New search
Property profile & analytics
FOR SALE
Turn key restaurants
132 3Rd Ave S Franklin, TN 37064
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US80-0733499
For Sale
1 / 40
$5,000,000
132 3Rd Ave S, Franklin, TN 37064
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1910
Total area
5,510 SF
Lot
0.38 ac (16,553 SF)
APN
094078C G 01300
UPID
US80-0733499
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
$515k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$621k
Blend (final)
Blend
$570k
Owner & transaction history
Bl Franklin Real Estate LLC · 9 yrs held
Bl Franklin Real Estate LLC
since 2016
7 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
$515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$570k
Range $513k – $627k · ±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
$103 / 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
$20,354
Tax year 2023
Assessed value
$747,960
Assessed 2023
Previous assessed
$747,960
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$420,000
Assessed improvement
$327,960
Land market value
$1,050,000
Improvement market value
$819,900
Total market value
$1,869,900
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
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
1910
Heating
YES
Cooling
YES
Stories
2
Units
1
Bathrooms
2
Total area
5,510 SF
Lot
0.38 ac (16,553 SF)
APN
094078C G 01300
UPID
US80-0733499
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
1910
Heating
YES
Cooling
Yes
Stories
2
Units
1
Bathrooms
2
Lot
0.38 ac
Current owner
From public records · entity-resolved
Bl Franklin Real Estate LLC
Entity
Mailing address
PO BOX 120897, NASHVILLE, TN 37212-0897
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2018
—
Bl Franklin Real Estate LLC
—
Deed
related
$150,000 · Simmons Bank
Dec 11, 2017
—
Bl Franklin Real Estate LLC
—
Deed
related
—
Dec 1, 2016
$1,950,000
Bl Franklin Real Estate LLC
Summerwind Properties LLC
Warranty Deed
—
Apr 8, 2015
$25,000
Cat Management Services LLC
K Thomas Sidwell LLC
Warranty Deed
—
Jan 23, 2015
—
Summerwind Properties LLC
City Of Franklin Tennessee
Quit Claim Deed
related
—
Apr 4, 2012
—
Summerwind Properties LLC
Carman,barbara D
Quit Claim Deed
related
—
May 26, 2009
—
Barbara D Carman
Carman,william S SR & Barbara D
Quit Claim Deed
related
—
May 8, 2009
—
William S Carman SR.
—
Trustees Deed
related
$300,000 · Greenbank
Apr 1, 2009
—
William S Carman SR.
—
Trustees Deed
related
$150,000 · Wayne County Bank
Apr 9, 2002
$650,000
William S Carman
Christ Community Church
Grant Deed
$520,000 · First Tennessee Bank National
May 1, 1988
$300,000
Church Christ Community
Unknown
Grant Deed
—
—
—
William S Carman
—
Deed Of Trust
related
$510,000 · Community Bank NA
—
—
Bl Franklin Real Estate LLC
—
Loan Modification
related
—
—
—
William S Carman
—
Deed Of Trust
related
$50,000 · Community Bank NA
—
—
William S Carman SR.
—
Deed Of Trust
related
$250,000 · Cumberland 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
