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Property profile & analytics
OFF-MARKET
Office buildings
235 Palmer St Franklin, NC 28734-3049
Entity Owned
5-yr Hold
Free & Clear
Property ID
US53-1149386
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1956
Construction
BRICK
Total area
10,152 SF
Lot
0.37 ac (16,117 SF)
Zoning code
FC1
APN
6594196519
UPID
US53-1149386
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
-
Drake Enterprises Accounting Firm Tax Preparation
-
WNC Sports Zone Gym & Fitness Center Sports Field & Court
-
Drake Software, LLC (Bike/Boat/Book/etc) Store Corporate Office
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
3 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
$5,186
Tax year 2023
Assessed value
$1,571,780
Assessed 2023
Previous assessed
$1,389,250
+13.1% YoY
Effective rate
0.33%
On assessed value
Assessed land
$246,050
Assessed improvement
$1,325,730
Land market value
$246,050
Improvement market value
$1,325,730
Total market value
$1,571,780
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
Off-Market
Year built
1956
Construction
BRICK
Heating
HEAT PUMP
Cooling
YES
Stories
1
Rooms
2
Bathrooms
2
Total area
10,152 SF
Lot
0.37 ac (16,117 SF)
Zoning code
FC1
APN
6594196519
UPID
US53-1149386
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
1956
Construction
BRICK
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Rooms
2
Bathrooms
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
Mailing matches property
Yes
Owner-occupied
Yes
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
3 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
—
Dec 23, 2020
—
Helping Hands Support INC
Philip C Drake
Deed
—
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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