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Property profile & analytics
OFF-MARKET
Estimated value
$1,660,000
Medical Office Space
1229 Lakeview Dr Franklin, TN 37067-3074
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US80-1511478
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2003
Total area
5,012 SF
Lot
1.1 ac (47,916 SF)
APN
094079F A 02000
UPID
US80-1511478
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
-
Cardinal Financial Company, Limited Partnership Loan Service Bank
-
Michelle Dominguez, Real Estate Consultant with Nashville Property Group Real Estate Agency
-
Harpeth Architects Architect
-
NSPJ Architects - Nashville & Kansas City Architect
-
Artisan Home Resorts Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.29M
CAP Approach
CAP
$1.07M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.66M
Owner & transaction history
Bluesky Property Group LLC · 5 yrs held
Bluesky Property Group LLC
since 2021
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+41.1%
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
$2,285,000
CAP Approach
CAP Return
Estimation
6%
$1,155,000
6.5%
$1,065,000
7%
$990,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,135,000
Change: +41% · Conversion: Easy
Blend value · Realmo final
$1.66M
Range $1.49M – $1.83M · ±10% · vs last sale $1.70M (May 28 2021)
Last sale anchor
$1.70M
May 28 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
$331 / 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
$18,667
Tax year 2023
Assessed value
$685,960
Assessed 2023
Previous assessed
$685,960
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$416,240
Assessed improvement
$269,720
Land market value
$1,040,600
Improvement market value
$674,300
Total market value
$1,714,900
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2003
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
2
Bathrooms
0
Total area
5,012 SF
Lot
1.1 ac (47,916 SF)
APN
094079F A 02000
UPID
US80-1511478
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
$1.1M
COMMERCIAL (GENERAL)
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
2003
Heating
PACKAGE
Cooling
Yes
Stories
2
Buildings
2
Bathrooms
0
Lot
1.1 ac
Current owner
From public records · entity-resolved
Bluesky Property Group LLC
Entity
Mailing address
1229 LAKEVIEW DR, FRANKLIN, TN 37067-3074
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2023
—
Bluesky Property Group LLC
—
Deed
related
$250,000 · Studio Bank
May 28, 2021
$1,700,000
Bluesky Property Group LLC
Master Plans LLC
Warranty Deed
$1,275,000 · Studio Bank
May 28, 2021
—
Master Plans LLC
Bluesky Property Group LLC
Ground Lease
related
—
Sep 22, 2017
—
Master Plans LLC
—
Deed
related
$600,000 · Iberiabank
Oct 7, 2011
—
Master Plans LLC
Brazzell,dan
Quit Claim Deed
related
—
Jul 1, 2011
—
Dan Brazzell
—
Trustees Deed
related
$400,000 · Civic Bank & Trust
Sep 30, 2009
—
Master Plan LLC
Brazzell,dan
Quit Claim Deed
related
—
Dec 3, 2001
—
Dan Brazzell
Dunn,j D & Jacqueline L
Grant Deed
$324,000 · Southtrust Bank NA
Jan 23, 1998
—
J Douglas Dunn JR.
—
Deed Of Trust
related
—
Apr 3, 1992
$349,500
J Douglas Dunn JR
Unknown
Grant Deed
—
—
—
Master Plans LLC
—
Deed Of Trust
related
$350,000 · Legends Bank
—
—
Master Plans LLC
—
Deed Of Trust
related
—
—
—
Master Plans LLC
—
Deed Of Trust
related
$600,000 · Iberiabank
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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