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Property profile & analytics
OFF-MARKET
Estimated value
$7,370,000
Retail space
308 Seaboard Ln Franklin, TN 37067-8242
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US80-1859766
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1997
Construction
FRAME
Total area
22,000 SF
Lot
4.63 ac (201,683 SF)
APN
094053O B 00700
UPID
US80-1859766
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
-
Remnant Fellowship-Nashville Church
-
Karl Bair Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.64M
Comparable Approach
Comparable
$8.84M
Blend (final)
Blend
$7.37M
Owner & transaction history
Smith Partners II LLC · 1 yrs held
Smith Partners II LLC
since 2025
Last sale
$7.5M
5 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,110,000
6.5%
$5,640,000
7%
$5,240,000
Alternative Use
Use
Estimation
RETAIL STORES
$11,220,000
Current use
Blend value · Realmo final
$7.37M
Range $6.63M – $8.11M · ±10% · vs last sale $7.50M (Mar 12 2025)
Last sale anchor
$7.50M
Mar 12 2025
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
$335 / 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
$50,427
Tax year 2023
Assessed value
$1,853,120
Assessed 2023
Previous assessed
$1,853,120
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$1,083,440
Assessed improvement
$769,680
Land market value
$2,708,600
Improvement market value
$1,924,200
Total market value
$4,632,800
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1997
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
6
Total area
22,000 SF
Lot
4.63 ac (201,683 SF)
APN
094053O B 00700
UPID
US80-1859766
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
RETAIL STORES Current
Est. value
$11.2M
RETAIL STORES 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
1997
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
6
Lot
4.63 ac
Current owner
From public records · entity-resolved
Smith Partners II LLC
Entity
Mailing address
5318 MEADOWLAKE RD, BRENTWOOD, TN 37027-5170
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2025
$7,500,000
Smith Partners II LLC
Dgssbl LLC
Special Warranty Deed
$6,375,000 · United Community Bank
Feb 1, 2019
—
Dgssbl LLC
Shamblin,david G
Quit Claim Deed
related
—
Nov 21, 2018
—
David Shamblin
C & V LLC
Quit Claim Deed
related
—
Jan 23, 2008
—
C & V LLC
Shamblin,david G & Gwen H
Quit Claim Deed
related
—
—
—
David G Shamblin
—
Deed Of Trust
related
$150,000 · Williamson Cnty Criminal Court
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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