Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    424 Lewisburg Ave Franklin, TN 37064-2801
    Back to Search
    Property profile & analytics

    424 Lewisburg Ave, Franklin, TN 37064-2801

    View on Map
    • Warehouses
    • 24,378 SF
    • 15.69 lot acres
    Off-Market
    Last Sale Jan 19, 2022
    $37,333
    Property ID
    US80-1729353
    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
    $2,925,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Huskey Truss & Building Supply / Building Supply / Hardware & Home Improvement

    Property Details for 424 Lewisburg Ave

    Year built
    1966
    Lot size
    15.69 lot acres
    Property type
    Warehouses
    APN
    094078 04400
    APU
    9407804400

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 19, 2022 — Huskey Family Limited Partnership James A Huskey Intrafamily Transfer · related —
    Aug 20, 2008 — James A Huskey James A Huskey Intrafamily Transfer · related $2.5M · Pinnacle National Bank
    Dec 27, 1991 $37,333 James A Huskey Unknown Grant Deed —
    Jan 4, 1989 $525,000 Huskey Lumber Co Unknown, Grant Deed —
    — — James A Huskey — Loan Modification · related $2.3M · Pinnacle Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,545,000
      6.5%
      $3,270,000
      7%
      $3,035,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,747,000
      Market price range: $1.26M - $3.86M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $4,575,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Williamson
    State
    Tennessee
    Longitude
    -86.8665
    Latitude
    35.9121
    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
    $38,917
    $917,880
    $512,240
    $1,430,120
    -
    $2,294,700
    $1,280,600
    $3,575,300

    Comparable in this City

    • Value Estimation by Request
      18,000 SF

      140 Alpha Dr

      MINI-WAREHOUSE, STORAGE
      140 Alpha Dr, Franklin, TN 37064
      View Details
    • Value Estimation
      $5,720,000
      23,700 SF

      203 Downs Blvd

      WAREHOUSE, STORAGE
      203 Downs Blvd, Franklin, TN 37064-3823
      View Details
    • Value Estimation
      $1,330,000
      8,404 SF

      1125 Harpeth Industrial Ct

      WAREHOUSE, STORAGE
      1125 Harpeth Industrial Ct, Franklin, TN 37064-6302
      View Details
    • Value Estimation by Request
      3,000 SF

      304 Century Ct

      WAREHOUSE, STORAGE
      304 Century Ct, Franklin, TN 37064-3918
      View Details
    • Value Estimation
      $640,000
      5,000 SF

      300 Century Ct

      WAREHOUSE, STORAGE
      300 Century Ct, Franklin, TN 37064-3918
      View Details
    • Value Estimation by Request
      5,300 SF

      100 Confederate Dr

      WAREHOUSE, STORAGE
      100 Confederate Dr, Franklin, TN 37064-3817
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      200,755 SF

      Industrial Space Ready Q3 2025

      Industrial property with flexible configurations, ready for occupancy Q3 2025.
      117 Parkway SE, Franklin, TN 37064
      View Details
    • Contact for pricing
      4,000 SF

      Retail Building on Columbia Avenue

      4,000 SF retail building with ample parking.
      2000 Columbia Ave, Franklin, TN 37064
      View Details
    • Contact for pricing
      112,845 SF

      New Self-Storage Development Opportunity

      Premier self-storage development in Franklin, Tennessee, delivering July 2026.
      2406 Goose Creek Byp, Franklin, TN 37064
      View Details
    • $17,500,000

      Franklin Residential Development Opportunity

      185.42 acres for residential development in Franklin, Tennessee.
      4540 Peytonsville Rd, Franklin, TN 37064
      View Details
    • $2,750,000
      2,668 SF

      Commercial Land Near Harlinsdale Farm

      Commercial property with multiple uses and road frontage.
      227 Franklin Rd, Franklin, TN 37064
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,410 SF

      Franklin Warehouse Space Available

      Industrial warehouse space available for lease in Franklin, Tennessee.
      225 Noah Dr, Franklin, TN 37064
      View Details
    • Contact for pricing
      47,022 SF

      Westhaven Town Center Retail

      Prime Retail Space in Growing Westhaven
      1025 Westhaven Blvd, Franklin, TN 37064
      View Details
    • Contact for pricing
      1,285 SF

      Franklin Office Space For Lease

      Office space available for lease in Franklin, Tennessee.
      381 Riverside Dr, Franklin, TN 37064
      View Details
    • Contact for pricing

      Office Space in Growing Franklin

      Office space available in Franklin, twenty miles from Nashville.
      224 3Rd Ave North, Franklin, TN 37064
      View Details
    • Contact for pricing
      7,982 SF

      Retail Space in Franklin, TN

      Retail space available for lease in Franklin, Tennessee.
      17000 Middleton Cir, Franklin, TN 37064
      View Details
    • Contact for pricing
      3,226 SF

      Berry Farms Xing Office Space

      Class A office space with convenient parking in Franklin, TN.
      7020 Berry Farms Xing, Franklin, TN 37064
      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.
    424 Lewisburg Ave
    Franklin, TN 37064-2801
    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

    Thank You for Inquiry
    424 Lewisburg Ave, Franklin, TN, 37064
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!