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Property profile & analytics
OFF-MARKET
Retail space
1785 Georgia Rd, Franklin, NC 28734-7319
Individually Owned
5-yr Hold
Free & Clear
Property ID
US53-5815583
Property summary
AI-generated overview
This exceptional Franklin, NC shopping center presents a compelling investment opportunity. Located on Georgia Rd, just south of the high-traffic intersection of Hwy 64/US 441 (24,000 ADT per NCDOT 2019 data), this single-story, 4,000-5,000 square foot building offers five fully leased retail units, ensuring a stable income stream. Each unit benefits from recent capital improvements (2022), separate HVAC systems, and individual power meters for efficient operation. The property features a well-maintained parking lot, city water, and a septic system. Built in 1982 and situated on a 0.81-acre lot, this property provides a hassle-free investment with Triple Net (NNN) leases, meaning tenants cover property taxes and insurance. The 100% occupancy rate and high visibility make this a truly exceptional opportunity for investors seeking a reliable, low-maintenance income producer in a prime location. The asking price is $1,199,000.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1982
Construction
CONCRETE BLOCKS
Total area
900 SF
Lot
0.02 ac (871 SF)
Zoning code
FC2
APN
6583689697
UPID
US53-5815583
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Jason Salmon · 5 yrs held
Jason Salmon
since 2021
Last sale
$182,500
1 recorded transaction
Zoning & alternative use
FC2 · Franklin, NC
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
—
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
$353
Tax year 2023
Assessed value
$76,020
Assessed 2023
Previous assessed
$65,900
+15.4% YoY
Effective rate
0.46%
On assessed value
Assessed land
$35,000
Assessed improvement
$41,020
Land market value
$35,000
Improvement market value
$41,020
Total market value
$76,020
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1982
Construction
CONCRETE BLOCKS
Heating
HEAT PUMP
Cooling
YES
Stories
1
Rooms
6
Bathrooms
1
Total area
900 SF
Lot
0.02 ac (871 SF)
Zoning code
FC2
APN
6583689697
UPID
US53-5815583
Jurisdiction
MACON
Zoning & alternative use
FC2 · Franklin, NC
Zoning FC2 · permitted uses
FC2 · Franklin, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Franklin. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1982
Construction
CONCRETE BLOCKS
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Rooms
6
Bathrooms
1
Lot
0.02 ac
Current owner
From public records · entity-resolved
Jason Salmon
Individual
Free & Clear · 5 yrs held
Mailing address
390 TESSENTEE WOODS RD, FRANKLIN, NC 28734-5174
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2021
$182,500
Jason Salmon
James Clark Sheffield JR
Warranty Deed
—
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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