Back to Search
Property profile & analytics
FOR LEASE
Warehouses
1 Waldenbooks Dr La Vergne, TN 37086
Entity Owned
7-yr Hold
Free & Clear
Property ID
US80-1631952
For Lease
1 / 2
$34,385,000
1 Waldenbooks Dr, La Vergne, TN 37086
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1989
Total area
540,100 SF
Lot
32.42 ac (1,412,215 SF)
Zoning code
I-Z
APN
029-003.01-000
UPID
US80-1631952
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
-
Saks Fifth Avenue Distribution Center Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$34.39M
Owner & transaction history
Dct Of Spf Interchange City LLC · 7 yrs held
Dct Of Spf Interchange City LLC
since 2018
7 recorded transactions
Zoning & alternative use
I-Z · La Vergne, TN
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 La Vergne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs La Vergne 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$64 / 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
$213,021
Tax year 2023
Assessed value
$8,829,880
Assessed 2024
Previous assessed
$8,829,880
+0.0% YoY
Effective rate
2.41%
On assessed value
Assessed land
$1,050,600
Assessed improvement
$7,779,280
Land market value
$2,626,500
Improvement market value
$19,448,200
Total market value
$22,074,700
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1989
Heating
SPACE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Bathrooms
27
Total area
540,100 SF
Lot
32.42 ac (1,412,215 SF)
Zoning code
I-Z
APN
029-003.01-000
UPID
US80-1631952
Jurisdiction
RUTHERFORD
Zoning & alternative use
I-Z · La Vergne, TN
Zoning I-Z · permitted uses
I-Z · La Vergne, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
La Vergne. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1989
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
27
Lot
32.42 ac
Current owner
From public records · entity-resolved
Dct Of Spf Interchange City LLC
Entity
Free & Clear · 7 yrs held
Mailing address
1800 WAZEE ST STE #500, DENVER, CO 80202-2526
Ownership since
2018
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
Dec 27, 2018
—
Dct Of Spf Interchange City LLC
Dct Of Spf Borders General Ptshp
Quit Claim Deed
related
—
Jan 7, 2008
—
Dct Of Spf Borders General Ptshp
Church Street Ptshp
Quit Claim Deed
related
—
May 27, 2003
$21,822,500
Church Street Partnership
Nashville,interc
Grant Deed
—
Nov 27, 2002
$27,000
City Of Lavergne Tn
Nashville,interc
Grant Deed
—
Jun 28, 1989
$12,700,000
Interchange Dist Ltd Pt
Unknown
Grant Deed
—
Jun 27, 1989
$12,700,000
Interchange Dist Ltd Pt
Unknown,
Grant Deed
—
Dec 5, 1988
$1,549,355
Cmsn-interchange Ltd Part
Unknown,
Grant 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.
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?”
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.
