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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Warehouses
109-113 Cheerful Pl La Vergne, TN 37086
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US80-0107818
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2016
Construction
FRAME
Total area
4,998 SF
Lot
0.9 ac (39,204 SF)
APN
017J-A-015.00-000
UPID
US80-0107818
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$735k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$620k
Owner & transaction history
Ma Investments LLC · 11 yrs held
Ma Investments LLC
since 2014
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.0M
+21.9%
Retail stores
$910,000
+8.5%
Neighborhood: shopping center
$840,000
+0.5%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$795,000
6.5%
$735,000
7%
$680,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$840,000
Current use
MEDICAL BUILDING
$1,020,000
Change: +22% · Conversion: Difficult
RETAIL STORES
$910,000
Change: +9% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$840,000
Change: +1% · Conversion: Moderate
OFFICE BUILDING
$825,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$620k
Range $558k – $682k · ±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
$124 / 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
$5,590
Tax year 2023
Assessed value
$231,700
Assessed 2024
Previous assessed
$231,700
+0.0% YoY
Effective rate
2.41%
On assessed value
Assessed land
$74,120
Assessed improvement
$157,580
Land market value
$185,300
Improvement market value
$393,950
Total market value
$579,250
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2016
Construction
FRAME
Heating
HEAT PUMP
Cooling
YES
Stories
1
Units
1
Bathrooms
1
Total area
4,998 SF
Lot
0.9 ac (39,204 SF)
APN
017J-A-015.00-000
UPID
US80-0107818
Jurisdiction
RUTHERFORD
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
WAREHOUSE, STORAGE Current
Est. value
$840,000
MEDICAL BUILDING
Est. value
$1.0M
RETAIL STORES
Est. value
$910,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$840,000
OFFICE BUILDING
Est. value
$825,000
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
2016
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0.9 ac
Current owner
From public records · entity-resolved
Ma Investments LLC
Entity
Mailing address
2649 COMMERCE BLVD, CINCINNATI, OH 45241-1553
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 24, 2014
$190,000
Ma Investments LLC
Cook,henry D
Warranty Deed
—
Jul 14, 2010
$65,000
Henry D Cook
Vasquez,zulimar
Warranty Deed
—
Jun 5, 2007
$116,500
Zulimar Vasquez
Brown,larry L
Warranty Deed
$110,675 · First Franklin Financial Corp
—
—
Larry L Brown
—
Deed Of Trust
related
$91,386 · Citifinancial Services INC
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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