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Property profile & analytics
OFF-MARKET
Estimated value
$8,815,000
Retail properties & Spaces
1735 Galleria Blvd Franklin, TN 37067-6464
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US80-1139781
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1992
Total area
60,130 SF
Lot
4.6 ac (200,376 SF)
APN
094053 13800
UPID
US80-1139781
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
-
Healing Waves Salt Room (Bike/Boat/Book/etc) Store Cosmetic Store
-
Idol Nails Nail Salon
-
Aqua Foot Care Alternative Medicine Practice Spa & Massage Center
-
Dr. Andrew Bateman Dental Office
-
uBreakiFix - Phone and Computer Repair Tech Support Center (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.82M
Owner & transaction history
The Electronic Express INC · 7 yrs held
The Electronic Express INC
since 2018
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$147 / 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
$88,563
Tax year 2023
Assessed value
$3,254,560
Assessed 2023
Previous assessed
$3,254,560
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$1,564,000
Assessed improvement
$1,690,560
Land market value
$3,910,000
Improvement market value
$4,226,400
Total market value
$8,136,400
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1992
Heating
YES
Cooling
YES
Stories
1
Bathrooms
2
Total area
60,130 SF
Lot
4.6 ac (200,376 SF)
APN
094053 13800
UPID
US80-1139781
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
1992
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
2
Lot
4.6 ac
Current owner
From public records · entity-resolved
The Electronic Express INC
Entity
Mailing address
5215 OLD ORCH RD STE #880, SKOKIE, IL 60077-1094
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2018
$5,400,000
The Electronic Express INC
Toys R Us Property Company II LLC
Special Warranty Deed
$4,200,000 · Reliant Bank
Nov 14, 2016
—
Toys R Us Property Company II LLC
—
Deed
related
$512,000,000 · Bank Of America NA
Jun 9, 2016
—
Cool Springs Torrence LLC
—
Deed
related
$5,000,000 · Miscellaneous Ins Co
Nov 10, 2015
$7,150,000
Cool Springs Torrence LLC
Sm Newco Franklin LLC
Grant Deed
$11,300,000 · Privatebank & Tr
Sep 22, 2010
—
Sm Newco Franklin LLC
—
Deed Of Trust
related
$138,590,283 · Eurohypo Ag
May 7, 1991
$1,207,795
Service Merchandise Co INC
Unknown
Grant Deed
—
—
—
Sm Newco Franklin LLC
—
Deed Of Trust
related
$16,940,000 · Greenwich Capital Fin'l Produc
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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