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    109-113 Cheerful Pl La Vergne, TN 37086
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    109-113 Cheerful Pl La Vergne, TN 37086

    View on Map
    • Warehouses
    • 4,998 SF
    • 0.90 lot acres
    Off-Market
    Property ID
    US80-0107818
    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.
    Value Estimations
    $620,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 109-113 Cheerful Pl

    Year built
    2016
    Construction
    FRAME
    Lot size
    0.90 lot acres
    Property size
    4,998 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    017J-A-015.00-000
    APU
    017JA01500000

    Value Estimations

    based on Realmo’s proprietary methodology

    • 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

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

    Location Insight

    • Map
    • Local Demand
    City
    La Vergne
    County
    Rutherford
    State
    Tennessee
    Longitude
    -86.5933
    Latitude
    36.0034
    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
    $5,590
    $74,120
    $157,580
    $231,700
    -
    $185,300
    $393,950
    $579,250

    Comparable in this City

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      $7,400,000
      77,578 SF

      5595 Murfreesboro Rd

      MINI-WAREHOUSE, STORAGE • 77,578 SF
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    • Value Estimation
      $46,750,000
      514,390 SF

      1740 Jp Hennessy Dr

      MINI-WAREHOUSE, STORAGE • 514,390 SF
      1740 Jp Hennessy Dr, La Vergne, TN 37086-3525
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    • Value Estimation
      $12,005,000
      110,292 SF

      503 New Paul Rd

      MINI-WAREHOUSE, STORAGE • 110,292 SF
      503 New Paul Rd, La Vergne, TN 37086-4958
      View Details
    • Value Estimation
      $29,965,000
      288,400 SF

      1501 Corporate Pl

      MINI-WAREHOUSE, STORAGE • 288,400 SF
      1501 Corporate Pl, La Vergne, TN 37086-3594
      View Details
    • Value Estimation
      $16,295,000
      172,464 SF

      1045 Firestone Pkwy

      MINI-WAREHOUSE, STORAGE • 172,464 SF
      1045 Firestone Pkwy, La Vergne, TN 37086-3506
      View Details
    • Value Estimation
      $9,830,000
      89,834 SF

      1405 Heil Quaker Blvd

      MINI-WAREHOUSE, STORAGE • 89,834 SF
      1405 Heil Quaker Blvd, La Vergne, TN 37086-3520
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      71,025 SF

      La Vergne Warehouse Space Available

      71,025 SF warehouse space for lease in La Vergne.
      131 Industrial Blvd, La Vergne, TN 37086
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    • Contact for pricing
      833 SF

      NNN Ground Lease Investment Opportunity

      NNN ground lease with corporate guarantee and zero landlord responsibilities.
      5062 Murfreesboro Rd, La Vergne, TN 37086
      View Details
    • Contact for pricing

      Commercial Land with Retail Access

      Commercial land with high traffic and retail development potential.
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      Commercial Land Near Supercenter

      Commercial land with highway frontage near retail and airport.
      108 Fergus Rd, La Vergne, TN 37086
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      4,549 SF

      NNN Leased Commercial Property

      Commercial property with a 19-year absolute NNN lease.
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      10 Acres of Divisible Land

      Approximately 10 acres of divisible land for sale.
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    Similar Nearby for Lease

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      59,000 SF

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      Industrial warehouse space with mezzanine and multiple loading docks.
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    • $9 SF/Yr
      98,948 SF

      Industrial Space Near I-24

      Distribution center with convenient access to Nashville.
      1224-1230 Heil Quaker Blvd, La Vergne, TN 37086
      View Details
    • Contact for pricing
      564,300 SF

      La Vergne Industrial Property Available

      Industrial property in La Vergne, Tennessee, near major transportation routes.
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    • Contact for pricing
      48,029 SF

      La Vergne Warehouse Space Available

      48,029 SF warehouse space with dock doors for lease.
      270-282 Mason Rd, La Vergne, TN 37086
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    • Contact for pricing
      72,151 SF

      La Vergne Warehouse Space Available

      72,151 square foot warehouse space for lease.
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      View Details
    • Contact for pricing
      18,000 SF

      Industrial Space Near I-24

      Industrial space for lease near I-24 and Bridgestone plant.
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      View Details
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    La Vergne, TN 37086
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    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
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