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Property profile & analytics
OFF-MARKET
Estimated value
$9,320,000
Warehouses
135 Logistics Dr Lebanon, TN 37090-2628
Entity Owned
5-yr Hold
Free & Clear
Property ID
US80-0049970
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
597,626 SF
Lot
51.32 ac (2,235,499 SF)
APN
138 03200
UPID
US80-0049970
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
$11.26M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.32M
Owner & transaction history
Lba Lvf Vii-company Xiii LLC · 5 yrs held
Lba Lvf Vii-company Xiii LLC
since 2020
Last sale
$8.4M
7 recorded transactions
Zoning & alternative use
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 Lebanon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lebanon 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
$9,180,000
ML approach
$11,255,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$9.32M
Range $8.39M – $10.25M · ±10% · vs last sale $8.43M (Sep 21 2020)
Last sale anchor
$8.43M
Sep 21 2020
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
$16 / 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
$247,358
Tax year 2023
Assessed value
$12,958,120
Assessed 2023
Previous assessed
$12,958,120
+0.0% YoY
Effective rate
1.91%
On assessed value
Assessed land
$1,324,040
Assessed improvement
$11,634,080
Land market value
$3,310,100
Improvement market value
$29,085,200
Total market value
$32,395,300
Applied tax rate
95.0000
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
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Stories
1
Bathrooms
1
Total area
597,626 SF
Lot
51.32 ac (2,235,499 SF)
APN
138 03200
UPID
US80-0049970
Jurisdiction
WILSON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Stories
1
Bathrooms
1
Lot
51.32 ac
Current owner
From public records · entity-resolved
Lba Lvf Vii-company Xiii LLC
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 847, CARLSBAD, CA 92018-0847
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2020
$8,425,000
Lba Lvf Vii-company Xiii LLC
Cedar Farms Jv LLC
Grant Deed
—
Jul 31, 2019
—
Industrial Dev Board Of Wilson Cn
Colony 5 Partners LLC
Warranty Deed
related
—
Jun 3, 2019
$55,000,000
Colony 5 Partners LLC
Cedar Farms Jv LLC
Trustees Deed
$30,000,000 · Bank Of America
Nov 1, 2017
$7,866,000
Cedar Farms Jv LLC
Cedar Farms LLC
Trustees Deed
$26,130,000 · New York Life Ins & Annuity Co
Jun 2, 2016
$1,470,000
Cedar Farms LLC
Lannom,bob
Grant Deed
—
Apr 4, 2011
—
Bob Lannom
Lannom John W
Quit Claim Deed
related
—
Sep 19, 2007
$1,180,000
Robert W Lannom
Lannom,wallace
Warranty Deed
related
—
Jan 27, 1995
$7,000
James D Woodall
—
Grant 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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