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    Property profile & analytics

    1531 Jp Hennessy Dr La Vergne, TN 37086-3522

    • Office buildings
    • 6,688 SF
    • 4.60 lot acres
    OFF-MARKET
    Value Estimations
    $1,365,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0991531
    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

    • Industrial Maintenance and Engineering / Industrial Engineer / Electric Motor Repair Shop

    Property Details for 1531 Jp Hennessy Dr

    Year built
    1980
    Lot size
    4.60 lot acres
    Property size
    6,688 SF
    Zone code
    IR
    Property type
    Office buildings
    APN
    183-00-0-097-00
    APU
    18300009700

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,990,000
      6.5%
      $1,835,000
      7%
      $1,705,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,840,000
      Current use
      MEDICAL BUILDING
      $1,885,000
      Change: +2% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $1,705,000
      Change: -7% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,505,000
      Change: -18% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    La Vergne
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.6052
    Latitude
    36.0126
    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
    $60,944
    $230,000
    $1,642,880
    $1,872,880
    -
    $575,000
    $4,107,200
    $4,682,200

    Comparable in this City

    • Value Estimation
      $4,820,000
      39,384 SF

      1205 Bridgestone Pkwy

      OFFICE BUILDING • 39,384 SF
      1205 Bridgestone Pkwy, La Vergne, TN 37086-3560
      View Details
    • Value Estimation by Request
      1,600 SF

      1630 Corporate Pl

      OFFICE BUILDING • 1,600 SF
      1630 Corporate Pl, La Vergne, TN 37086-3501
      View Details
    • Value Estimation
      $15,260,000
      112,491 SF

      131 Industrial Blvd

      OFFICE BUILDING • 112,491 SF
      131 Industrial Blvd, La Vergne, TN 37086-4108
      View Details
    • Value Estimation
      $2,105,000
      19,163 SF

      413 Waldron Rd

      OFFICE BUILDING • 19,163 SF
      413 Waldron Rd, La Vergne, TN 37086-3537
      View Details
    • Value Estimation by Request
      2.91 Acres

      J P Hennessy Dr

      OFFICE BUILDING • 2.91 Acres
      J P Hennessy Dr, La Vergne, TN 37086
      View Details
    • Value Estimation by Request
      3,000 SF

      5148 Murfreesboro Rd

      OFFICE BUILDING • 3,000 SF
      5148 Murfreesboro Rd, La Vergne, TN 37086-2712
      View Details

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    • $1,400,000
      833 SF

      Checkers NNN Ground Lease, TN

      High-yield Checkers restaurant, absolute NNN lease.
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      1.33 Acres

      5511 Murfreesboro Road

      Land • 1.33 Acres
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      10 Acres of Divisible Land

      Approximately 10 acres of divisible land for sale.
      151 Jefferson Pike, La Vergne, TN 37086
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    • $1,450,000
      7.25 Acres

      La Vergne Commercial Land - 7.25 Acres

      Prime Commercial Land, High Traffic Area, Excellent Visibility
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      View Details

    Similar Nearby for Lease

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      1,436 SF

      LaVergne Office Space for Rent

      Office space for rent off Murfreesboro Road in LaVergne.
      6001 Jackson Square Blvd, La Vergne, TN 37086
      View Details
    • Contact for pricing

      La Vergne Retail Space For Rent

      6600 SF retail space with high ceilings and ample parking.
      331 Waldron Rd, La Vergne, TN 37086
      View Details
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      40,000 SF

      La Vergne Industrial End Cap

      40,000 SF industrial space in La Vergne, near I-24.
      1630 Corporate Pl, La Vergne, TN 37086
      View Details
    • Contact for pricing
      18,000 SF

      Industrial Space Near I-24

      Industrial space for lease near I-24 and Bridgestone plant.
      1541 Heil Quaker Blvd, La Vergne, TN 37086
      View Details
    • Contact for pricing

      Commercial Land with Retail Access

      Commercial land with high traffic and retail development potential.
      101 Floyd Mayfield Dr, La Vergne, TN 37086
      View Details
    • Contact for pricing
      59,000 SF

      La Vergne Warehouse with Mezzanine

      Industrial warehouse space with mezzanine and multiple loading docks.
      191 Charter Pl, La Vergne, TN 37086
      View Details
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    La Vergne, TN 37086-3522
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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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