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Property profile & analytics
FOR SALE
Warehouses
117 Parkway SE Franklin, TN 37064
Individually Owned
3-yr Hold
Free & Clear
Property ID
US80-1508137
For Sale
1 / 4
$19,755,000
117 Parkway SE, Franklin, TN 37064
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1981
Construction
FRAME
Total area
200,000 SF
Lot
15.02 ac (654,271 SF)
APN
094090 02001
UPID
US80-1508137
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$26.84M
Comparable Approach
Comparable
$15.95M
Blend (final)
Blend
$19.76M
Owner & transaction history
Ag Lc 117 Southeast Parkway Owner L · 3 yrs held
Ag Lc 117 Southeast Parkway Owner L
since 2022
Last sale
$22.6M
6 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%
$29,070,000
6.5%
$26,835,000
7%
$24,915,000
Blend value · Realmo final
$19.76M
Range $17.78M – $21.73M · ±10% · vs last sale $22.60M (Jul 22 2022)
Last sale anchor
$22.60M
Jul 22 2022
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
$99 / 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
$90,033
Tax year 2023
Assessed value
$3,308,560
Assessed 2023
Previous assessed
$3,308,560
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$1,519,240
Assessed improvement
$1,789,320
Land market value
$3,798,100
Improvement market value
$4,473,300
Total market value
$8,271,400
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
For Sale
Year built
1981
Construction
FRAME
Heating
YES
Stories
1
Units
1
Bathrooms
4
Total area
200,000 SF
Lot
15.02 ac (654,271 SF)
APN
094090 02001
UPID
US80-1508137
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
1981
Construction
FRAME
Heating
YES
Stories
1
Units
1
Bathrooms
4
Lot
15.02 ac
Current owner
From public records · entity-resolved
Ag Lc 117 Southeast Parkway Owner L
Individual
Free & Clear · 3 yrs held
Mailing address
424 CHURCH ST STE #2100, NASHVILLE, TN 37219-2344
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2022
—
Ag Lc 117 Southeast Parkway Owner L
Mccauley Family LLC
Quit Claim Deed
related
—
Jul 22, 2022
$22,600,000
Ag Lc 117 Southeast Parkway Onwer L
Mccauley Family LLC
Special Warranty Deed
—
Nov 2, 2006
$465,000
Mccauley Family LLC
Lmp Realty INC
Grant Deed
$3,900,000 · Ameritas Life Insurance Corp
Sep 21, 2004
—
Lmp Realty INC
Lasko Products INC
Quit Claim Deed
related
—
—
—
Mccauley Family LLC
—
Deed Of Trust
related
$1,000,000 · Magna Bank NA
—
—
Sci Towers LLC
—
Deed Of Trust
related
$16,000,000 · Cti Towers Assets II LLC
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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