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Property profile & analytics
OFF-MARKET
Estimated value
$930,000
Manufacturing properties
1241 Heil Quaker Blvd La Vergne, TN 37086-3516
Individually Owned
24-yr Hold
Free & Clear
Property ID
US80-0873916
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1995
Total area
61,420 SF
Lot
4.14 ac (180,338 SF)
Zoning code
I-2
APN
017-030.01-000
UPID
US80-0873916
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
-
Packaging Fulfillment Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$690k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.17M
Blend (final)
Blend
$930k
Owner & transaction history
Mark L Mondelli · 24 yrs held
Mark L Mondelli
since 2001
7 recorded transactions
Zoning & alternative use
I-2 · La Vergne, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
$690,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,480,000
Current use
Blend value · Realmo final
$930k
Range $837k – $1.02M · ±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
$15 / 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
$21,683
Tax year 2023
Assessed value
$1,054,520
Assessed 2024
Previous assessed
$898,800
+17.3% YoY
Effective rate
2.06%
On assessed value
Assessed land
$294,320
Assessed improvement
$760,200
Land market value
$735,800
Improvement market value
$1,900,500
Total market value
$2,636,300
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1995
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Bathrooms
2
Total area
61,420 SF
Lot
4.14 ac (180,338 SF)
Zoning code
I-2
APN
017-030.01-000
UPID
US80-0873916
Jurisdiction
RUTHERFORD
Zoning & alternative use
I-2 · La Vergne, TN
Zoning I-2 · permitted uses
I-2 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$1.5M
INDUSTRIAL (GENERAL) Current
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
1995
Heating
PACKAGE
Cooling
Yes
Stories
2
Bathrooms
2
Lot
4.14 ac
Current owner
From public records · entity-resolved
Mark L Mondelli
Individual
Free & Clear · 24 yrs held
Mailing address
1241 HEIL QUAKER BLVD, LA VERGNE, TN 37086-3516
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2023
—
Mark L Mondelli
—
Deed
related
$400,000 · Insbank
Jul 6, 2022
—
Mark L Mondelli
—
Deed
related
$1,500,000 · Inbankshares Corp
Jun 19, 2012
—
Mark L Mondelli
—
Trustees Deed
related
$450,000 · Insbank
Sep 14, 2001
$1,300,000
Mark L Mondelli
Ozburn,propertie
Grant Deed
—
Jul 15, 1993
$238,452
D Wzimmerman Mfg INC
Unknown
Grant Deed
—
Jul 12, 1993
$238,452
D W Zimmerman Mfg INC
Unknown,
Grant Deed
—
—
—
Mark L Mondelli
—
Deed Of Trust
related
$194,056 · Insurors Bank Of Tennessee
—
—
Mark L Mondelli
—
Deed Of Trust
related
$200,000 · Us Bank NA
—
—
Mark L Mondelli
—
Deed Of Trust
related
$150,000 · Insbank
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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