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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    12014 Volunteer Blvd Mount Juliet, TN 37122-1000

    • Warehouses
    • 480,000 SF
    • 27.50 lot acres
    OFF-MARKET
    Last Sale
    Jun 11, 2024
    $49,173,000
    Value Estimations
    $49,175,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0679533
    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.

    Current Use by Public Records

    • Warehouses

    Property Details for 12014 Volunteer Blvd

    Year built
    2009
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    27.50 lot acres
    Property size
    480,000 SF
    Zone code
    IR
    Property type
    Warehouses
    APN
    078 00703
    APU
    7800703

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $49,175,000
      ML approach
      $49,175,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $33,570,000
      Market price range: $17.1M - $68.2M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $46,545,000
      Current use
      RETAIL STORES
      $65,565,000
      Change: +41% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Juliet
    County
    Wilson
    State
    Tennessee
    Longitude
    -86.4709
    Latitude
    36.181
    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
    $126,367
    $459,680
    $5,799,520
    $6,259,200
    -
    $1,149,200
    $14,498,800
    $15,648,000

    Comparable in this City

    • Value Estimation
      $7,195,000
      522,316 SF

      2080 Aldi Blvd

      WAREHOUSE, STORAGE • 522,316 SF
      2080 Aldi Blvd, Mount Juliet, TN 37122-7119
      View Details
    • Value Estimation
      $6,030,000
      558,585 SF

      648 Couchville Pike

      WAREHOUSE, STORAGE • 558,585 SF
      648 Couchville Pike, Mount Juliet, TN 37122-4701
      View Details
    • Value Estimation
      $24,065,000
      405,450 SF

      7950 Eastgate Blvd

      WAREHOUSE, STORAGE • 405,450 SF
      7950 Eastgate Blvd, Mount Juliet, TN 37122-4369
      View Details
    • Value Estimation
      $22,375,000
      307,416 SF

      8051 Eastgate Blvd

      WAREHOUSE, STORAGE • 307,416 SF
      8051 Eastgate Blvd, Mount Juliet, TN 37122-0620
      View Details
    • Value Estimation by Request
      709,800 SF

      245 Couchville Industrial Blvd

      WAREHOUSE, STORAGE • 709,800 SF
      245 Couchville Industrial Blvd, Mount Juliet, TN 37122-1565
      View Details
    • Value Estimation
      $1,510,000
      8,500 SF

      12110 Lebanon Rd

      WAREHOUSE, STORAGE • 8,500 SF
      12110 Lebanon Rd, Mount Juliet, TN 37122-2520
      View Details

    Similar Nearby for Sale

    • $2,800,000
      10,800 SF

      Mount Juliet Industrial Building For Sale

      10,800 SF industrial building on 1.36 acres.
      60 Athens Dr, Mount Juliet, TN 37122
      View Details
    • $8,000,000
      13.40 Acres

      Mt. Juliet Development Land - 13.4 Acres

      Prime Commercial/Industrial Land in Mt. Juliet, TN
      0 Belinda Pkwy, Mt. Juliet, TN 37122
      View Details
    • $1,428,000

      Mt. Juliet Industrial Land - 4.36 Acres

      Prime Industrial Land, Mt. Juliet, TN
      121 Couchville Industrial Blvd, Mt. Juliet, TN 37122
      View Details
    • $1,600,000
      1,800 SF

      5.21ac Land with Repair Shop

      5.21ac property with 1,800sf repair shop near I-40.
      5971 Beckwith Rd, Mount Juliet, TN 37122
      View Details
    • $3,600,000
      10,500 SF

      Mt. Juliet Medical Office Complex

      High-yield, fully leased medical building.
      1097 Weston Dr, Mt. Juliet, TN 37122
      View Details
    • Contact for pricing
      0.50 Acres

      Lowe's Paddocks Commercial Land

      Prime 0.5-acre commercial lot.
      300 Pleasant Grove Rd, Mt. Juliet, TN 37122
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      317,700 SF

      First Rockdale VI Warehouse - Mt. Juliet, TN

      Class A Warehouse, 317,700 SF, 26 Acres
      100 Maddox Rd, Mt. Juliet, TN 37122
      View Details
    • Contact for pricing
      40,000 SF

      Industrial Space Available Q4 2024

      40,000 SF industrial space available Q4 2024 in Mt. Juliet.
      601 Maddox Rd, Mt Juliet, TN 37122
      View Details
    • Contact for pricing
      20,046 SF

      Mt. Juliet Cold Storage Facility

      Prime Industrial Space, 20,046 SF
      105 Mundy Memorial Dr, Mt. Juliet, TN 37122
      View Details
    • $16 SF/Yr
      6,000 SF

      Industrial Flex Space Available

      Flex space near I-40 and upcoming developments for lease.
      5510 E Division St, Lebanon, TN 37122
      View Details
    • $21 SF/Yr
      23,215 SF

      Caldwell Plaza Medical Office Suite

      Class A Medical Office Space Available in Mt. Juliet, TN
      40 Caldwell St, Mt. Juliet, TN 37122
      View Details
    • Contact for pricing
      2,444 SF

      New Construction Office Space

      New office space for rent with negotiable tenant improvements.
      3286 N Mount Juliet Rd, Mount Juliet, TN 37122
      View Details
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    12014 Volunteer Blvd
    Mount Juliet, TN 37122-1000
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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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