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Property profile & analytics
OFF-MARKET
Estimated value
$47,495,000
Super regional malls
770 Jordan Rd Franklin, TN 37067-4215
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US80-3383369
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
2019
Total area
182,125 SF
Lot
13.95 ac (607,662 SF)
APN
094062 02100
UPID
US80-3383369
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
by Request
CAP Approach
CAP
$43.49M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$47.50M
Owner & transaction history
Mg Fields Strato LLC · 1 yrs held
Mg Fields Strato LLC
since 2024
Last sale
$49.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$41.2M
+319.6%
Medical building
$29.2M
+197.3%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$47,110,000
6.5%
$43,485,000
7%
$40,380,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$41,155,000
Change: +320% · Conversion: Easy
MEDICAL BUILDING
$29,160,000
Change: +197% · Conversion: Difficult
Blend value · Realmo final
$47.50M
Range $42.75M – $52.24M · ±10% · vs last sale $49.50M (Dec 5 2024)
Last sale anchor
$49.50M
Dec 5 2024
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
$261 / 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
$464,258
Tax year 2023
Assessed value
$21,532,280
Assessed 2023
Previous assessed
$22,289,280
-3.4% YoY
Effective rate
2.16%
On assessed value
Assessed land
$5,572,320
Assessed improvement
$15,959,960
Land market value
$7,812,000
Improvement market value
$38,579,600
Total market value
$46,391,600
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
2019
Heating
YES
Cooling
YES
Stories
5
Bathrooms
3
Total area
182,125 SF
Lot
13.95 ac (607,662 SF)
APN
094062 02100
UPID
US80-3383369
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
$41.2M
MEDICAL BUILDING
Est. value
$29.2M
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
2019
Heating
YES
Cooling
Yes
Stories
5
Bathrooms
3
Lot
13.95 ac
Current owner
From public records · entity-resolved
Mg Fields Strato LLC
Entity
Mailing address
PO BOX 305, FRANKLIN, TN 37065-0305
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2024
$49,500,000
Mg Fields Strato LLC
3665 Mallory Jv LLC
Special Warranty Deed
$26,800,000 · First Horizon Bank
Aug 25, 2023
$30,834
City Of Franklin
3665 Mallory Jv LLC
Warranty Deed
—
Feb 21, 2020
—
3665 Mallory Jv LLC
—
Deed
related
$25,250,000 · Pinnacle Bk
Jan 26, 2017
$9,860,000
3665 Mallory Jv LLC
Duke Realty LP
Grant Deed
—
Jan 26, 2017
—
3665 Mallory Jv LLC
Duke Realty LP
Quit Claim Deed
related
—
Aug 22, 2008
—
Agl Of Slc Mcewen No 3 LLC
—
Trustees Deed
related
$2,850,000 · Bancorp South Bank
Oct 20, 2006
$8,567,380
Duke Realty
Sands Cecelia S 1998 Trust
Grant Deed
—
Oct 20, 2006
—
Duke Realty
Sands Cecelia S 1999 Trust
Quit Claim Deed
related
—
Aug 28, 1996
—
Valley Utility Dis Mallory
—
Deed Of Trust
related
—
—
—
3665 Mallory Jv LLC
—
Loan Modification
related
$25,250,000 · Pinnacle Bk
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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