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Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Individual retail properties
7115 Spgs Dr Franklin, TN 37067-1616
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US80-0191338
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
1996
Construction
FRAME
Total area
20,370 SF
Lot
3.23 ac (140,699 SF)
APN
094053 13203
UPID
US80-0191338
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$765k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$765k
Owner & transaction history
Wb Sports Of Nashville LLC · 20 yrs held
Wb Sports Of Nashville LLC
since 2005
7 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
$765,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,095,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$765k
Range $689k – $842k · ±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
$38 / 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
$50,330
Tax year 2023
Assessed value
$1,849,560
Assessed 2023
Previous assessed
$1,849,560
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$1,201,560
Assessed improvement
$648,000
Land market value
$3,003,900
Improvement market value
$1,620,000
Total market value
$4,623,900
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
1996
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
6
Total area
20,370 SF
Lot
3.23 ac (140,699 SF)
APN
094053 13203
UPID
US80-0191338
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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
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
1996
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
6
Lot
3.23 ac
Current owner
From public records · entity-resolved
Wb Sports Of Nashville LLC
Entity
Mailing address
7115 S SPGS DR, FRANKLIN, TN 37067-1616
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2019
—
Wb Sports Mob Of Cool Springs
—
Loan Modification
related
$6,129,235 · Tennessee Bk
Nov 6, 2007
—
Wb Sports Of Nashville LLC
—
Trustees Deed
related
$950,000 · First Tennessee Bank National
May 26, 2006
—
Wb Sports Of Nashville LLC
—
Trustees Deed
related
$950,000 · First Tennessee Bank National
Sep 15, 2005
$3,650,000
Wb Sports Of Nashville LLC
South Springs Realty LP
Special Warranty Deed
$5,500,000 · First Tennessee Bank NA
Feb 3, 1993
$1,200,000
South Springs Realty LP
Unknown
Grant Deed
—
—
—
Wb Sports Mob Of Cool Springs LLC
—
Deed Of Trust
related
$1,700,000 · Tennessee Bank & Trust Co
—
—
Wb Sports Mob Of Cool Springs LLC
—
Deed Of Trust
related
$5,900,000 · Tennessee Bank & Trust Co
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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