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Property profile & analytics
OFF-MARKET
Estimated value
$15,185,000
Office Spaces
201 Millersprings Ct Franklin, TN 37064
Entity Owned
3-yr Hold
Free & Clear
Property ID
US80-0896223
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2008
Total area
49,780 SF
Lot
1.89 ac (82,328 SF)
APN
094079O C 00400
UPID
US80-0896223
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
$12.89M
CAP Approach
CAP
$10.34M
Comparable Approach
Comparable
$9.12M
Blend (final)
Blend
$15.19M
Owner & transaction history
Pnb Tn Portfolio Owner LLC · 3 yrs held
Pnb Tn Portfolio Owner LLC
since 2023
Last sale
$15.3M
4 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
$12,885,000
CAP Approach
CAP Return
Estimation
6%
$11,200,000
6.5%
$10,340,000
7%
$9,600,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$24,345,000
Current use
Blend value · Realmo final
$15.19M
Range $13.67M – $16.70M · ±10% · vs last sale $15.32M (May 8 2023)
Last sale anchor
$15.32M
May 8 2023
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
$305 / 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
$133,666
Tax year 2023
Assessed value
$4,912,000
Assessed 2023
Previous assessed
$4,912,000
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$1,378,080
Assessed improvement
$3,533,920
Land market value
$756,000
Improvement market value
$9,556,700
Total market value
$10,312,700
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2008
Heating
NONE
Stories
2
Total area
49,780 SF
Lot
1.89 ac (82,328 SF)
APN
094079O C 00400
UPID
US80-0896223
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
COMMERCIAL (GENERAL) Current
Est. value
$24.3M
COMMERCIAL (GENERAL) Current
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
2008
Heating
NONE
Stories
2
Lot
1.89 ac
Current owner
From public records · entity-resolved
Pnb Tn Portfolio Owner LLC
Entity
Free & Clear · 3 yrs held
Mailing address
150 3RD AVE S STE #900, NASHVILLE, TN 37201-2034
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2023
$15,319,226
Pnb Tn Portfolio Owner LLC
Pinnacle Bank
Special Warranty Deed
—
May 8, 2023
—
Pinnacle Bank
Pnb Tn Portfolio Owner LLC
Lease
—
Jul 19, 2019
$13,600,000
Pinnacle Bk
205 Miller Franklin LLC
Grant Deed
—
Aug 3, 2016
$9,150,000
205 Miller Franklin LLC
Walgreen Co
Grant Deed
$7,500,000 · Private Individual
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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