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Property profile & analytics
OFF-MARKET
Estimated value
$2,400,000
Retail space
11222 Lebanon Rd Mount Juliet, TN 37122-5546
Individually Owned
2-yr Hold
Free & Clear
Property ID
US80-0472752
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1998
Total area
12,267 SF
Lot
1 ac (43,560 SF)
Zoning code
C3
APN
054 13206
UPID
US80-0472752
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
-
Bobby Eley Pharmacy
-
Joseph Marshall Pharmacy
-
pOpshelf (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.40M
Owner & transaction history
Paul Budslick · 2 yrs held
Paul Budslick
since 2024
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
C3 · Mount Juliet, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.3M
+95.4%
Medical building
$3.1M
+86.9%
Auto repair, garage
$2.4M
+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
$2,400,000
ML approach
$2,400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,675,000
Current use
COMMERCIAL (GENERAL)
$3,275,000
Change: +95% · Conversion: Easy
MEDICAL BUILDING
$3,130,000
Change: +87% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,400,000
Change: +43% · Conversion: Difficult
Blend value · Realmo final
$2.40M
Range $2.16M – $2.64M · ±10% · vs last sale $2.40M (Feb 5 2024)
Last sale anchor
$2.40M
Feb 5 2024
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
$196 / 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
$9,295
Tax year 2023
Assessed value
$460,400
Assessed 2023
Previous assessed
$460,400
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$400,000
Assessed improvement
$60,400
Land market value
$1,000,000
Improvement market value
$151,000
Total market value
$1,151,000
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
1998
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
2
Total area
12,267 SF
Lot
1 ac (43,560 SF)
Zoning code
C3
APN
054 13206
UPID
US80-0472752
Jurisdiction
WILSON
Zoning & alternative use
C3 · Mount Juliet, TN
Zoning C3 · permitted uses
C3 · Mount Juliet, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mount Juliet. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$2.4M
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
1998
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
1 ac
Current owner
From public records · entity-resolved
Paul Budslick
Individual
Free & Clear · 2 yrs held
Mailing address
104 WOODMONT BLVD STE #203, NASHVILLE, TN 37205-2245
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2024
—
Paul Budslick
Paul Budslick
Quit Claim Deed
related
—
Jun 8, 2022
$375,000
Paul Budslick
Jim Crossman Realty LLC
Quit Claim Deed
related
—
Apr 5, 2021
—
Jim Crossman Realty LLC
James Crossman
Intrafamily Transfer
related
—
Jun 6, 2016
$2,400,000
James Crossman
Green Lakes Properties LP
Warranty Deed
$1,920,000 · Private Individual
Dec 27, 2006
$13,285
City Of Mt Juliet
Green Lake Properties
Grant Deed
—
Apr 26, 1991
$350,000
Bp Oil Co
Unknown
Grant Deed
—
—
—
John Cothran
—
Deed Of Trust
related
$1,900,000 · United Farm Family Life Ins Co
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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