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Property profile & analytics
FOR LEASE
Office Spaces
501 Corporate Centre Dr Franklin, TN 37067
Individually Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US80-3510475
For Lease
1 / 2
$26,925,000
501 Corporate Centre Dr, Franklin, TN 37067
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1997
Construction
STEEL FRAME
Total area
158,809 SF
Lot
9.69 ac (422,096 SF)
APN
094062 01009
UPID
US80-3510475
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
-
Craig Development LLC Construction Company General Contractor
-
Summit BHC Corporate Office
-
Peter Rock Consulting, Inc. Consultant Business Management Consultant
-
Greensview Wealth Management Financial Advisor
-
Northwestern Mutual Investment Services, LLC: James Michael Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$17.70M
Comparable Approach
Comparable
$33.70M
Blend (final)
Blend
$26.93M
Owner & transaction history
Boyle Cool Springs Jv · 8 yrs held
Boyle Cool Springs Jv
since 2018
3 recorded transactions
Zoning & alternative use
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$19,175,000
6.5%
$17,700,000
7%
$16,435,000
Blend value · Realmo final
$26.93M
Range $24.23M – $29.62M · ±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
$170 / 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
$324,062
Tax year 2023
Assessed value
$15,030,000
Assessed 2023
Previous assessed
$15,030,000
+0.0% YoY
Effective rate
2.16%
On assessed value
Assessed land
$3,922,120
Assessed improvement
$11,107,880
Land market value
$4,188,500
Improvement market value
$390,100
Total market value
$4,578,600
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
1997
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
6
Units
1
Bathrooms
34
Total area
158,809 SF
Lot
9.69 ac (422,096 SF)
APN
094062 01009
UPID
US80-3510475
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
Building & site characteristics
From public records
Year built
1997
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
6
Units
1
Bathrooms
34
Lot
9.69 ac
Current owner
From public records · entity-resolved
Boyle Cool Springs Jv
Individual
Mailing address
2000 MERIDIAN BLVD STE #250, FRANKLIN, TN 37067-6362
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
May 23, 2018
—
Boyle Cool Springs Jv
—
Loan Modification
related
$35,000,000 · Miscellaneous Ins Co
Sep 3, 2010
—
Boyle Cool Springs Jv
—
Deed Of Trust
related
$21,085,341 · Northwestern Mutual Life Ins
—
—
Boyle Cool Springs Jv
—
Loan Modification
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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