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Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Warehouses
302 Century Ct Franklin, TN 37064-4065
Individually Owned
5-yr Hold
Free & Clear
Property ID
US80-2002035
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1980
Construction
FRAME
Total area
5,750 SF
Lot
0.36 ac (15,682 SF)
APN
094090G A 01305
UPID
US80-2002035
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
-
Label Graphics Co - Spring Hill TN 37174 Advertising Agency Marketing & Advertising
-
Vin Pics Miles Car Dealership
-
NoWear Automotive Car Wash
-
Film WRX Interior Design Auto Repair Shop
-
Welling Workspace Coworking & Hybrid Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$980k
CAP Approach
CAP
$770k
Comparable Approach
Comparable
$670k
Blend (final)
Blend
$710k
Owner & transaction history
J Michael Peay · 5 yrs held
J Michael Peay
since 2021
Last sale
$700,000
7 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
$960,000
ML approach
$980,000
CAP Approach
CAP Return
Estimation
6%
$835,000
6.5%
$770,000
7%
$715,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,080,000
Current use
Blend value · Realmo final
$710k
Range $639k – $781k · ±10% · vs last sale $700k (Jul 9 2021)
Last sale anchor
$700k
Jul 9 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
$123 / 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
$4,980
Tax year 2023
Assessed value
$183,000
Assessed 2023
Previous assessed
$183,000
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$99,000
Assessed improvement
$84,000
Land market value
$247,500
Improvement market value
$210,000
Total market value
$457,500
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1980
Construction
FRAME
Heating
NONE
Stories
1
Total area
5,750 SF
Lot
0.36 ac (15,682 SF)
APN
094090G A 01305
UPID
US80-2002035
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
WAREHOUSE, STORAGE Current
Est. value
$1.1M
WAREHOUSE, STORAGE Current
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
1980
Construction
FRAME
Heating
NONE
Stories
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
J Michael Peay
Individual
Free & Clear · 5 yrs held
Mailing address
809 MURFREESBORO RD, FRANKLIN, TN 37064-2904
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 9, 2021
—
J Michael Peay
Bonnie M Peay
Intrafamily Transfer
related
—
Jun 29, 2016
$700,000
J Michael Peay
Michael C Alexander
Warranty Deed
$560,000 · Renasant Bank
Oct 7, 2011
$470,000
Michael C Alexander
Irvin,j W & Pamela D
Warranty Deed
—
Jan 7, 1994
$138,000
W Irvin D J JR.
Unknown,
Grant Deed
$115,800 · Bert Beeler Etux
Oct 21, 1992
$100,000
Bert Beeler
Unknown,
Grant Deed
—
Nov 21, 1991
$135,000
Imaging Supplies Int Corp
Unknown,
Grant Deed
—
—
—
Michael C Alexander
—
Deed Of Trust
related
$10,000 · J Michael Peay
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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