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$505,000
Current use
AUTO REPAIR, GARAGE
$780,000
Change: +55% · Conversion: Difficult
RETAIL STORES
$695,000
Change: +38% · Conversion: Easy
Blend value · Realmo final
$665k
Range $599k – $732k · ±10% · vs last sale $789k (May 28 2025)
Last sale anchor
$789k
May 28 2025
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
$489 / 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
$5,579
Tax year 2023
Assessed value
$205,000
Assessed 2023
Previous assessed
$205,000
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$127,520
Assessed improvement
$77,480
Land market value
$318,800
Improvement market value
$193,700
Total market value
$512,500
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1978
Heating
YES
Cooling
YES
Stories
1
Bathrooms
1
Total area
1,360 SF
Lot
0.17 ac (7,405 SF)
APN
094079F A 00500
UPID
US80-0781020
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
COMMERCIAL (GENERAL) Current
Est. value
$505,000
AUTO REPAIR, GARAGE
Est. value
$780,000
RETAIL STORES
Est. value
$695,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
1978
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
1111 Lakeview Drive LLC
Entity
Mailing address
5734 N LICK CRK RD, FRANKLIN, TN 37064-6209
Ownership since
2025
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
May 28, 2025
—
1111 Lakeview Drive LLC
Ffp Service & Construction INC
Quitclaim Deed
related
—
Dec 18, 2024
$789,000
Ffp Service & Construction INC
William Bledsoe
Warranty Deed
—
Apr 3, 2018
—
William J Bledsoe
—
Deed
related
$50,000 · Bancorpsouth
Jan 15, 2016
$30,000
William Bledsoe
Dixon,ben D & Stacey L
Quit Claim Deed
related
$220,000 · Bancorpsouth
Nov 8, 2011
$232,500
Ben D Dixon
B & T Family Investments LP
Warranty Deed
$225,367 · Pinnacle National Bank
Aug 25, 2008
—
B & T Family Investments
Duncan,thomas F
Quit Claim Deed
related
—
Feb 11, 1997
$110,000
Thomas F Duncan
—
Grant Deed
related
—
—
—
William J Bledsoe
—
Deed Of Trust
related
$50,000 · Bancorpsouth
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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