509 New Highway 96Franklin, TN 37064

  • Office properties
  • 3,140 SF
For Lease
$32/SF/YR View listing

Property Details for 509 New Highway 96

Year built
2008
Lot size
0.07 AC
Property size (Sq ft)
3,140 SF
Property type
Office properties
APN
094078B A 00400C008
APU
094078BA00400C008

Description

This ±1,041 square foot office condo, available October 1, 2024, is located in the Corporate Woods, Building I, at 509 New Hwy 96 W, Franklin, TN 37064. Situated within a larger 13,104 square foot, two-story Class B building constructed in 2007, this suite is ideal for office or medical use. The space boasts three private offices (two with windows, one interior), a reception area, a galley kitchen, and access to shared restrooms. Modern finishes include a combination of resilient flooring and carpet. The property offers convenient access via Glass Ln and includes 46 total parking spaces and an elevator. The building sits on 2.6 acres of land and is part of the Franklin submarket. Monument and door signage opportunities are available. This suite is part of a multi-tenant building with a total of 3,056 square feet currently vacant. The property's APN is 078B-A-004.00-C-002.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $542,442
    6.5%
    $500,715
    7%
    $464,950
  • Comparable approach

    Method
    Valuation
    Relative Method
    $270,291
    Geo Method
    $270,291
  • Alternative Use

    Use
    Valuation
    Residential
    $620,887
    Hospitality
    $568,729
    Educational
    $473,176
    Medical
    $489,449
    Retail
    $736,051

Location Insight

City
Franklin
County
Williamson
State
Tennessee
Latitude
35.9252
Longitude
-86.8838
CBSA code
34980
CBSA name
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$8,545
$94,200
$219,800
$314,000
-
$235,500
$549,500
$785,000

FAQs

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