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Property profile & analytics
OFF-MARKET
Estimated value
$1,400,000
Warehouses
113 Jordan Dr La Vergne, TN 37086-2820
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-0954222
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1999
Total area
6,000 SF
Lot
0.88 ac (38,289 SF)
Zoning code
C-3
APN
015N-A-006.00-000
UPID
US80-0954222
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
-
Savage Brothers Inc. Painting Service General Contractor
-
Tech ece (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.38M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.15M
Blend (final)
Blend
$1.40M
Owner & transaction history
Jack C Savage · 2 yrs held
Jack C Savage
since 2023
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
C-3 · La Vergne, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.8M
+79.5%
Auto repair, garage
$1.6M
+61.0%
Medical building
$1.2M
+21.9%
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 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
$1,375,000
ML approach
$1,380,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,005,000
Current use
COMMERCIAL (GENERAL)
$1,805,000
Change: +80% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,620,000
Change: +61% · Conversion: Easy
MEDICAL BUILDING
$1,225,000
Change: +22% · Conversion: Difficult
RETAIL STORES
$1,090,000
Change: +9% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,010,000
Change: +1% · Conversion: Moderate
OFFICE BUILDING
$990,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$1.40M
Range $1.26M – $1.54M · ±10% · vs last sale $1.55M (Dec 5 2023)
Last sale anchor
$1.55M
Dec 5 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
$233 / 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
$4,283
Tax year 2023
Assessed value
$177,520
Assessed 2024
Previous assessed
$177,520
+0.0% YoY
Effective rate
2.41%
On assessed value
Assessed land
$50,960
Assessed improvement
$126,560
Land market value
$127,400
Improvement market value
$316,400
Total market value
$443,800
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1999
Heating
SPACE
Cooling
CENTRAL
Stories
1
Bathrooms
3
Total area
6,000 SF
Lot
0.88 ac (38,289 SF)
Zoning code
C-3
APN
015N-A-006.00-000
UPID
US80-0954222
Jurisdiction
RUTHERFORD
Zoning & alternative use
C-3 · La Vergne, TN
Zoning C-3 · permitted uses
C-3 · La Vergne, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
La Vergne. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
OFFICE BUILDING
Est. value
$990,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1999
Heating
SPACE
Cooling
Yes
Stories
1
Bathrooms
3
Lot
0.88 ac
Current owner
From public records · entity-resolved
Jack C Savage
Individual
Mailing address
5300 COMMAND DR, MEMPHIS, TN 38118-7904
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2023
$1,550,000
Jack C Savage
Pkg & Associates LLC
Warranty Deed
$1,245,000 · Bank Of Bartlett
Sep 9, 2020
—
Pkg & Associates LLC
—
Deed
related
—
Dec 23, 2019
—
Pkg & Associates LLC
—
Deed
related
—
Dec 7, 2017
—
Pkg & Associates LLC
—
Deed
related
—
Jul 30, 2008
—
Pkg & Associates LLC
—
Trustees Deed
related
$100,000 · Pinnacle National Bank
Aug 19, 1993
$30,000
Patricia Kay Bumbalough
Unknown
Grant Deed
—
Aug 18, 1993
$28,000
Clayton Bessie King
Unknown,
Grant Deed
—
Aug 13, 1993
$30,000
Patricia K Bumbalough
Unknown,
Grant Deed
—
—
—
Pkg & Associates LLC
—
Loan Modification
related
—
—
—
Pkg & Associates LLC
—
Loan Modification
related
$226,500 · Pinnacle Bk
—
—
Pkg & Associates LLC
—
Deed Of Trust
related
$500,000 · Pinnacle Bk
—
—
Pkg & Associates LLC
—
Loan Modification
related
—
—
—
Pkg & Associates LLC
—
Loan Modification
related
—
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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