Property profile

261 PALMER ST Franklin, NC 28734

OFF-MARKET
Office Building
Property ID
US53-0892298
10,000 SF 2.29 ac lot Built 1984
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Property summary

AI-generated overview

This all-brick, single-level commercial building is located within Franklin City Limits and contains approximately 9,200 square feet of interior space on a 2.15-acre lot. The building historically operated as a U.S. Post Office and marketing facility and is positioned along a high-traffic corridor near local events and retail and dining areas. Interior features include a large reception area, a conference room, and ten private offices with 12-foot ceilings; the rear portion includes a large open flex area with rubber tile flooring, additional offices, modular cubicles, storage, a mechanical room, and two restrooms, with 15-foot ceilings. The layout has no load-bearing interior walls, supporting flexible reconfiguration. Exterior amenities include a 2-bay loading dock with a power lift, approximately 58 paved parking spaces, a 5-car metal carport, and outdoor storage. Building systems include four HVAC units, a fire alarm panel, and fiber internet, with city water and sewer and natural gas available. A tower on the property, previously used for D-net internet, may support additional communications/tenancy use. The property is configured to support a range of potential uses such as suite offices, retail, showroom, warehouse, brewery, restaurant, gym, manufacturing, church, or mixed-use.

Property profile

Verified
Property type Office Building
Year built 1984
Total area 10,000 SF
Lot 2.29 ac (99,752 SF)
APN 6594197595
UPID US53-0892298

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Marketing & Advertising (Bike/Boat/Book/etc) Store

Location

261 PALMER ST Franklin, NC 28734
Franklin metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

since 2026
Last sale
$1.1M
5 recorded transactions
2026
$1.1M
2025
$415,000
2021
$19.6M
2021
Price N/A
2020
Price N/A
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