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Property profile & analytics
OFF-MARKET
Estimated value
$6,865,000
Retail space
1175 Meridian Blvd Franklin, TN 37067-6349
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-0105261
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2008
Total area
18,591 SF
Lot
3.52 ac (153,331 SF)
APN
094053 14300
UPID
US80-0105261
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
-
Melissa Finnell - Truist Mortgage Loan Officer Loan Service Bank
-
BB&T - ATM Atm
-
Woodhouse Spa - Franklin Alternative Medicine Practice Spa & Massage Center
-
Jersey Mike's Subs Restaurant Take-out & Catering
-
The Eastern Peak - Franklin Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.59M
CAP Approach
CAP
$4.77M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.87M
Owner & transaction history
Boyle 2555 Meridian Joint Venture · 4 yrs held
Boyle 2555 Meridian Joint Venture
since 2021
Last sale
$7.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$10.7M
+12.7%
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
$8,590,000
CAP Approach
CAP Return
Estimation
6%
$5,165,000
6.5%
$4,770,000
7%
$4,425,000
Alternative Use
Use
Estimation
RETAIL STORES
$9,480,000
Current use
AUTO REPAIR, GARAGE
$10,680,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$6.87M
Range $6.18M – $7.55M · ±10% · vs last sale $7.50M (Dec 13 2021)
Last sale anchor
$7.50M
Dec 13 2021
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
$369 / 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
$60,453
Tax year 2023
Assessed value
$2,803,800
Assessed 2023
Previous assessed
$2,803,800
+0.0% YoY
Effective rate
2.16%
On assessed value
Assessed land
$851,120
Assessed improvement
$1,952,680
Land market value
$2,127,800
Improvement market value
$3,413,300
Total market value
$5,541,100
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2008
Heating
NONE
Buildings
2
Stories
1
Total area
18,591 SF
Lot
3.52 ac (153,331 SF)
APN
094053 14300
UPID
US80-0105261
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
RETAIL STORES Current
Est. value
$9.5M
AUTO REPAIR, GARAGE
Est. value
$10.7M
RETAIL STORES Current
AUTO REPAIR, GARAGE
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
2008
Heating
NONE
Stories
1
Buildings
2
Lot
3.52 ac
Current owner
From public records · entity-resolved
Boyle 2555 Meridian Joint Venture
Entity
Mailing address
5900 POPLAR AVE STE #100, MEMPHIS, TN 38119-3900
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2021
—
Boyle 2555 Meridian Joint Venture
Boyle 1175 Meridian Joint Venture
Quit Claim Deed
related
$250,000 · The Northwest Mutual Life Insurance
Dec 29, 2016
—
Chs Realty Holdings Jv
Industrial Dev Board Of Williamso
Quit Claim Deed
related
—
May 9, 2006
—
Cnty Indl Dev Boar Williamson
—
Deed Of Trust
related
$32,000,000 · Boyle Cool Springs Building Jv
Mar 14, 2006
—
Cnty Indl Dev Boar Williamson
Boyle Cool Springs Building
Quit Claim Deed
related
—
Sep 12, 2005
—
Boyle Cool Springs Building
Boyle Cool Springs II
Quit Claim Deed
related
$24,000,000 · Northwestern Mutual Life Ins
Jun 8, 2005
$7,500,000
Cool Springs Boyle II
Ford Motor Credit
Grant Deed
—
Jun 8, 2005
—
Ford Motor Credit Co
Ford Motor Land Dev Corp
Quit Claim Deed
related
—
Jul 15, 1997
—
Dev Bd Williams Industrial
Industrial,dev B
Quit Claim Deed
related
—
—
—
Boyle 1175 Meridian Jv
—
Loan Modification
related
$3,723,267 · Miscellaneous Ins Co
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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