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Property profile & analytics
FOR LEASE
Manufacturing properties
120 Confederate Dr STE C Franklin TN USA, Franklin, TN 37064
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-3427621
For Lease
1 / 5
$1,750,000
120 Confederate Dr,Unit STE C Franklin TN USA, Franklin, TN 37064
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1960
Construction
FRAME
Total area
8,040 SF
Lot
1.16 ac (50,530 SF)
APN
094090C A 02600
UPID
US80-3427621
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
-
Prather Metalworks Metal Fabrication Plant Factory
-
Leiper’s Fork Roastery Cafe & Coffee Shop Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.75M
Owner & transaction history
Prather LLC · 4 yrs held
Prather LLC
since 2021
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.7M
+193.6%
Auto repair, garage
$1.3M
+129.9%
Retail stores
$1.3M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,685,000
Change: +194% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,320,000
Change: +130% · Conversion: Easy
RETAIL STORES
$1,270,000
Change: +121% · Conversion: Moderate
RESTAURANT
$1,145,000
Change: +99% · Conversion: Difficult
Blend value · Realmo final
$1.75M
Range $1.58M – $1.93M · ±10% · vs last sale $1.95M (Sep 29 2021)
Last sale anchor
$1.95M
Sep 29 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
$218 / 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
$7,395
Tax year 2023
Assessed value
$271,800
Assessed 2023
Previous assessed
$271,800
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$225,000
Assessed improvement
$46,800
Land market value
$562,500
Improvement market value
$117,000
Total market value
$679,500
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1960
Construction
FRAME
Heating
YES
Stories
1
Bathrooms
0
Total area
8,040 SF
Lot
1.16 ac (50,530 SF)
APN
094090C A 02600
UPID
US80-3427621
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
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.3M
RETAIL STORES
Est. value
$1.3M
RESTAURANT
Est. value
$1.1M
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
1960
Construction
FRAME
Heating
YES
Stories
1
Bathrooms
0
Lot
1.16 ac
Current owner
From public records · entity-resolved
Prather LLC
Entity
Mailing address
3206 BAKER LN, FRANKLIN, TN 37064-6254
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
Sep 29, 2021
$1,090,889
Prather LLC
Daniel A Schmidt
Warranty Deed
—
Sep 29, 2021
$1,950,000
Steven Charles May
Prather LLC
Warranty Deed
$1,487,378 · Wilson Bank & Trust
Aug 3, 2018
—
Daniel A Schmidt
—
Deed
related
$400,000 · Pinnacle Bank
May 5, 2005
$18,000
Daniel A Schmidt
Woodroof,joseph W JR
Warranty Deed
$18,000 · Cumberland Bank
Aug 29, 1997
$175,000
Daniel A Schmidt
Gafford,robert V
Grant Deed
$157,500 · Gafford Robert V
May 4, 1988
$160,000
Robert V Gafford
Unknown
Grant Deed
—
—
—
Daniel A Schmidt
—
Deed Of Trust
related
$441,500 · Franklin National Bank
—
—
Daniel A Schmidt
—
Deed Of Trust
related
$75,000 · Pinnacle National Bank
—
—
Daniel A Schmidt
—
Deed Of Trust
related
$186,000 · Pinnacle National Bank
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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