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Property profile & analytics
OFF-MARKET
Estimated value
$40,160,000
Retail space
230 Franklin Rd Franklin, TN 37064-2256
Entity Owned
~
Est. High Equity
Property ID
US80-0054802
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1927
Total area
72,526 SF
Lot
19.64 ac (855,518 SF)
APN
094063M A 02100
UPID
US80-0054802
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
-
Vintage TN (Bike/Boat/Book/etc) Store
-
The Artisan Company Clothing & Fashion Store
-
Mojo's Tacos - Franklin Restaurant
-
Times Past & Present (Bike/Boat/Book/etc) Store
-
Tala Jeweler (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$53.01M
Blend (final)
Blend
$40.16M
Owner & transaction history
Factory Hotel Partners LLC
Factory Hotel Partners LLC
since 2026
Last sale
$56.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$41.7M
+2.3%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$40,745,000
Current use
AUTO REPAIR, GARAGE
$41,670,000
Change: +2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$35,470,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$40.16M
Range $36.14M – $44.18M · ±10% · vs last sale $56.00M (Oct 1 2021)
Last sale anchor
$56.00M
Oct 1 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
$554 / 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
$308,246
Tax year 2023
Assessed value
$11,327,600
Assessed 2023
Previous assessed
$11,327,600
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$3,398,280
Assessed improvement
$7,929,320
Land market value
$5,305,500
Improvement market value
$7,603,700
Total market value
$12,909,200
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1927
Heating
YES
Cooling
YES
Buildings
10
Stories
2
Bathrooms
50
Total area
72,526 SF
Lot
19.64 ac (855,518 SF)
APN
094063M A 02100
UPID
US80-0054802
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
$40.7M
AUTO REPAIR, GARAGE
Est. value
$41.7M
COMMERCIAL (GENERAL)
Est. value
$35.5M
RETAIL STORES Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1927
Heating
YES
Cooling
Yes
Stories
2
Buildings
10
Bathrooms
50
Lot
19.64 ac
Current owner
From public records · entity-resolved
Factory Hotel Partners LLC
Entity
Mailing address
2710 OLD LEBANON PIKE STE #5, NASHVILLE, TN 37214-2159
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2026
—
Factory Hotel Partners LLC
Factory Partners LLC
Deed
related
$30,000,000 · Everwise Cu
Oct 1, 2021
—
Factory Partners LLC
The Factory At Franklin LLC
Quit Claim Deed
related
—
Oct 1, 2021
$56,000,000
Factory Partners LLC
The Factory At Franklin LLC
Special Warranty Deed
related
$57,000,000 · Teachers Cu
Aug 4, 2020
$7,370
City Of Franklin
Factory At Franklin LLC
Warranty Deed
—
May 8, 2020
—
Franklin 240 LLC
Robert Hail Crowell L Trust
Quitclaim Deed
related
—
Aug 31, 2012
—
Factory At Franklin LLC
Factory At Franklin
Quit Claim Deed
related
—
Jul 12, 2012
$24,200,000
Factory At Franklin LLC
Factory At Franklin
Grant Deed
$12,000,000 · Factory At Franklin
May 20, 2008
—
Jamison Stn Master Assn INC
Ssi Jamison Station LLC
Quit Claim Deed
related
—
Jul 2, 2007
—
Factory At Franklin Gp
—
Trustees Deed
related
$1,000,000 · Regions Bank
Feb 28, 2007
$4,750,000
Ssi Jamison Station LLC
Factory At Franklin
Grant Deed
$4,037,500 · Primetrust Bank
Jun 7, 2006
$262,602
Kevin Mckeehan
Factory At Franklin
Warranty Deed
—
Oct 14, 1997
—
Calvin Lehew
—
Deed Of Trust
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.
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