Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$6,500,000
Office buildings
1631 Corporate Pl La Vergne, TN 37086-3502
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US80-0285523
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Total area
9,840 SF
Lot
2.62 ac (114,127 SF)
Zoning code
IR
APN
183-00-0-154-00
UPID
US80-0285523
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
-
Strada Services Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.50M
Owner & transaction history
Elbon Properties LLC · 1 yrs held
Elbon Properties LLC
since 2024
Last sale
$6.5M
7 recorded transactions
Zoning & alternative use
IR · La Vergne, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.9M
+80.7%
Auto repair, garage
$4.8M
+77.7%
Commercial (general)
$4.7M
+71.9%
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
$6,500,000
ML approach
$6,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$4,895,000
Change: +81% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,815,000
Change: +78% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,655,000
Change: +72% · Conversion: Easy
RETAIL STORES
$4,170,000
Change: +54% · Conversion: Moderate
Blend value · Realmo final
$6.50M
Range $5.85M – $7.15M · ±10% · vs last sale $6.50M (Nov 22 2024)
Last sale anchor
$6.50M
Nov 22 2024
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
$661 / 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
$34,226
Tax year 2023
Assessed value
$1,051,800
Assessed 2023
Previous assessed
$1,051,800
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$131,000
Assessed improvement
$920,800
Land market value
$327,500
Improvement market value
$2,302,000
Total market value
$2,629,500
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
1980
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
9,840 SF
Lot
2.62 ac (114,127 SF)
Zoning code
IR
APN
183-00-0-154-00
UPID
US80-0285523
Jurisdiction
DAVIDSON
Zoning & alternative use
IR · La Vergne, TN
Zoning IR · permitted uses
IR · 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
RESTAURANT
Est. value
$4.9M
AUTO REPAIR, GARAGE
Est. value
$4.8M
COMMERCIAL (GENERAL)
Est. value
$4.7M
RETAIL STORES
Est. value
$4.2M
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
1980
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
2.62 ac
Current owner
From public records · entity-resolved
Elbon Properties LLC
Entity
Mailing address
3200 GRACIE KILTZ LN STE #500, AUSTIN, TX 78758-3004
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2024
$6,500,000
Elbon Properties LLC
Sl Industrial Sunbelt LP
Special Warranty Deed
$4,462,500 · First Horizon Bank
Aug 4, 2023
—
Sl Industrial Sunbelt LP
Sl Industrial Acquisition LP
Quit Claim Deed
related
—
May 23, 2022
$3,675,000
Sl Industrial Acquisition LP
Geoffrey G Bergauer
Special Warranty Deed
—
Jan 9, 2020
—
Bergauer,g G & K L Trust
—
Deed
related
$1,990,000 · Washington Fed'l Bk
Sep 11, 2019
—
Bergauer,g G & K L Trust
—
Deed
related
$1,575,000 · Bank Of The West
Jun 5, 2018
—
Geoffrey G Bergauer
—
Deed
related
$2,100,000 · Desert Schools FCU
Aug 31, 2001
$960,000
Bergauer Trust
Waynick,june P
Grant Deed
$850,000 · Unknown
Jul 10, 1998
$695,000
Waynick,june P
Morrison Health Care INC
Trustees Deed
—
Oct 23, 1989
$700,000
Morrison INC
Unknown
Grant Deed
—
—
—
Bergauer,g G & K L Trust
—
Deed Of Trust
related
$1,575,000 · Bank Of The West
—
—
Bergauer,g G & K L Trust
—
Deed Of Trust
related
$1,990,000 · Washington Fed'l Bk
—
—
Bergauer G G & K L Trust
—
Deed Of Trust
related
$293,348 · Pinnacle National Bank
—
—
Bergauer,tr
—
Deed Of Trust
related
$300,000 · Cavalry Banking
—
—
Geoffret G Bergauer
—
Deed Of Trust
related
$16,000 · Cavalry Banking
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1631 Corporate Pl?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
