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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Retail space
105 Industrial Dr Mount Juliet, TN 37122-3167
Individually Owned
16-yr Hold
~
Est. High Equity
Property ID
US80-0440228
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2008
Total area
4,969 SF
Lot
1.47 ac (64,033 SF)
APN
072I D 02400
UPID
US80-0440228
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
-
VetMed Animal Health Veterinary Clinic
-
Complete Health Chriopractic Alternative Medicine Practice
-
Legends Title Services Title Company
-
Carolyn Christoffersen Law Firm
-
FedEx Drop Box Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$875k
Owner & transaction history
Gary Merritt · 16 yrs held
Gary Merritt
since 2010
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.3M
+95.4%
Medical building
$1.3M
+86.9%
Auto repair, garage
$970,000
+43.2%
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 Mount Juliet submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mount Juliet 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$680,000
Current use
COMMERCIAL (GENERAL)
$1,325,000
Change: +95% · Conversion: Easy
MEDICAL BUILDING
$1,270,000
Change: +87% · Conversion: Difficult
AUTO REPAIR, GARAGE
$970,000
Change: +43% · Conversion: Difficult
Blend value · Realmo final
$875k
Range $788k – $963k · ±10%
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
$176 / 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
$9,062
Tax year 2023
Assessed value
$448,840
Assessed 2023
Previous assessed
$448,840
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$70,200
Assessed improvement
$378,640
Land market value
$175,500
Improvement market value
$946,600
Total market value
$1,122,100
Applied tax rate
95.0000
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
2008
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
1
Bathrooms
6
Total area
4,969 SF
Lot
1.47 ac (64,033 SF)
APN
072I D 02400
UPID
US80-0440228
Jurisdiction
WILSON
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
$680,000
COMMERCIAL (GENERAL)
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$970,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
2008
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Bathrooms
6
Lot
1.47 ac
Current owner
From public records · entity-resolved
Gary Merritt
Individual
Mailing address
PO BOX 1636, MOUNT JULIET, TN 37121-1636
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 23, 2021
—
Gary Merritt
—
Deed
related
$1,400,000 · Volunteer State Bank
Jul 10, 2017
—
Gary Merritt
—
Trustees Deed
related
$1,475,000 · First Freedom Bk
Mar 22, 2010
—
Gary Merritt
Reddick,jim
Quit Claim Deed
related
—
Jun 20, 2008
—
Gary Merritt
—
Trustees Deed
related
$500,000 · Pinnacle National Bank
Sep 24, 2007
—
Gary Merrit
—
Trustees Deed
related
$300,000 · Bank Of The South
Jul 6, 2007
—
Gary Merritt
—
Trustees Deed
related
$200,000 · Bank Of The South
Dec 27, 2006
$420,000
Gary Merritt
Ib Property Holdings LLC
Grant Deed
$420,000 · Bank Of The South
Jun 2, 2006
$280,500
Ib Property Holdings LLC
Gillilan,gary
Trustees Deed
related
—
Sep 16, 2005
—
Ricky D Gillilan
Gillilan,pamela H
Quit Claim Deed
related
$490,000 · Silver Hill Financial LLC
—
—
Gary Merritt
—
Deed Of Trust
related
$1,412,567 · Pinnacle National Bank
—
—
Ricky D Gillilan
—
Deed Of Trust
related
$350,000 · Presidential Financial Corp
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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