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

    3351 Aspen Grove Dr Franklin, TN 37067

    • Retail space
    • 9,180 SF
    • 0.21 lot acres
    For Lease
    View listing
    $30 SF/Yr
    Value Estimations
    $805,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1573914
    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

    • Angela L. Simpson, DDS / Dentist / Cosmetic Dentist
    • Jan M. Stanley, RN / Registered General Nurse
    • Beechcreek Equestrian Services / BES sport horses / Horse Riding School / Horse Trainer
    • Raymond L. Bates, DC / Chiropractor
    • Thomas Lokensgard / Dentist

    Property Details for 3351 Aspen Grove Dr

    Year built
    2014
    Lot size
    0.21 lot acres
    Property size
    9,180 SF
    Property type
    Retail space
    APN
    094062F A 00102C003
    APU
    094062FA00102C003

    Description

    This ±6,000 square foot office space, located at 3351 Aspen Grove Drive, Suite 300, Franklin, TN 37067, presents a unique opportunity in the desirable Cool Springs submarket. The property, situated in a Class B building constructed in 2008, offers a single-tenant occupancy within a larger 20,046 square foot building. The space boasts approximately 31 individual offices, four medium-sized meeting rooms, and one large conference room, ideal for a variety of business configurations. Additional amenities include a convenient gathering/breakroom, four bathrooms, and a shower. The building features 150 parking spaces, although elevators are not available. This single-story building is zoned O and has an APN of 062F-A-001.02. Enjoy unparalleled convenience with easy access to I-65, Cool Springs Boulevard, and Mack Hatcher Parkway. The location offers walkability to McEwen Northside's vibrant dining and retail scene, including popular establishments such as North Italia, Jeni's Ice Cream, Just Love Coffee, Shake Shack, and Warby Parker. This exceptional space is perfect for businesses seeking a modern, well-appointed office in a thriving location. The cross street is Jordan Road.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $615,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $998,000
      Market price range: $357k - $1.42M

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

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Williamson
    State
    Tennessee
    Longitude
    -86.8272
    Latitude
    35.941
    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
    $29,976
    $275,400
    $826,200
    $1,101,600
    -
    $688,500
    $2,065,500
    $2,754,000

    Comparable in this City

    • Value Estimation
      $875,000
      29,419 SF

      620 Frazier Dr

      RETAIL STORES (PERSONAL SERVICES) • 29,419 SF
      620 Frazier Dr, Franklin, TN 37067-8266
      View Details
    • Value Estimation
      $650,000
      19,486 SF

      3021 Mallory Ln

      RETAIL STORES (PERSONAL SERVICES) • 19,486 SF
      3021 Mallory Ln, Franklin, TN 37067-2805
      View Details
    • Value Estimation
      $830,000
      22,205 SF

      4115 Mallory Ln

      RETAIL STORES (PERSONAL SERVICES) • 22,205 SF
      4115 Mallory Ln, Franklin, TN 37067-2906
      View Details
    • Value Estimation
      $850,000
      22,060 SF

      9040 Carothers Pkwy Ste B101

      RETAIL STORES (PERSONAL SERVICES) • 22,060 SF
      9040 Carothers Pkwy Ste B101, Franklin, TN 37067-6307
      View Details
    • Value Estimation by Request
      10,887 SF

      4601 Carothers Pkwy, Unit 350

      RETAIL STORES (PERSONAL SERVICES) • 10,887 SF
      4601 Carothers Pkwy, Franklin, TN 37067-5976
      View Details
    • Value Estimation by Request
      8,802 SF

      4601 Carothers Pkwy Ste, Unit 150

      RETAIL STORES (PERSONAL SERVICES) • 8,802 SF
      4601 Carothers Pkwy Ste, Franklin, TN 37067-6028
      View Details

    Similar Nearby for Sale

    • $1,199,900

      Equestrian Farm in Franklin

      Equestrian farm with barn, sand ring, and farmhouse.
      921 Hickory Hills Dr, Franklin, TN 37067
      View Details
    • $2,200,000

      Franklin Land with Approved Building

      10.44 acres approved for a 6-bedroom residence.
      4092 Clovercroft Rd, 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
    • $1,600,000

      Land For Sale Franklin, TN

      Land available for purchase in Franklin, Tennessee.
      1630 Murfreesboro Rd, 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
      6.52 Acres

      Cool Springs Commercial Land

      6.52 Acres, I-65 Visibility, Prime Location
      1340 Huffines Rdg Dr, Franklin, TN 37067
      View Details

    Similar Nearby for Lease

    • $42 SF/Yr
      1,500 SF

      Retail Space on Carothers Parkway

      Retail space available for lease on Carothers Parkway.
      9050 Carothers Pkwy, Franklin, TN 37067
      View Details
    • Contact for pricing
      9,283 SF

      Retail Space in Franklin, TN

      Retail space available for lease in Franklin, Tennessee.
      1761 Galleria Blvd, Franklin, TN 37067
      View Details
    • $33 SF/Yr
      1,370 SF

      Retail Space in Franklin, TN

      Retail space available for lease in Franklin, Tennessee.
      330 Mayfield Dr, Franklin, TN 37067
      View Details
    • Contact for pricing
      2,371 SF

      Retail Space in McEwen Northside

      Urban retail space in a thriving Cool Springs community.
      5001 Aspen Grove Dr, Franklin, TN 37067
      View Details
    • Contact for pricing
      2,747 SF

      Retail Space in McEwen Northside

      Urban retail space in a thriving Cool Springs community.
      4020 W Mcewen Dr, Franklin, TN 37067
      View Details
    • Contact for pricing

      Retail Outparcel in Cool Springs

      Located in a super-regional mixed-use trade area near major retailers.
      300 Spring Creek 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.
    3351 Aspen Grove Dr
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.