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    5605 Franklin Pike Cir Brentwood, TN 37027
    Property profile & analytics

    5605 Franklin Pike Cir, Brentwood, TN 37027

    View on Map
    • Commercial real estate
    • 9.40 lot acres
    Off-Market
    Property ID
    US80-1233188
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 5605 Franklin Pike Cir

    Lot size
    9.40 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 9.4-acre residential land parcel in Brentwood, Tennessee, presents a unique investment opportunity. Located at 5605 Franklin Pike, 37027, this leveled lot boasts high visibility due to its location at the intersection of two major roadways, experiencing a traffic count of 56,881 vehicles daily. The property includes three existing houses, built between the late 1940s and the 1990s, offering potential for renovation, repurposing, or redevelopment. Its prime location offers unparalleled exposure, situated near I-65, a Shell gas station, and numerous shopping, retail, and dining options. Additional addresses included in this offering are 5601 Franklin Pike and 5609 Franklin Pike, as well as 800 Old Hickory Blvd. The property is zoned for residential use and offers multiple access points from Franklin Pike and Old Hickory Boulevard. This rare Brentwood offering, situated within the City of Oak Hill and Davidson County, presents a compelling opportunity for developers seeking to capitalize on the high demand for residential properties in this thriving area. The asking price is $5,500,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Brentwood
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.787098
    Latitude
    36.039238

    Comparable in this City

    • $2,000,000

      Development Land on Franklin Road

      10 acres of R-2 zoned land ready for development.
      1605 Franklin Rd, Brentwood, TN 37027
      View Details
    • $2,400,000

      Prime Commercial Land on Franklin

      Flat, commercially zoned 1.84-acre property on Franklin Road.
      1605 Franklin Rd, Brentwood, TN 37027
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    • Contact for pricing

      Brentwood Commercial Land For Sale

      1.31 acres of commercially zoned land in Brentwood, TN.
      Summit View Dr, Brentwood, TN 37027
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      Land For Sale

      Land available for sale in Brentwood, Tennessee.
      7036 Moores Ln, Brentwood, TN 37027
      View Details
    • Contact for pricing
      6 SF

      Entitled Retail Office Development Site

      Fully entitled for a three-story retail and office building with strong frontage and convenient interstate access.
      1615 Franklin Rd, Brentwood, TN 37027
      View Details
    • $935,000

      Land Near Cool Springs

      3.99 acre lot near Cool Springs with no HOA.
      1655 Valle Verde Dr, Brentwood, TN 37027
      View Details

    Similar Nearby for Sale

    • $2,000,000

      Development Land on Franklin Road

      10 acres of R-2 zoned land ready for development.
      1605 Franklin Rd, Brentwood, TN 37027
      View Details
    • $2,400,000

      Prime Commercial Land on Franklin

      Flat, commercially zoned 1.84-acre property on Franklin Road.
      1605 Franklin Rd, Brentwood, TN 37027
      View Details
    • Contact for pricing

      Brentwood Commercial Land For Sale

      1.31 acres of commercially zoned land in Brentwood, TN.
      Summit View Dr, Brentwood, TN 37027
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale in Brentwood, Tennessee.
      7036 Moores Ln, Brentwood, TN 37027
      View Details
    • Contact for pricing
      6 SF

      Entitled Retail Office Development Site

      Fully entitled for a three-story retail and office building with strong frontage and convenient interstate access.
      1615 Franklin Rd, Brentwood, TN 37027
      View Details
    • $750,000

      Land For Sale

      Land available off Franklin Road near Coolsprings.
      1200 Longstreet Cir, Brentwood, TN 37027
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Brentwood Center

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      Seven Springs

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      TN, Brentwood - Summit View Drive

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      201 Summit View Dr, Brentwood, TN 37027
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      2,602 SF

      Brentwood Office Space For Lease

      Office space available for lease in Brentwood, Tennessee.
      6 Cadillac Dr, Brentwood, TN 37027
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    • $38 SF/Yr

      Class A Office Space Available

      Second-generation office space with high walkability and generous common areas.
      211 Franklin Rd, Brentwood, TN 37027
      View Details
    • Contact for pricing
      5,354 SF

      Class A Office Space Available

      Class A office building with recent renovations and convenient location.
      9020 Overlook Blvd, Brentwood, TN 37027
      View Details
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    5605 Franklin Pike Cir
    Brentwood, TN 37027
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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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