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Property profile & analytics
OFF-MARKET Estimated value $1,205,000
Warehouses

105 Mundy Memorial Dr Mount Juliet, TN 37122-8604

19,830 SF 3.93 ac lot Built 2004
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US80-1230133
Property summary
AI-generated overview

This exceptional 20,046-square-foot industrial property in Mt. Juliet, Tennessee, presents a unique investment opportunity. Located at 105 Mundy Memorial Dr, 37122, this single-tenant building, constructed in 2004, boasts a strategic location adjacent to I-40, ensuring convenient access to major transportation routes. The property features a fully fenced and gated exterior for enhanced security. Previously utilized as a Schwans cold storage facility, the space offers significant flexibility. The existing cold storage and warehouse areas combine to approximately 13,489 square feet, with potential for conversion into a larger warehouse space. Bids have already been completed for the removal of existing cold storage equipment and conveyors. The property includes three dock-high doors and six drive-in doors, facilitating efficient loading and unloading. Ample parking is available with 30 total spaces, with tenant access to the southern portion of the building. The interior is well-appointed with two kitchens, multiple meeting rooms, offices, open areas, and separate men's and women's restrooms. High-end office space conversion is also a possibility. This versatile property is ready for immediate occupancy and offers a compelling blend of warehouse and office space, making it ideal for a variety of businesses. The property's size, location, and existing infrastructure make it a highly attractive investment prospect.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2004
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 19,830 SF
Lot 3.93 ac (171,191 SF)
APN 077 05810
UPID US80-1230133
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
  • Schwan Food Co Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$735k
Blend (final) Blend
$1.21M
Owner & transaction history
Rdplus Investments LLC · 2 yrs held
Rdplus Investments LLC
since 2023
5 recorded transactions
2023
$2.7M
2022
Price N/A
2003
$275,800
2003
$140,000
1994
$443,625
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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