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Property profile & analytics
OFF-MARKET
Estimated value
$3,960,000
Retail space
813 Columbia Ave Franklin, TN 37064-8221
Entity Owned
4-yr Hold
Free & Clear
Property ID
US80-1738321
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1937
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,248 SF
Lot
0.3 ac (13,068 SF)
APN
094078F B 01300
UPID
US80-1738321
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
-
Branch Building Group Construction Company
-
LaSalle Custom Design Studio, LLC Interior Design Home Decor Store
-
Austin Bryant Moore General Contractor Renovation Specialist
-
McDonald Insurance & Financial Services Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.07M
CAP Approach
CAP
$2.63M
Comparable Approach
Comparable
$2.83M
Blend (final)
Blend
$3.96M
Owner & transaction history
Aig Franklin LLC · 4 yrs held
Aig Franklin LLC
since 2022
Last sale
$4.0M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.9M
+2.3%
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
$5,235,000
ML approach
$5,065,000
CAP Approach
CAP Return
Estimation
6%
$2,845,000
6.5%
$2,630,000
7%
$2,440,000
Alternative Use
Use
Estimation
RETAIL STORES
$5,755,000
Current use
AUTO REPAIR, GARAGE
$5,890,000
Change: +2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,010,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$3.96M
Range $3.56M – $4.36M · ±10% · vs last sale $4.00M (May 24 2022)
Last sale anchor
$4.00M
May 24 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
$386 / 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
$15,561
Tax year 2023
Assessed value
$571,840
Assessed 2023
Previous assessed
$571,840
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$480,000
Assessed improvement
$91,840
Land market value
$1,200,000
Improvement market value
$229,600
Total market value
$1,429,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1937
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Bathrooms
1
Total area
10,248 SF
Lot
0.3 ac (13,068 SF)
APN
094078F B 01300
UPID
US80-1738321
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
RETAIL STORES Current
Est. value
$5.8M
AUTO REPAIR, GARAGE
Est. value
$5.9M
COMMERCIAL (GENERAL)
Est. value
$5.0M
RETAIL STORES Current
AUTO REPAIR, GARAGE
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
1937
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
Aig Franklin LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2000 MORRIS AVE APT #1300, BIRMINGHAM, AL 35203-4163
Ownership since
2022
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
Apr 2, 2026
—
Aig Franklin LLC
—
Deed
related
$70,000,000 · Servisfirst Bank
May 24, 2022
$4,000,000
Aig Franklin LLC
Wendy Anne Kurland
Special Warranty 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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