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Property profile & analytics
OFF-MARKET
Estimated value
$1,695,000
Grocery and convenience stores
11247 Lebanon Rd Mount Juliet, TN 37122-5502
Entity Owned
2-yr Hold
Free & Clear
Property ID
US80-3231233
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2011
Total area
4,772 SF
Lot
1.02 ac (44,431 SF)
Zoning code
C6
APN
054 01200
UPID
US80-3231233
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
-
Mapco Gas Station
-
MAPCO Mart Grocery & Convenience Store
-
Circle K Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.78M
CAP Approach
CAP
$1.68M
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$1.70M
Owner & transaction history
Macsnewco LLC · 2 yrs held
Macsnewco LLC
since 2023
Last sale
$1.7M
5 recorded transactions
Zoning & alternative use
C6 · Mount Juliet, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.3M
+95.4%
Medical building
$1.2M
+86.9%
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
$1,415,000
ML approach
$1,780,000
CAP Approach
CAP Return
Estimation
6%
$1,820,000
6.5%
$1,680,000
7%
$1,560,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,275,000
Change: +95% · Conversion: Easy
MEDICAL BUILDING
$1,220,000
Change: +87% · Conversion: Difficult
Blend value · Realmo final
$1.70M
Range $1.53M – $1.86M · ±10% · vs last sale $1.66M (Nov 20 2023)
Last sale anchor
$1.66M
Nov 20 2023
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
$355 / 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
$10,854
Tax year 2023
Assessed value
$537,600
Assessed 2023
Previous assessed
$537,600
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$262,840
Assessed improvement
$274,760
Land market value
$657,100
Improvement market value
$686,900
Total market value
$1,344,000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2011
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
2
Total area
4,772 SF
Lot
1.02 ac (44,431 SF)
Zoning code
C6
APN
054 01200
UPID
US80-3231233
Jurisdiction
WILSON
Zoning & alternative use
C6 · Mount Juliet, TN
Zoning C6 · permitted uses
C6 · 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
COMMERCIAL (GENERAL)
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.2M
COMMERCIAL (GENERAL)
MEDICAL 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
2011
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
1.02 ac
Current owner
From public records · entity-resolved
Macsnewco LLC
Entity
Free & Clear · 2 yrs held
Mailing address
PO BOX 347, COLUMBUS, IN 47202-0347
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2023
$1,662,388
Macsnewco LLC
Mapco Express INC
Special Warranty Deed
—
Jan 31, 2008
$540,000
Mapco Express INC
Mt Juliet Village LLC
Grant Deed
—
Jan 31, 2008
$155,000
Mt Juliet Village LLC
Mapco Express INC
Grant Deed
—
May 16, 1997
$775,705
Mapco Petroleum INC
—
Grant Deed
related
—
Nov 30, 1988
$410,700
Toc Retail INC
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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