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Property profile & analytics
OFF-MARKET
Estimated value
$15,260,000
Office buildings
131 Industrial Blvd La Vergne, TN 37086-4108
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-0379089
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1993
Construction
FRAME
Total area
112,491 SF
Lot
13.18 ac (574,121 SF)
APN
017O-B-005.00-000
UPID
US80-0379089
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
-
Creative Logistics Warehouse & Storage
-
News Transport Trucking Company
-
McGriff Best-One Tire & Service (Bike/Boat/Book/etc) Store Auto Parts Store
-
Sam Truck Trailer Repair Auto Repair Shop
-
Pride Truck Sales Nashville Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.57M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.51M
Blend (final)
Blend
$15.26M
Owner & transaction history
131 Industrial Blvd Holdings Corp · 4 yrs held
131 Industrial Blvd Holdings Corp
since 2022
Last sale
$15.6M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$23.0M
+23.7%
Retail stores
$20.5M
+10.1%
Neighborhood: shopping center
$19.0M
+2.0%
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
$16,335,000
ML approach
$9,565,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$18,585,000
Current use
MEDICAL BUILDING
$22,995,000
Change: +24% · Conversion: Easy
RETAIL STORES
$20,460,000
Change: +10% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$18,950,000
Change: +2% · Conversion: Difficult
WAREHOUSE, STORAGE
$18,855,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$15.26M
Range $13.73M – $16.79M · ±10% · vs last sale $15.60M (Jun 1 2022)
Last sale anchor
$15.60M
Jun 1 2022
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
$136 / 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
$59,731
Tax year 2023
Assessed value
$2,475,920
Assessed 2024
Previous assessed
$2,475,920
+0.0% YoY
Effective rate
2.41%
On assessed value
Assessed land
$921,320
Assessed improvement
$1,554,600
Land market value
$2,303,300
Improvement market value
$3,886,500
Total market value
$6,189,800
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1993
Construction
FRAME
Heating
HEAT PUMP
Cooling
YES
Stories
2
Units
1
Bathrooms
9
Total area
112,491 SF
Lot
13.18 ac (574,121 SF)
APN
017O-B-005.00-000
UPID
US80-0379089
Jurisdiction
RUTHERFORD
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$18.6M
MEDICAL BUILDING
Est. value
$23.0M
RETAIL STORES
Est. value
$20.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$19.0M
WAREHOUSE, STORAGE
Est. value
$18.9M
OFFICE BUILDING Current
MEDICAL BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
1993
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Units
1
Bathrooms
9
Lot
13.18 ac
Current owner
From public records · entity-resolved
131 Industrial Blvd Holdings Corp
Entity
Mailing address
6050 DIXIE RD MISSISSAUGA ON XX
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2022
—
131 Industrial Blvd Holding Corp
—
Deed
related
$150,000,000 · Royal Bank Of Canada
Jun 1, 2022
$15,600,000
131 Industrial Blvd Holdings Corp
Creative Strategic Investments II L
Warranty Deed
$360,000,000 · Royal Bank Of Canada
Nov 1, 2019
—
Creative Strategic Invs II LLC
Creative Strategic Invs LP
Quit Claim Deed
related
—
Feb 27, 2009
—
Creative Strategic Invs
Allen,jimmy E
Quit Claim Deed
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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