Entity Owned Property summary
AI-generated overview
This exceptional mixed-use property, located in Franklin's vibrant Historic District at 115 5th Ave N, presents a compelling investment opportunity. The 1,302 square foot building sits on a 0.09-acre lot and boasts a prime location, ensuring consistent tenant demand. The structure is in excellent condition, featuring a recently installed TPO (reflective membrane) roof, demonstrating a commitment to long-term maintenance. Currently fully leased with reliable tenants, this property offers immediate and substantial cash flow. The existing lease agreement extends until November 2029, with a built-in 4% annual rent increase, providing predictable and growing income. Leases are structured as double net (NN), meaning tenants cover property taxes and insurance in addition to base rent, minimizing the owner's operational expenses. Convenient rear entrances accessible from the alley provide efficient access for both tenants and deliveries. The seller is open to exploring owner financing options, making this an even more attractive proposition for qualified buyers. This is a rare chance to acquire a stable, high-performing asset in one of Franklin's most desirable locations. Don't miss this opportunity to own a piece of Franklin's rich history and thriving commercial landscape.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1924
Total area
1,302 SF
Lot
0.03 ac (1,307 SF)
APN
094078C B 02800
UPID
US80-1122604
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Insurance Agency
-
Real Estate Agency
-
Real Estate Agency
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$934k
Blend (final)
Blend
$1.00M
Owner & transaction history
since 2025
Last sale
$1.3M
6 recorded transactions
Zoning & alternative use
Top alternative use upside
Auto repair, garage
$750,000
+17.5%
Retail stores
$730,000
+14.9%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 7 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.00M
Value range
$900k – $1.10M
±10% around blend
Estimated value / SF
$768 / SF
Confidence
High
7 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
70
$900k
blend $1.00M
$1.10M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
1,302 SF
Lot area
0.03 ac
Year built
1924
Stories
1
APN
094078C B 02800
Assessed value
$215,720
Annual tax
$5,870
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$611k
Weighted, 7 comps · high confidence
Evidence
7 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
2.5 mi away · 1,120 SF
2.7 mi away · 1,440 SF
2.9 mi away · 990 SF
10.3 mi away · 1,350 SF
14.7 mi away · 1,204 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.00M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 67 sales
$489
+57%
Submarket 165 sales
$405
+89%
County 263 sales
$390
+97%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $768/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+17%
vs current-use indication
Retail Stores
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 7 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.25M
Move the market yield to see immediate price impact.
Value / SF
$960
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$79k
$1.58M
$1.13M
$875k
$88k
$1.75M
$1.25M
$972k
$96k
$1.93M
$1.37M
$1.07M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
7 found
High confidence · county-verified
Closest comparable
$860k
2.5 mi · Feb 2026 · $768/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$5,870
Tax year 2023
Assessed value
$215,720
Assessed 2023
Previous assessed
$215,720
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$180,000
Assessed improvement
$35,720
Land market value
$450,000
Improvement market value
$89,300
Total market value
$539,300
Applied tax rate
263.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1924
Heating
YES
Cooling
YES
Stories
1
Bathrooms
1
Total area
1,302 SF
Lot
0.03 ac (1,307 SF)
APN
094078C B 02800
UPID
US80-1122604
Jurisdiction
WILLIAMSON
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1924
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.03 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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