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Property profile & analytics
OFF-MARKET
Estimated value
$1,025,000
Medical Office Space
225 Bedford Way Franklin, TN 37064-5527
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US80-0522673
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2003
Construction
WOOD
Total area
13,880 SF
Lot
2.12 ac (92,347 SF)
APN
094079P C 00303
UPID
US80-0522673
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
-
Anesthesia Medical Group Medical Clinic
-
Vanderbilt Bone & Joint Surgery Center Medical Clinic Hospital
-
Mr. Ryan Raburn Physician
-
Vanderbilt Surgery Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$725k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.33M
Blend (final)
Blend
$1.03M
Owner & transaction history
Vanderbilt Univ Medical Center · 10 yrs held
Vanderbilt Univ Medical Center
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.4M
+2.2%
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
$725,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,335,000
Current use
WAREHOUSE, STORAGE
$1,365,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$1.03M
Range $923k – $1.13M · ±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
$74 / 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
$42,272
Tax year 2023
Assessed value
$1,553,440
Assessed 2023
Previous assessed
$1,553,440
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$616,280
Assessed improvement
$937,160
Land market value
$1,540,700
Improvement market value
$2,342,900
Total market value
$3,883,600
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
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2003
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
4
Total area
13,880 SF
Lot
2.12 ac (92,347 SF)
APN
094079P C 00303
UPID
US80-0522673
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
MEDICAL BUILDING Current
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.4M
MEDICAL BUILDING Current
WAREHOUSE, STORAGE
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
2003
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
4
Lot
2.12 ac
Current owner
From public records · entity-resolved
Vanderbilt Univ Medical Center
Individual
Mailing address
1161 21ST AVE SD330, NASHVILLE, TN 37232-0011
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
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
Apr 29, 2016
$28,957,605
Vanderbilt Univ Medical Center
Vanderbilt University
Grant Deed
—
Jul 29, 2009
$8,575,217
Vanderbilt University
Bone & Joint Franklin
Grant Deed
—
Dec 15, 2000
$267,000
Bone Jv
Lowery Trust
Grant Deed
$267,000 · First Tennessee Bank National
Oct 4, 1999
—
Lowery Trust
Citizens Corp
Quit Claim Deed
related
—
Dec 16, 1997
$212,024
Citizens Corp
—
Grant Deed
related
—
Sep 20, 1996
$177,000
International Financial Co
International,fi
Grant Deed
related
—
—
—
Bone Franklin
—
Deed Of Trust
related
$350,000 · Cumberland 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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