Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2550 Meridian Blvd Franklin, TN 37067

    • Office Properties & Spaces
    • 63,907 SF
    • 3.34 lot acres
    For Lease
    View listing
    $21 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0803483
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • FRANCHISE BUSINESS SOLUTIONS / Business Management Consultant
    • Big Jerry's Fencing / General Contractor / Construction Company
    • Lighthouse Wealth Group / Financial Advisor
    • Prime Capital Financial / Financial Advisor
    • Sparks SEO LLC / Marketing & Advertising

    Property Details for 2550 Meridian Blvd

    Year built
    2008
    Lot size
    3.34 lot acres
    Property size
    63,907 SF
    Property type
    Office Properties & Spaces
    APN
    094053 14310
    APU
    9405314310

    Description

    This Class A office building in Williamson County offers 17,499 square feet of versatile workspace, perfect for businesses of all sizes. Located in the vibrant Meridian Cool Springs area, just 15 miles from downtown Nashville, this property boasts floor-to-ceiling windows, creating a bright and airy atmosphere. The building features a variety of options, including private, fully furnished executive suites, coworking spaces designed for collaboration, and technologically advanced meeting rooms. Flexible tenancy arrangements are available, with minimum divisible space starting at 10 square feet and maximum contiguous space up to 1,300 square feet. Currently, 5,970 square feet of space is vacant, offering immediate occupancy opportunities. Amenities include ample parking, and the building's proximity to Cool Springs Boulevard provides easy access to a wide range of restaurants and retail options. Building renovations were completed in 2019, ensuring modern facilities and a comfortable work environment. The building includes elevators and a total of 350 suites. Virtual office options are also available, providing a professional business address with mail forwarding and call answering services. Various membership options cater to diverse work styles, offering flexibility and freedom to choose the best fit. This property presents a unique opportunity to establish a presence in a thriving commercial and retail hub. Note that images shown may not represent this specific center. Prices are subject to change based on selection and services included.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $15,897,000
      Market price range: $9.30M - $20.6M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Williamson
    State
    Tennessee
    Longitude
    -86.8094
    Latitude
    35.9521
    CBSA code
    34980
    CBSA name
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $152,885
    $1,772,720
    $5,318,120
    $7,090,840
    -
    $2,019,000
    $9,603,700
    $11,622,700

    Comparable in this City

    • Value Estimation by Request
      42,769 SF

      3401 Mallory Ln

      Office space • 42,769 SF
      3401 Mallory Ln, Franklin, TN 37067
      View Details
    • Value Estimation by Request
      495 SF

      330 Mallory Sta Rd Ste G25

      OFFICE (GENERAL) • 495 SF
      330 Mallory Sta Rd Ste G25, Franklin, TN 37067-2861
      View Details
    • Value Estimation by Request
      495 SF

      330 Mallory Sta Rd Ste D9

      OFFICE (GENERAL) • 495 SF
      330 Mallory Sta Rd Ste D9, Franklin, TN 37067-2860
      View Details
    • Value Estimation by Request
      495 SF

      330 Mallory Sta Rd Ste G26

      OFFICE (GENERAL) • 495 SF
      330 Mallory Sta Rd Ste G26, Franklin, TN 37067-2861
      View Details
    • Value Estimation by Request
      100 SF

      354 Cool Springs Blvd

      Office Properties & Spaces • 100 SF
      354 Cool Springs Blvd, Franklin, TN 37067
      View Details
    • Value Estimation
      $19,305,000
      126,768 SF

      315 Cool Spgs Blvd

      OFFICE (GENERAL) • 126,768 SF
      315 Cool Spgs Blvd, Franklin, TN 37067-1632
      View Details

    Similar Nearby for Sale

    • $750,000
      1,821 SF

      Cool Springs Office Condo For Sale

      Move-in ready office space in prime location.
      1894 General George Patton Dr, Franklin, TN 37067
      View Details
    • $900,000
      2,070 SF

      Cool Springs Furnished Office Suites

      Move-in ready office space in a desirable Franklin location.
      106 And 402, Franklin, TN 37067
      View Details
    • Contact for pricing
      8,638 SF

      Franklin Office Building For Sale

      Office building with convenient access to amenities and major routes.
      329 S Royal Oaks Blvd, Franklin, TN 37067
      View Details
    • $470,000
      1,120 SF

      Cool Springs Office Condo

      Office condo in Mission Commons Office Park for sale.
      106 Mission Ct, Franklin, TN 37067
      View Details
    • $3,150,000
      5,213 SF

      Renovated Office Building in Cool Springs

      Fully renovated office building with investment potential in desirable Cool Springs.
      266 Seaboard Ln, Franklin, TN 37067
      View Details
    • Contact for pricing
      67,398 SF

      Class A Office Space Available

      Two Class A office buildings totaling 133,200 SF for sale.
      1009 Windcross Ct, Franklin, TN 37067
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      6,033 SF

      Franklin, TN Office Space for Lease

      Flexible Workspace Solutions in Franklin
      6200 Hospitality Dr, Franklin, TN 37067
      View Details
    • $22 SF/Yr
      42,769 SF

      Franklin Office Space for Lease

      Modern, flexible offices in Cool Springs
      3401 Mallory Ln, Franklin, TN 37067
      View Details
    • $35 SF/Yr
      4,857 SF

      Class A Office Park Space

      Prestigious Cool Springs location with immediate I-65 access.
      840 Crescent Centre Dr, Franklin, TN 37067
      View Details
    • $34 SF/Yr
      7,170 SF

      Franklin Office Space For Rent

      Office space available for lease in Franklin, Tennessee.
      810 Crescent Centre Dr, Franklin, TN 37067
      View Details
    • $36 SF/Yr
      3,550 SF

      Franklin Office Space For Lease

      Office space available for lease in Franklin, Tennessee.
      3325 Aspen Grove Dr, Franklin, TN 37067
      View Details
    • $30 SF/Yr
      6,000 SF

      Franklin Office Space For Rent

      6,000 square foot office space available in Franklin, Tennessee.
      3351 Aspen Grove Dr, Franklin, TN 37067
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2550 Meridian Blvd
    Franklin, TN 37067
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.