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Property profile & analytics
OFF-MARKET
Estimated value
$5,375,000
Manufacturing properties
115 Carr Ave Franklin, TN 37064-3806
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-1280728
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1971
Construction
FRAME
Total area
27,240 SF
Lot
5.71 ac (248,728 SF)
APN
094090C A 00400
UPID
US80-1280728
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
-
IntelliStone Kitchen & Bath Showroom Hardware & Home Improvement
-
TriGreen Landscapes and Irrigation Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.38M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.38M
Owner & transaction history
Carr Ave LLC · 2 yrs held
Carr Ave LLC
since 2024
Last sale
$5.4M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.7M
+193.6%
Auto repair, garage
$4.5M
+129.9%
Retail stores
$4.3M
+121.2%
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
$5,375,000
ML approach
$5,375,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,710,000
Change: +194% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,470,000
Change: +130% · Conversion: Easy
RETAIL STORES
$4,300,000
Change: +121% · Conversion: Moderate
RESTAURANT
$3,870,000
Change: +99% · Conversion: Difficult
Blend value · Realmo final
$5.38M
Range $4.84M – $5.91M · ±10% · vs last sale $5.38M (Mar 12 2024)
Last sale anchor
$5.38M
Mar 12 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
$197 / 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
$24,314
Tax year 2023
Assessed value
$893,480
Assessed 2023
Previous assessed
$893,480
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$740,000
Assessed improvement
$153,480
Land market value
$1,850,000
Improvement market value
$383,700
Total market value
$2,233,700
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1971
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Bathrooms
3
Total area
27,240 SF
Lot
5.71 ac (248,728 SF)
APN
094090C A 00400
UPID
US80-1280728
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)
Est. value
$5.7M
AUTO REPAIR, GARAGE
Est. value
$4.5M
RETAIL STORES
Est. value
$4.3M
RESTAURANT
Est. value
$3.9M
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
RESTAURANT
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
1971
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
3
Lot
5.71 ac
Current owner
From public records · entity-resolved
Carr Ave LLC
Entity
Mailing address
240 GILLETTE DR, FRANKLIN, TN 37069-4114
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2024
—
Carr Ave LLC
—
Deed
related
$1,832,142 · Studio Bank
Mar 12, 2024
$5,375,000
Carr Ave LLC
Centuristone INC
Special Warranty Deed
$5,375,000 · Centuristone INC
Nov 14, 2012
$780,000
Intellistone INC
Cb & I INC
Grant Deed
$1,043,000 · Firstbank NA
—
—
Intellistone INC
—
Deed Of Trust
related
$600,000 · Bank Of America
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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