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Property profile & analytics
OFF-MARKET
Estimated value
$8,220,000
Warehouses
1640 Jp Hennessy Dr La Vergne, TN 37086-3523
Entity Owned
~
Est. High Equity
Property ID
US80-0109046
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1996
Total area
49,500 SF
Lot
4.1 ac (178,596 SF)
Zoning code
IR
APN
183-00-0-134-00
UPID
US80-0109046
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
-
SCP Distributors LLC (Bike/Boat/Book/etc) Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.24M
CAP Approach
CAP
$7.60M
Comparable Approach
Comparable
$11.20M
Blend (final)
Blend
$8.22M
Owner & transaction history
Dogwood Holdings II Propco Tn LLC
Dogwood Holdings II Propco Tn LLC
since 2025
Last sale
$7.6M
7 recorded transactions
Zoning & alternative use
IR · La Vergne, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$13.6M
+64.2%
Neighborhood: shopping center
$12.6M
+52.1%
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
$9,080,000
ML approach
$9,235,000
CAP Approach
CAP Return
Estimation
6%
$8,230,000
6.5%
$7,595,000
7%
$7,055,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$8,300,000
Current use
OFFICE BUILDING
$13,625,000
Change: +64% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$12,620,000
Change: +52% · Conversion: Moderate
Blend value · Realmo final
$8.22M
Range $7.40M – $9.04M · ±10% · vs last sale $7.60M (May 20 2025)
Last sale anchor
$7.60M
May 20 2025
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
$166 / 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
$73,766
Tax year 2023
Assessed value
$2,266,920
Assessed 2023
Previous assessed
$2,266,920
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$133,240
Assessed improvement
$2,133,680
Land market value
$333,100
Improvement market value
$5,334,200
Total market value
$5,667,300
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1996
Heating
SPACE
Cooling
CENTRAL
Stories
1
Total area
49,500 SF
Lot
4.1 ac (178,596 SF)
Zoning code
IR
APN
183-00-0-134-00
UPID
US80-0109046
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
WAREHOUSE, STORAGE Current
Est. value
$8.3M
OFFICE BUILDING
Est. value
$13.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.6M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1996
Heating
SPACE
Cooling
Yes
Stories
1
Lot
4.1 ac
Current owner
From public records · entity-resolved
Dogwood Holdings II Propco Tn LLC
Entity
Mailing address
PO BOX 20197, ATLANTA, GA 30325-0197
Ownership since
2025
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
Aug 20, 2025
$7,600,000
Dogwood Holdings II Propco Tn LLC
Bv4 1640 Jp Hennessy Drive LLC
Special Warranty Deed
$407,500,000 · Bank Of America NA
Jul 7, 2025
$7,521,613
Bv4 1640 Jp Hennessy Drive LLC
Sl6 Nashville Industrial LP
Special Warranty Deed
—
Nov 4, 2020
$5,650,000
Sl6 Nashville Industrial LP
Jp Investments LLC
Grant Deed
—
Nov 17, 2016
—
Jp Investments LLC
—
Deed
related
$1,350,000 · Franklin Synergy Bk
Oct 16, 2006
$2,126,000
Jp Investments LLC
Jph Partners
Warranty Deed
$1,550,000 · Us Bank NA
Nov 23, 1993
$72,000
Randall M Goldstein
Unknown
Grant Deed
—
May 6, 1991
$98,500
Randall M Goldstein
Unknown,
Grant Deed
—
—
—
Jp Investments LLC
—
Deed Of Trust
related
$1,350,000 · Franklin Synergy 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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