Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1000 Herschel Dr Mount Juliet, TN 37122-6338

    • Hotels
    • 34,834 SF
    • 1.56 lot acres
    OFF-MARKET
    Value Estimations
    $650,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0390428
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Quality Inn & Suites / Hotel

    Property Details for 1000 Herschel Dr

    Year built
    2000
    Construction
    WOOD
    Lot size
    1.56 lot acres
    Property size
    34,834 SF
    Zone code
    CI
    Property type
    Hotels
    APN
    096 00302
    APU
    9600302

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $720,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $582,000
      Market price range: $421k - $1.31M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $650,000
      Current use
      WAREHOUSE, STORAGE
      $980,000
      Change: +51% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mount Juliet
    County
    Wilson
    State
    Tennessee
    Longitude
    -86.5153
    Latitude
    36.1698
    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
    $30,993
    $501,120
    $1,034,040
    $1,535,160
    -
    $1,252,800
    $2,585,100
    $3,837,900

    Comparable in this City

    • Value Estimation
      $1,155,000
      74,928 SF

      1980 Providence Pkwy

      HOTEL • 74,928 SF
      1980 Providence Pkwy, Mount Juliet, TN 37122-6494
      View Details
    • Value Estimation
      $1,125,000
      65,938 SF

      110 Providence Trl

      HOTEL • 65,938 SF
      110 Providence Trl, Mount Juliet, TN 37122-6386
      View Details
    • Value Estimation
      $885,000
      50,298 SF

      600 Red Ink Dr

      HOTEL • 50,298 SF
      600 Red Ink Dr, Mount Juliet, TN 37122-3377
      View Details
    • Value Estimation
      $3,225,000
      107,684 SF

      1975-1977 Providence Pkwy

      HOTEL • 107,684 SF
      1975-1977 Providence Pkwy, Mount Juliet, TN 37122
      View Details
    • Value Estimation
      $1,275,000
      97,874 SF

      75 Belinda Pkwy

      HOTEL • 97,874 SF
      75 Belinda Pkwy, Mount Juliet, TN 37122-3635
      View Details
    • Value Estimation
      $1,755,000
      104,714 SF

      5004 Crossings Cir

      HOTEL • 104,714 SF
      5004 Crossings Cir, Mount Juliet, TN 37122-8419
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Corner Lot on Lebanon Road

      Corner lot with high traffic count in Mt. Juliet.
      12840 Lebanon Rd, Mt Juliet, TN 37122
      View Details
    • Contact for pricing

      Commercial Outparcels for Hotel, Retail

      Pad-ready commercial outparcels entitled for multiple uses.
      400 Providence Pkwy, Mount Juliet, TN 37122
      View Details
    • $325,000

      Residential Land with Septic System

      3.49-acre lot with installed 4-bedroom septic system near 840.
      7166 Couchville Pike, Mount Juliet, TN 37122
      View Details
    • $1,650,000

      2.9 Acres on Mount Juliet

      2.9 acres suitable for restaurants, office, retail, and professional services.
      3007 Mount Juliet Rd, Mount Juliet, TN 37122
      View Details
    • $850,000

      Prime Commercial Land Opportunity

      1.83-acre commercial land with high visibility in Providence.
      1010 S Mount Juliet Rd, Mount Juliet, TN 37122
      View Details
    • $405,000
      1,237 SF

      Updated Villa in 55+ Community

      Move-in ready villa with updates in premier 55+ community.
      139 Old Towne Dr, Mount Juliet, TN 37122
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      633,786 SF

      Providence Marketplace Retail Space

      Wilson County, 717 SF Available
      & State Rt. 171 Providence Way, Mt. Juliet, TN 37122
      View Details
    • Contact for pricing
      35,320 SF

      Regional Power Center Space Available

      Premier shopping destination in Mt. Juliet, Tennessee, near Nashville.
      401 S Mount Juliet Rd, Mt Juliet, TN 37122
      View Details
    • $1,290 /Mo

      Office Suite Near I-40

      Office suite for rent with shared conference rooms and utilities.
      541 N Mount Juliet Rd, Mount Juliet, TN 37122
      View Details
    • $32 SF/Yr
      51,076 SF

      Mt. Juliet Medical Office Space

      Prime Medical Office Building, I-40 Access
      5002 Crossings Cir, Mt. Juliet, TN 37122
      View Details
    • $2,250 /Mo

      Modern Office Space Available

      Professionally designed office suite with modern amenities, move-in ready.
      9695 Lebanon Rd, Mount Juliet, TN 37122
      View Details
    • Contact for pricing
      124 SF

      Professional Office Spaces Available

      Private offices with shared amenities for rent in Mount Juliet.
      2442 N Mount Juliet Rd, Mount Juliet, TN 37122
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1000 Herschel Dr
    Mount Juliet, TN 37122-6338
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.