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Property profile & analytics
OFF-MARKET
Estimated value
$1,270,000
Strip malls
134 Main St, Goodlettsville, TN 37072-1709
Entity Owned
~
Est. High Equity
Property ID
US80-0729618
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1940
Total area
5,760 SF
Lot
0.16 ac (6,970 SF)
Zoning code
6ZZ
APN
025-04-0-113-00
UPID
US80-0729618
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.16M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.37M
Blend (final)
Blend
$1.27M
Owner & transaction history
Leighlu Properties LLC
Leighlu Properties LLC
since 2026
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
6ZZ · Goodlettsville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.6M
+12.0%
Medical building
$1.6M
+10.7%
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 Goodlettsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Goodlettsville 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
$1,260,000
ML approach
$1,160,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,470,000
Current use
COMMERCIAL (GENERAL)
$1,645,000
Change: +12% · Conversion: Easy
MEDICAL BUILDING
$1,625,000
Change: +11% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,295,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$1.27M
Range $1.14M – $1.40M · ±10% · vs last sale $1.28M (Feb 23 2022)
Last sale anchor
$1.28M
Feb 23 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
$220 / 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
$7,742
Tax year 2023
Assessed value
$264,960
Assessed 2023
Previous assessed
$264,960
+0.0% YoY
Effective rate
2.92%
On assessed value
Assessed land
$21,360
Assessed improvement
$243,600
Land market value
$53,400
Improvement market value
$609,000
Total market value
$662,400
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1940
Heating
SPACE
Cooling
CENTRAL
Stories
1
Total area
5,760 SF
Lot
0.16 ac (6,970 SF)
Zoning code
6ZZ
APN
025-04-0-113-00
UPID
US80-0729618
Jurisdiction
DAVIDSON
Zoning & alternative use
6ZZ · Goodlettsville, TN
Zoning 6ZZ · permitted uses
6ZZ · Goodlettsville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Goodlettsville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1940
Heating
SPACE
Cooling
Yes
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Leighlu Properties LLC
Entity
Mailing address
6344 MORTON RD EXT, GREENBRIER, TN 37073-5793
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 5, 2026
$1,750,000
Leighlu Properties LLC
Jonathan A A Rummel
Warranty Deed
$1,275,000 · Wilson Bank & Trust
Feb 23, 2022
$1,280,500
Jonathan A A Rummel
Mechta LLC
Warranty Deed
$1,088,425 · First Bank
Nov 6, 2020
—
Mechta LLC
—
Deed
related
$712,896 · First Citizens National Bank
May 21, 2018
—
Mechta LLC
—
Deed
related
$461,273 · Volunteer St Bk
May 17, 2018
—
Mechta LLC
—
Deed
related
$150,000 · Volunteer St Bk
May 15, 2017
—
Mechta LLC
—
Deed
related
$250,000 · Elmer Jenkins
Aug 24, 2015
$205,000
Mechta LLC
Hicks John W
Warranty Deed
$150,000 · Elmer Jenkins
—
—
Mechta LLC
—
Deed Of Trust
related
$250,000 · Elmer Jenkins
—
—
Mechta LLC
—
Deed Of Trust
related
$150,000 · Volunteer St Bk
—
—
Mechta LLC
—
Deed Of Trust
related
$461,273 · Volunteer St Bk
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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