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    318 Seaboard Ln Franklin, TN 37067-8275

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    318 Seaboard Ln Franklin, TN 37067-8275

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    • Industrial properties
    • 34,866 SF
    • 12.78 lot acres
    Off-Market
    Last Sale Dec 15, 2020
    $26,100,000
    Property ID
    US80-1101710
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Nashville | Gigi Sells Nashville / Real Estate Agency
    • Bond Mortgage, LLC / Loan Service / Bank
    • Kimberly Schumacher, Benchmark Realty, LLC / Real Estate Agency
    • emids / (Bike/Boat/Book/etc) Store / Corporate Office
    • Aptera Software / (Bike/Boat/Book/etc) Store / Corporate Office

    Property Details for 318 Seaboard Ln

    Year built
    1998
    Lot size
    12.78 lot acres
    Property size
    34,866 SF
    Property type
    Industrial properties
    APN
    094062B A 01500
    APU
    094062BA01500

    Description

    Aspen Grove Technology Center, located at 318 Seaboard Ln, Franklin, TN 37067, presents a unique opportunity in Williamson County's thriving Cool Springs submarket. This four-building complex offers a combined 126,046 square feet of office and industrial space, currently featuring 2,292 square feet of immediately available space. The property boasts a highly desirable location, minutes from the intersection of Carothers Parkway and McEwen Drive, providing convenient access to major thoroughfares. Enjoy the benefits of a nearby park with walking trails, as well as the immediate proximity to a variety of retail and entertainment options. The flexible suites cater to diverse business needs, with many units offering the convenience of grade-level truck doors for efficient loading and unloading. This multi-tenant property is classified as both office and industrial, offering executive office spaces alongside warehouse facilities, making it ideal for businesses requiring a blend of office and storage or distribution capabilities. The available space totals 2,292 square feet, providing ample room for expansion or relocation. This is an exceptional opportunity to establish a presence in a highly sought-after area of Franklin, Tennessee.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Williamson
    State
    Tennessee
    Longitude
    -86.8306
    Latitude
    35.9484
    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
    $185,272
    $3,106,800
    $3,701,680
    $6,808,480
    -
    $7,767,000
    $9,254,200
    $17,021,200

    Comparable in this City

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    • Value Estimation
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      119 Seaboard Ln

      INDUSTRIAL PARK • 89,823 SF
      119 Seaboard Ln, Franklin, TN 37067-8306
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    • Value Estimation
      $10,700,000
      121,590 SF

      320 Premier S Ct

      INDUSTRIAL PARK • 121,590 SF
      320 Premier S Ct, Franklin, TN 37067-8248
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    • Value Estimation
      $1,165,000
      44,825 SF

      121 Seaboard Ln

      INDUSTRIAL PARK • 44,825 SF
      121 Seaboard Ln, Franklin, TN 37067-2817
      View Details
    • Value Estimation
      $1,005,000
      25,880 SF

      264 Mallory Sta Rd

      INDUSTRIAL PARK • 25,880 SF
      264 Mallory Sta Rd, Franklin, TN 37067-8244
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    • Value Estimation
      $6,670,000
      117,740 SF

      305 Seaboard Ln

      INDUSTRIAL PARK • 117,740 SF
      305 Seaboard Ln, Franklin, TN 37067-8258
      View Details

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      Cool Springs Development Property

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      Industrial Warehouse Space Available

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      Office and Flex Space Available

      4,063 SF office and flex space for lease.
      320 Premier Ct S, Franklin, TN 37067
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    Franklin, TN 37067-8275
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    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
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