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Property profile & analytics
OFF-MARKET
Estimated value
$985,000
Outlet malls
71 Palmer St Franklin, NC 28734-3046
Entity Owned
1-yr Hold
Free & Clear
Property ID
US53-0952395
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1963
Total area
15,585 SF
Lot
1.46 ac (63,598 SF)
Zoning code
FC2
APN
6584999421
UPID
US53-0952395
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
-
Enterprise Rent-A-Car Car Rental Facility
-
Enterprise franklin Loan Service Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.22M
Blend (final)
Blend
$985k
Owner & transaction history
Enterprise Leasing Company-southeas · 1 yrs held
Enterprise Leasing Company-southeas
since 2024
Last sale
$975,000
3 recorded transactions
Zoning & alternative use
FC2 · 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
Method
Estimation
Statistic approach
$1,010,000
ML approach
$1,025,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±10% · vs last sale $975k (Jan 14 2022)
Last sale anchor
$975k
Jan 14 2022
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
$63 / 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
$3,571
Tax year 2023
Assessed value
$1,043,910
Assessed 2023
Previous assessed
$462,550
+125.7% YoY
Effective rate
0.34%
On assessed value
Assessed land
$164,250
Assessed improvement
$879,660
Land market value
$164,250
Improvement market value
$879,660
Total market value
$1,043,910
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1963
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
5
Bathrooms
3
Total area
15,585 SF
Lot
1.46 ac (63,598 SF)
Zoning code
FC2
APN
6584999421
UPID
US53-0952395
Jurisdiction
MACON
Zoning & alternative use
FC2 · Franklin, NC
Zoning FC2 · permitted uses
FC2 · 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
1963
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
5
Bathrooms
3
Lot
1.46 ac
Current owner
From public records · entity-resolved
Enterprise Leasing Company-southeas
Entity
Free & Clear · 1 yrs held
Mailing address
71 W PALMER ST, FRANKLIN, NC 28734-3046
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Dec 27, 2024
—
Enterprise Leasing Company-southeas
Patrick 5 Properties LLC
Deed
related
—
Jan 14, 2022
$975,000
Patrick 5 Properties LLC
Barrington Properties Of LLC
Warranty Deed
$917,500 · First Citizens Bank & Trust Co
Aug 7, 2014
$435,000
Barrington Properties Of Nc LLC
Glenda P Murray
Warranty Deed
$358,500 · Macon Bank INC
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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