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Property profile & analytics
OFF-MARKET
Estimated value
$2,960,000
Individual retail properties
242 5th N Ave Franklin, TN 37064-2608
Individually Owned
3-yr Hold
Free & Clear
Property ID
US80-1775705
Property profile
Verified
Property type
Individual retail properties
Use group
DRY CLEANER
Year built
1947
Total area
4,902 SF
Lot
0.43 ac (18,731 SF)
APN
094078C A 00800
UPID
US80-1775705
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
$3.41M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.96M
Owner & transaction history
Samuel P Johnson · 3 yrs held
Samuel P Johnson
since 2022
Last sale
$2.5M
6 recorded transactions
Zoning & alternative use
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
Method
Estimation
Statistic approach
$3,430,000
ML approach
$3,405,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.96M
Range $2.66M – $3.26M · ±10% · vs last sale $2.50M (Sep 3 2021)
Last sale anchor
$2.50M
Sep 3 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
$604 / 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
$7,811
Tax year 2023
Assessed value
$287,040
Assessed 2023
Previous assessed
$287,040
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$240,000
Assessed improvement
$47,040
Land market value
$600,000
Improvement market value
$117,600
Total market value
$717,600
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
Individual retail properties
Use group
DRY CLEANER
Status
Off-Market
Year built
1947
Heating
YES
Stories
1
Bathrooms
2
Total area
4,902 SF
Lot
0.43 ac (18,731 SF)
APN
094078C A 00800
UPID
US80-1775705
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
Building & site characteristics
From public records
Year built
1947
Heating
YES
Stories
1
Bathrooms
2
Lot
0.43 ac
Current owner
From public records · entity-resolved
Samuel P Johnson
Individual
Free & Clear · 3 yrs held
Mailing address
125 3RD AVE N, FRANKLIN, TN 37064-2502
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2022
—
Samuel P Johnson
Dane Alexander
Correction Deed
related
—
Sep 3, 2021
$2,501,000
Samuel P Johnson
Dane Alexander
Warranty Deed
$2,500,000 · Beaman Ventures INC
Oct 21, 2015
$500,000
Dane Alexander
Porter,sherri E
Warranty Deed
—
Jun 27, 2014
—
Sherri E Porter
Porter,william W JR
Quit Claim Deed
related
—
Sep 14, 2010
$120,000
Adh Ptshp
Vaillancourt,mary J
Warranty Deed
—
Jun 30, 2009
—
William W Porter JR.
—
Trustees Deed
related
$100,000 · Greenbank Downtown Franklin
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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