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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Office Spaces
1242 Old Hillsboro Rd Franklin, TN 37069-9129
Entity Owned
Free & Clear
Property ID
US80-1937776
Property summary
AI-generated overview
This ±7,260 square foot building, located at 1242 Old Hillsboro Rd in Franklin, Tennessee (zip code 37069), presents a unique opportunity. Situated in the Grassland submarket, this single-story, Class C property offers a flexible layout ideal for a variety of businesses. Built in 1986 and renovated in 2016, the building features approximately 4,960 square feet of office space and 2,300 square feet of warehouse space. The office area includes eleven private offices, a conference room, two restrooms, and a break room. The warehouse component boasts one drive-in door. The property sits on 0.6 acres of land and includes ample parking with 20 spaces. The zoning is C. This multi-suite building is currently fully vacant, offering immediate occupancy. Its convenient location provides easy access to Nashville, Brentwood, and Franklin. The property's APN is 027-010.00. This versatile space is perfect for businesses seeking a blend of office and warehouse functionality in a prime location. The building is comprised of one structure with a total of two suites.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1974
Total area
7,260 SF
Lot
0.65 ac (28,314 SF)
APN
094027 01000
UPID
US80-1937776
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
-
Nashville Guitar Store (Bike/Boat/Book/etc) Store
-
Mint Facility Services General Contractor
-
N Hunt Moore & Associates Inc Corporate Office
-
Abogado Cesar Arbelaez Law Firm
-
Premier Companies Production Film Production Television Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$360k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$340k
Blend (final)
Blend
$505k
Owner & transaction history
MADISON LAND CO L P
MADISON LAND CO L P
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
$360,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$505k
Range $455k – $556k · ±10%
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
$70 / 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
$4,831
Tax year 2023
Assessed value
$256,960
Assessed 2023
Previous assessed
$256,960
+0.0% YoY
Effective rate
1.88%
On assessed value
Assessed land
$65,000
Assessed improvement
$191,960
Land market value
$162,500
Improvement market value
$479,900
Total market value
$642,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1974
Heating
YES
Cooling
YES
Stories
1
Bathrooms
3
Total area
7,260 SF
Lot
0.65 ac (28,314 SF)
APN
094027 01000
UPID
US80-1937776
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
1974
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
3
Lot
0.65 ac
Current owner
From public records · entity-resolved
MADISON LAND CO L P
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 993, BRENTWOOD, TN 37024-0993
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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