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Property profile & analytics
OFF-MARKET
Estimated value
$8,860,000
Retail properties & Spaces
11237 Lebanon Rd 11191 Mount Juliet, TN 37122-5502
Entity Owned
8-yr Hold
Free & Clear
Property ID
US80-0744345
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
59,191 SF
Lot
14.87 ac (647,737 SF)
Zoning code
CRC
APN
054 01000
UPID
US80-0744345
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
-
Burn Boot Camp Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.02M
Blend (final)
Blend
$8.86M
Owner & transaction history
Psm Tennessee Holdings LLC · 8 yrs held
Psm Tennessee Holdings LLC
since 2017
7 recorded transactions
Zoning & alternative use
CRC · Mount Juliet, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$11.6M
+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
$8,085,000
Current use
AUTO REPAIR, GARAGE
$11,575,000
Change: +43% · Conversion: Difficult
Blend value · Realmo final
$8.86M
Range $7.97M – $9.75M · ±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
$150 / 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
$71,308
Tax year 2023
Assessed value
$3,532,000
Assessed 2023
Previous assessed
$3,532,000
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$963,560
Assessed improvement
$2,568,440
Land market value
$2,408,900
Improvement market value
$6,421,100
Total market value
$8,830,000
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 properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Buildings
6
Stories
1
Units
1
Bathrooms
23
Total area
59,191 SF
Lot
14.87 ac (647,737 SF)
Zoning code
CRC
APN
054 01000
UPID
US80-0744345
Jurisdiction
WILSON
Zoning & alternative use
CRC · Mount Juliet, TN
Zoning CRC · permitted uses
CRC · 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
$8.1M
AUTO REPAIR, GARAGE
Est. value
$11.6M
RETAIL STORES Current
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
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
6
Units
1
Bathrooms
23
Lot
14.87 ac
Current owner
From public records · entity-resolved
Psm Tennessee Holdings LLC
Entity
Free & Clear · 8 yrs held
Mailing address
PO BOX 32018, LAKELAND, FL 33802-2018
Ownership since
2017
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
Aug 23, 2017
—
Psm Tennessee Holdings LLC
Publix Super Markets INC
Quit Claim Deed
related
—
Nov 26, 2014
$9,000,000
Publix Super Markets INC
Mjv2 LLC
Grant Deed
—
Jan 19, 2011
—
Mjv2 LLC
Mt Juliet Village LLC
Trustees Deed
$9,200,000 · Pnc Bank
Jan 19, 2011
$12,353,994
Mjv2 LLC
Mt Juliet Village LLC
Grant Deed
—
Jan 26, 2010
—
Mt Juliet Village LLC
—
Grant Deed
related
$9,842,981 · Wachovia Bank NA
Apr 12, 2007
—
Mt Juliet Village LLC
Lineberry Properties INC
Quit Claim Deed
related
—
Apr 12, 2007
$920,000
Mt Juliet Village LLC
Mcculloch Jere N
Grant Deed
—
Mar 29, 2007
—
Lineberry Properties INC
Mcculloch Jere N
Quit Claim Deed
related
—
Nov 13, 1996
$330,000
Golden Arch Ltd Partnershi
—
Grant Deed
related
—
Mar 1, 1996
—
Brown,mary F Trustee
—
Deed Of Trust
related
—
Oct 9, 1990
$151,000
Jere (tr) Mcculloch
Unknown
Grant Deed
—
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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