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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Auto shops
705 Columbia Ave Franklin, TN 37064-2827
Trust Owned
8-yr Hold
Free & Clear
Property ID
US80-0805839
Property summary
AI-generated overview
This exceptional .44-acre commercial property, located at 705 Columbia Ave in the heart of Downtown Franklin, Tennessee (zip code 37064), presents a unique redevelopment opportunity. Situated on a corner lot at the intersection of Columbia Avenue and Church Street, this prime location offers unparalleled access to Franklin's vibrant 5-Points, Main Street, and Public Square. The property boasts 19,166 square feet and is zoned Central Commercial (CC) with a Columbia Avenue Overlay District 1 (CAO1) designation, allowing for a wide range of potential uses. Building heights of up to 3.5 stories are permitted. All essential public utilities, including sewer, water, electricity, and gas, are readily available on-site. Importantly, this property is not located within a historic overlay district. This legacy property offers developers a chance to create a significant landmark in a thriving downtown area. Detailed zoning information for CC and CAO1 is available through the City of Franklin, TN, Zoning Ordinance (links provided in original listing). This is a truly exceptional opportunity to capitalize on Franklin's dynamic growth and create a lasting legacy.
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1960
Total area
1,708 SF
Lot
0.44 ac (19,166 SF)
APN
094078C H 00500
UPID
US80-0805839
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
-
Lubrication Corner Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$465k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$591k
Blend (final)
Blend
$525k
Owner & transaction history
Pewitt,clyde Family Trust · 8 yrs held
Pewitt,clyde Family Trust
since 2017
2 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
$465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$835,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
$307 / 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
$10,938
Tax year 2023
Assessed value
$507,320
Assessed 2023
Previous assessed
$507,320
+0.0% YoY
Effective rate
2.16%
On assessed value
Assessed land
$480,000
Assessed improvement
$27,320
Land market value
$1,200,000
Improvement market value
$68,300
Total market value
$1,268,300
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1960
Heating
CENTRAL
Stories
1
Bathrooms
1
Total area
1,708 SF
Lot
0.44 ac (19,166 SF)
APN
094078C H 00500
UPID
US80-0805839
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$835,000
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1960
Heating
CENTRAL
Stories
1
Bathrooms
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
Pewitt,clyde Family Trust
Trust
Free & Clear · 8 yrs held
Mailing address
700 VERNON RD, FRANKLIN, TN 37067-8152
Ownership since
2017
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
Dec 28, 2017
—
Pewitt,clyde Family Trust
Pewitt Clyde
Quit Claim Deed
related
—
May 26, 1994
$11,500
State Of Tennessee
Unknown
Grant Deed
—
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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