Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$11,390,000
Medical Office Space
740 Cool Spgs Blvd Franklin, TN 37067-6448
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-1191679
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
35,512 SF
Lot
3.02 ac (131,551 SF)
APN
094061 00100
UPID
US80-1191679
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
$10.61M
CAP Approach
CAP
$7.56M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.39M
Owner & transaction history
Hsre Sg I Gp · 4 yrs held
Hsre Sg I Gp
since 2021
Last sale
$13.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.0M
+41.1%
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
$10,605,000
CAP Approach
CAP Return
Estimation
6%
$8,190,000
6.5%
$7,560,000
7%
$7,020,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$8,025,000
Change: +41% · Conversion: Easy
Blend value · Realmo final
$11.39M
Range $10.25M – $12.53M · ±10% · vs last sale $13.50M (Sep 7 2021)
Last sale anchor
$13.50M
Sep 7 2021
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
$321 / 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
$77,206
Tax year 2023
Assessed value
$3,612,920
Assessed 2023
Previous assessed
$3,612,920
+0.0% YoY
Effective rate
2.14%
On assessed value
Assessed land
$903,240
Assessed improvement
$2,709,680
Land market value
$1,825,600
Improvement market value
$6,087,100
Total market value
$7,912,700
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
2
Units
1
Bathrooms
27
Total area
35,512 SF
Lot
3.02 ac (131,551 SF)
APN
094061 00100
UPID
US80-1191679
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
$8.0M
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
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Units
1
Bathrooms
27
Lot
3.02 ac
Current owner
From public records · entity-resolved
Hsre Sg I Gp
Individual
Mailing address
444 W LK ST STE #2100, CHICAGO, IL 60606-0069
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
22 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 7, 2021
$13,500,000
Hsre Sg I Gp
Asmi 740 Cool Springs Owner LLC
Special Warranty Deed
—
Dec 6, 2017
$98,557,405
Asmi 740 Cool Springs Owner LLC
Cool Springs Group LLC
Special Warranty Deed
—
Apr 10, 2017
—
Cool Springs Group LLC
—
Grant Deed
related
$6,300,000 · Servisfirst Bk
Mar 23, 2007
$225,000
Cool Springs Group LLC
Agilitas Property Dev INC
Grant Deed
$7,000,000 · Key Bank & Trust
Mar 23, 2007
$1,950,000
Cool Springs Group LLC
Physicians Plaza Of Cool Springs
Grant Deed
—
Apr 1, 2005
$1,092,347
Ddb Investments
Cool Springs Group LLC
Quit Claim Deed
related
$5,290,000 · Suntrust Bank
Apr 1, 2005
—
Cool Springs Group LLC
Chance,homer E & Randy E
Quit Claim Deed
related
—
Oct 15, 2004
$1,447,017
Colony Group Ltd
Morris,e R
Grant Deed
$1,087,000 · National Bank Commerce Tr & Sa
Oct 11, 2004
—
E R Morris
Morris Of Hollingsworth Props
Quit Claim Deed
related
$161,250 · Southstar Funding LLC
Mar 31, 1998
$231,000
Forrest Construction Compa
Forrest,construc
Grant Deed
related
—
Mar 13, 1998
$154,000
Riverbirch Homes LLC
Forrest,construc
Grant Deed
—
Jan 14, 1998
$105,000
Paul Litchy
—
Grant Deed
related
—
Dec 23, 1997
$849,850
Cool Springs Hotel Associa
Litchy,paul
Grant Deed
—
Dec 16, 1997
—
The City Of Franklin
Litchy,paul
Grant Deed
related
—
Nov 25, 1997
$76,151
Springs Real Estate A Cool
Litchy,paul
Grant Deed
—
Nov 24, 1997
—
Forrest Construction Compa
Litchy,paul
Trustees Deed
related
—
Nov 5, 1997
$365,000
Newmark Homes LP
Litchy,paul
Grant Deed
—
Nov 3, 1997
$77,000
James D Fox
Litchy,paul
Grant Deed
—
Jan 19, 1995
$2,925,000
Crown Brook Associates LP
Crown,brook Asso
Grant Deed
related
—
Jan 5, 1995
$24,810
Gillespie,dr Multi-family
Crown,brook Asso
Trustees Deed
—
Jan 5, 1995
$2,925,000
Cool,jefferson At
Crown,brook Asso
Trustees Deed
$1,804,000 · Cool Springs Real Estate Assoc
—
—
Bradley L Davis
—
Deed Of Trust
related
$270,000 · Peoples State Bank Cmrc
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 740 Cool Spgs Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
