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    400 Old Peytonsville Rd Franklin, TN 37064
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    400 Old Peytonsville Rd Franklin, TN 37064

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    • Commercial real estate
    • 7.45 lot acres
    For Sale
    $7,000,000
    View Listing →
    Prime Commercial Development Opportunity For Sale
    $7,000,000
    4,802 SF

    Prime Commercial Development Opportunity

    RC12 zoned land with high visibility and diverse uses.

    400 Old Peytonsville Rd, Franklin, TN 37064
    View Listing
    Property ID
    US80-0847713
    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

    • Commercial real estate

    Property Details for 400 Old Peytonsville Rd

    Lot size
    7.45 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 7.45-acre commercial land parcel presents a prime development opportunity in rapidly growing Franklin, Tennessee. Located at 400 Old Peytonsville Rd, 37064, this property boasts unparalleled visibility from Interstate 65, with an estimated daily traffic count exceeding 100,000 vehicles. Zoned RC-12, the site allows for the construction of a building up to twelve stories high, accommodating a diverse range of uses. Permitted uses include commercial, mixed-use, large-scale office and retail developments, civic buildings, hotels with over 100 rooms, and multifamily residential projects. All essential utilities are readily available on-site, including sewer, reclaimed water, gas, power, and fiber internet. The property enjoys approximately 475 feet of road frontage on Old Peytonsville Road and benefits from convenient I-65 access within half a mile. Situated adjacent to the Berry Farms development, this location offers exceptional access to a thriving community. Five Mile Creek borders the western rear of the property, presenting potential for incorporating a park or recreational area into any development plan. Please note that existing homes on the property are occupied and unavailable for showings. The property is valued for land only

    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
    -86.83194409668
    Latitude
    35.863808493402

    Comparable in this City

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      Williamson County Land with Commercial Potential

      12.10 acres with commercial zoning near I-840 interchange.
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    Similar Nearby for Sale

    • $16,500,000
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      Downtown Franklin Commercial Assemblage Opportunity

      Prime 0.71-acre site in Downtown Franklin for mixed-use development.
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    • $995,000
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      Franklin Commercial Building with Garage

      Commercial building with garage near downtown Franklin amenities.
      1191 W Main St, Franklin, TN 37064
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    • $2,200,000
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      Williamson County Land with Commercial Potential

      12.10 acres with commercial zoning near I-840 interchange.
      4767 Peytonsville Rd, Franklin, TN 37064
      View Details
    • $6,749,000
      6,604 SF

      Historic Downtown Franklin Adaptable Property

      Historically significant property suitable for various uses in Downtown Franklin.
      108 Bridge St, Franklin, TN 37064
      View Details
    • $5,950,000
      10,064 SF

      Downtown Franklin Mixed-Use Gem

      Historic Franklin, 10,000 sq ft, prime location
      236 2Nd Ave, Franklin, TN 37064
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    • $2,875,000
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      Class A Office Condos

      Class A office condos in Franklin, TN for sale.
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      View Details

    Similar Nearby for Lease

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      Office space available in Franklin, twenty miles from Nashville.
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      Franklin Office Suite For Rent

      Class B office suite in a desirable Franklin location.
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      83,524 SF

      Class A Office Space Available

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      View Details
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    Franklin, TN 37064
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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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    400 Old Peytonsville Rd, Franklin, TN, 37064
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