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Property profile & analytics
OFF-MARKET
Banks
50 Main St Franklin, NC 28734-3006
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1847176
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1988
Construction
BRICK
Total area
16,122 SF
Lot
1.15 ac (50,094 SF)
Zoning code
FC1
APN
6594191745
UPID
US53-1847176
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
-
Patty Mason Loan Service Bank
-
First Citizens Bank Bank Loan Service
-
Patrick Dowling Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Kevin Klatt · 4 yrs held
Kevin Klatt
since 2022
2 recorded transactions
Zoning & alternative use
FC1 · Franklin, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$17,699
Tax year 2023
Assessed value
$5,430,680
Assessed 2023
Previous assessed
$4,382,820
+23.9% YoY
Effective rate
0.33%
On assessed value
Assessed land
$690,000
Assessed improvement
$4,740,680
Land market value
$690,000
Improvement market value
$4,740,680
Total market value
$5,430,680
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1988
Construction
BRICK
Heating
HEAT PUMP
Cooling
YES
Stories
2
Bathrooms
1
Total area
16,122 SF
Lot
1.15 ac (50,094 SF)
Zoning code
FC1
APN
6594191745
UPID
US53-1847176
Jurisdiction
MACON
Zoning & alternative use
FC1 · Franklin, NC
Zoning FC1 · permitted uses
FC1 · Franklin, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Franklin. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1988
Construction
BRICK
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Bathrooms
1
Lot
1.15 ac
Current owner
From public records · entity-resolved
Kevin Klatt
Individual
Free & Clear · 4 yrs held
Mailing address
14 1ST CTR CT STE A, FRANKLIN, NC 28734-0095
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2022
—
Kevin Klatt
Adam L Shealy
Deed
related
—
Sep 22, 2020
—
Ernest A Klatt
Ernest A Klatt
Deed
related
—
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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