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Property profile & analytics
OFF-MARKET
Estimated value
$2,965,000
Industrial properties
405 Duke Dr Franklin, TN 37067-2706
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US80-1369064
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL PARK
Year built
2005
Construction
FRAME
Total area
46,246 SF
Lot
6.04 ac (263,102 SF)
APN
094062 04511
UPID
US80-1369064
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
-
Pierian Biosciences Medical Laboratory Corporate Office
-
Southern States Survey Inc Land Surveyor
-
Ancient Nutrition Corporate Office
-
MCMC LLC Accounting Firm Tax Preparation
-
CareWorks Managed Care Services Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.11M
Blend (final)
Blend
$2.97M
Owner & transaction history
Svt Aspen Corp Center 200 LP · 11 yrs held
Svt Aspen Corp Center 200 LP
since 2015
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.5M
+111.8%
Warehouse, storage
$3.7M
+73.5%
Auto repair, garage
$3.0M
+40.6%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,115,000
Current use
RETAIL STORES
$4,480,000
Change: +112% · Conversion: Moderate
WAREHOUSE, STORAGE
$3,670,000
Change: +74% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,975,000
Change: +41% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,490,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$2.97M
Range $2.67M – $3.26M · ±10%
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
$64 / 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
$87,327
Tax year 2023
Assessed value
$3,209,120
Assessed 2023
Previous assessed
$3,209,120
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$1,334,840
Assessed improvement
$1,874,280
Land market value
$3,337,100
Improvement market value
$4,685,700
Total market value
$8,022,800
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
Industrial properties
Use group
INDUSTRIAL PARK
Status
Off-Market
Year built
2005
Construction
FRAME
Heating
NONE
Cooling
YES
Stories
1
Units
1
Bathrooms
5
Total area
46,246 SF
Lot
6.04 ac (263,102 SF)
APN
094062 04511
UPID
US80-1369064
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
INDUSTRIAL (GENERAL) Current
Est. value
$2.1M
RETAIL STORES
Est. value
$4.5M
WAREHOUSE, STORAGE
Est. value
$3.7M
AUTO REPAIR, GARAGE
Est. value
$3.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.5M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2005
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Bathrooms
5
Lot
6.04 ac
Current owner
From public records · entity-resolved
Svt Aspen Corp Center 200 LP
Entity
Mailing address
591 W PUTNAM AVE, GREENWICH, CT 06830-6005
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2018
—
Svt Aspen Corporate Center 200 LP
—
Deed
related
$667,640,000 · Morgan Stanley Bank NA
Apr 13, 2015
$7,392,000
Svt Aspen Corp Center 200 LP
Duke Realty LP
Grant Deed
—
—
—
Svt Aspen Corp Center 200 LP
—
Deed Of Trust
related
$183,000,000 · Morgan Stanley Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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