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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    500 Royal Oaks Ct Franklin, TN 37064-5449

    • Medical offices
    • 5,474 SF
    • 1.02 lot acres
    OFF-MARKET
    Value Estimations
    $520,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1698364
    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

    • Kemp & Rice Orthodontics / Orthodontist
    • David Kemp / Orthodontist

    Property Details for 500 Royal Oaks Ct

    Year built
    1996
    Construction
    WOOD
    Lot size
    1.02 lot acres
    Property size
    5,474 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    094079 09606
    APU
    9407909606

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $520,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $522,000
      Market price range: $203k - $969k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $525,000
      Current use
      RETAIL STORES
      $865,000
      Change: +64% Conversion: Difficult
      RESTAURANT
      $780,000
      Change: +48% Conversion: Difficult
      WAREHOUSE, STORAGE
      $540,000
      Change: +2% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Williamson
    State
    Tennessee
    Longitude
    -86.8453
    Latitude
    35.9072
    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
    $16,642
    $346,800
    $264,800
    $611,600
    -
    $867,000
    $662,000
    $1,529,000

    Comparable in this City

    • Value Estimation
      $1,050,000
      14,902 SF

      919 Murfreesboro Rd

      MEDICAL BUILDING • 14,902 SF
      919 Murfreesboro Rd, Franklin, TN 37064-3002
      View Details
    • Value Estimation
      $3,400,000
      4,210 SF

      1345 Main St

      MEDICAL BUILDING • 4,210 SF
      1345 Main St, Franklin, TN 37064-3732
      View Details
    • Value Estimation
      $545,000
      5,672 SF

      1311 Main St

      MEDICAL BUILDING • 5,672 SF
      1311 Main St, Franklin, TN 37064-3300
      View Details
    • Value Estimation
      $1,025,000
      13,880 SF

      225 Bedford Way

      MEDICAL BUILDING • 13,880 SF
      225 Bedford Way, Franklin, TN 37064-5527
      View Details
    • Value Estimation
      $2,745,000
      22,562 SF

      206 Bedford Way

      MEDICAL BUILDING • 22,562 SF
      206 Bedford Way, Franklin, TN 37064-5526
      View Details
    • Value Estimation by Request
      2,249 SF

      407 Church St

      MEDICAL BUILDING • 2,249 SF
      407 Church St, Franklin, TN 37064-4621
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,971 SF

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      Bookers Corner Medical Building For Sale
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    • $1,950,000
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      Franklin Office Building - Great Location!

      15 Offices, Loading Dock, 4,950 SF
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      Land with Creek and Pasture

      15+/- acre tract with creek, pasture, and building site.
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      Land For Sale Franklin, TN

      Land available for purchase in Franklin, Tennessee.
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    • Contact for pricing
      6,059 SF

      Former Financial Services Building

      6,059 SF building on 1.41 acres in Franklin, TN.
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    • $1,250,000

      Franklin TN Land Opportunity

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    Similar Nearby for Lease

    • $35 SF/Yr
      83,524 SF

      Class A Office Space Available

      Sublease opportunity with brand new buildout and immediate availability.
      4068 Rural Plains Cir, Franklin, TN 37064
      View Details
    • $28 SF/Yr
      2,084 SF

      Riverside Drive Office Space Available

      Office space with balcony available for immediate occupancy.
      377 Riverside Dr, Franklin, TN 37064
      View Details
    • $11,570 /Mo

      Historic Commercial Space in Franklin

      Versatile commercial space in a historic downtown Franklin landmark.
      137 3Rd Ave N, Franklin, TN 37064
      View Details
    • $27 SF/Yr
      5,796 SF

      Franklin Office Space For Lease

      Office space available for lease in Franklin, Tennessee.
      381 Riverside Dr, Franklin, TN 37064
      View Details
    • $32 SF/Yr
      1,022 SF

      Private Office Space Available

      Office space for lease with ample parking and natural light.
      103 Forrest Crossing Blvd, Franklin, TN 37064
      View Details
    • Contact for pricing
      7,228 SF

      Franklin Office Space For Rent

      Office space with fitness center and dual-feed power services.
      302 Innovation Dr, Franklin, TN 37064
      View Details
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    500 Royal Oaks Ct
    Franklin, TN 37064-5449
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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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