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Property profile & analytics
FOR SALE
Office buildings
228 E Palmer St, Franklin, NC 28734
Entity Owned
5-yr Hold
Free & Clear
Property ID
US53-0902287
For Sale
1 / 47
$1,500,000
228 E Palmer St, Franklin, NC 28734
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1909
Total area
16,016 SF
Lot
0.37 ac (16,117 SF)
Zoning code
FC1
APN
6594194852
UPID
US53-0902287
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
Ds Admiral Hh LLC · 5 yrs held
Ds Admiral Hh LLC
since 2021
Last sale
$19.6M
2 recorded transactions
Zoning & alternative use
FC1 · 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
$7,344
Tax year 2023
Assessed value
$2,210,940
Assessed 2023
Previous assessed
$1,773,810
+24.6% YoY
Effective rate
0.33%
On assessed value
Assessed land
$307,560
Assessed improvement
$1,903,380
Land market value
$307,560
Improvement market value
$1,903,380
Total market value
$2,210,940
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 buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1909
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
2
Total area
16,016 SF
Lot
0.37 ac (16,117 SF)
Zoning code
FC1
APN
6594194852
UPID
US53-0902287
Jurisdiction
MACON
Zoning & alternative use
FC1 · Franklin, NC
Zoning FC1 · permitted uses
FC1 · 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
1909
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Lot
0.37 ac
Current owner
From public records · entity-resolved
Ds Admiral Hh LLC
Entity
Free & Clear · 5 yrs held
Mailing address
235 E PALMER ST, FRANKLIN, NC 28734-3049
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2021
$19,639,500
Ds Admiral Hh LLC
Helping Hands Support INC
Special Warranty Deed
—
Feb 11, 2021
—
Helping Hands Support INC
Philip C Drake
Correction Deed
related
—
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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