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Property profile & analytics
OFF-MARKET
Estimated value
$1,490,000
Manufacturing properties
139 Pkwy Ct, Franklin, TN 37064-3968
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US80-3462000
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2005
Construction
FRAME
Total area
15,000 SF
Lot
1.19 ac (51,836 SF)
APN
094090K E 01000
UPID
US80-3462000
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
by Request
CAP Approach
CAP
$1.54M
Comparable Approach
Comparable
$1.44M
Blend (final)
Blend
$1.49M
Owner & transaction history
Gerald D Laufman · 12 yrs held
Gerald D Laufman
since 2014
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.5M
+129.9%
Retail stores
$2.4M
+121.2%
Restaurant
$2.1M
+99.1%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,670,000
6.5%
$1,540,000
7%
$1,430,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,070,000
Current use
AUTO REPAIR, GARAGE
$2,460,000
Change: +130% · Conversion: Easy
RETAIL STORES
$2,370,000
Change: +121% · Conversion: Moderate
RESTAURANT
$2,130,000
Change: +99% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,475,000
Change: +38% · Conversion: Easy
MEDICAL BUILDING
$1,445,000
Change: +35% · Conversion: Difficult
Blend value · Realmo final
$1.49M
Range $1.34M – $1.64M · ±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
$99 / 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
$15,931
Tax year 2023
Assessed value
$738,880
Assessed 2023
Previous assessed
$738,880
+0.0% YoY
Effective rate
2.16%
On assessed value
Assessed land
$166,600
Assessed improvement
$572,280
Land market value
$416,500
Improvement market value
$1,430,700
Total market value
$1,847,200
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
Off-Market
Year built
2005
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
2
Total area
15,000 SF
Lot
1.19 ac (51,836 SF)
APN
094090K E 01000
UPID
US80-3462000
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
INDUSTRIAL (GENERAL) Current
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$2.5M
RETAIL STORES
Est. value
$2.4M
RESTAURANT
Est. value
$2.1M
WAREHOUSE, STORAGE
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.4M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
RESTAURANT
WAREHOUSE, STORAGE
MEDICAL BUILDING
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
2005
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
1.19 ac
Current owner
From public records · entity-resolved
Gerald D Laufman
Individual
Mailing address
135 SE PKWY CT, FRANKLIN, TN 37064-3968
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2019
—
Gerald D Laufman
—
Grant Deed
related
$1,245,000 · Franklin Synergy Bk
Feb 3, 2014
$450,000
Gerald D Laufman
Mrf LLC
Special Warranty Deed
—
Jun 8, 2005
$206,000
Mrf LLC
Jaymar Dev LLC
Warranty Deed
$1,100,000 · Community First Bank
—
—
Gerald D Laufman
—
Deed Of Trust
related
$3,000,000 · Franklin Synergy Bk
—
—
Mrf LLC
—
Deed Of Trust
related
$186,000 · Citizens First 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.
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