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Property profile & analytics
OFF-MARKET
Estimated value
$5,750,000
Drug stores
2045 Fieldstone Pkwy, Franklin, TN 37069-4336
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US80-1644286
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
1998
Construction
FRAME
Total area
13,923 SF
Lot
2.19 ac (95,396 SF)
APN
094052 01001
UPID
US80-1644286
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
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
Walgreens Pharmacy
-
Walgreens Pharmacy Pharmacy
-
Tara M. Liette, PharmD Pharmacy
-
COVID-19 Drive-Thru Testing at Walgreens Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.49M
CAP Approach
CAP
$3.57M
Comparable Approach
Comparable
$5.60M
Blend (final)
Blend
$5.75M
Owner & transaction history
Parkview Place LLC · 5 yrs held
Parkview Place LLC
since 2021
Last sale
$5.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$8.0M
+12.7%
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
$7,255,000
ML approach
$7,490,000
CAP Approach
CAP Return
Estimation
6%
$3,870,000
6.5%
$3,570,000
7%
$3,315,000
Alternative Use
Use
Estimation
RETAIL STORES
$7,100,000
Current use
AUTO REPAIR, GARAGE
$8,000,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$5.75M
Range $5.18M – $6.33M · ±10% · vs last sale $5.29M (Jun 21 2021)
Last sale anchor
$5.29M
Jun 21 2021
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
$413 / 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
$26,948
Tax year 2023
Assessed value
$1,249,840
Assessed 2023
Previous assessed
$1,249,840
+0.0% YoY
Effective rate
2.16%
On assessed value
Assessed land
$676,160
Assessed improvement
$573,680
Land market value
$1,690,400
Improvement market value
$1,434,200
Total market value
$3,124,600
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
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
1998
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
3
Total area
13,923 SF
Lot
2.19 ac (95,396 SF)
APN
094052 01001
UPID
US80-1644286
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
RETAIL STORES Current
Est. value
$7.1M
AUTO REPAIR, GARAGE
Est. value
$8.0M
RETAIL STORES Current
AUTO REPAIR, GARAGE
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
1998
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
3
Lot
2.19 ac
Current owner
From public records · entity-resolved
Parkview Place LLC
Entity
Mailing address
5553 AMBER CIR, CALABASAS, CA 91302-3146
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2021
$5,289,472
Parkview Place LLC
2045 Franklin LLC
Special Warranty Deed
$2,990,367 · Credit Union 1
Apr 22, 2021
—
Walgreen Co
2045 Franklin LLC
Lease
$90,750 · Wintrust Bank NA
Apr 21, 2021
$3,556,201
2045 Franklin LLC
Premiere Hotel Motel Two INC
Special Warranty Deed
—
Sep 23, 2016
—
Premier Hotel Motel Two INC
—
Deed
related
$2,200,000 · Branch Bk&tr
Sep 8, 2004
—
Hejduk Trust
Hejduk,ruth G
Quit Claim Deed
related
—
Sep 1, 2004
—
Ruth G Hejduk
Hejduk Trust
Quit Claim Deed
related
—
Feb 27, 1998
$133,980
Bessie A Gowen
—
Grant Deed
related
—
Feb 17, 1998
$133,915
Dianna S Love
—
Grant Deed
related
—
Jan 9, 1998
$141,636
Marie E Simmonds
Love,dianna S
Grant Deed
—
Jan 8, 1998
$134,045
Rita J Tressler
Love,dianna S
Grant Deed
—
Dec 22, 1997
$139,151
Milton A Hight
Love,dianna S
Grant Deed
—
Nov 3, 1997
$156,000
Realty Rochford
Love,dianna S
Grant Deed
—
—
—
Premier Hotel Motel Two INC
—
Deed Of Trust
related
$2,200,000 · Branch Bk&tr
—
—
Premiere Hotel-motel Two INC
—
Deed Of Trust
related
$1,200,000 · Herradura Partners One LLC
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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