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Property profile & analytics
OFF-MARKET
Estimated value
$5,550,000
Warehouses
1720 Jp Hennessy Dr La Vergne, TN 37086-3525
Entity Owned
4-yr Hold
Free & Clear
Property ID
US80-1878792
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1982
Total area
40,954 SF
Lot
4.7 ac (204,732 SF)
Zoning code
IR
APN
175-00-0-141-00
UPID
US80-1878792
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
-
Essex Department Store
-
Rebel Steel Inc Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.91M
CAP Approach
CAP
$6.29M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.55M
Owner & transaction history
Lh Tn Real Estate Holdco LLC · 4 yrs held
Lh Tn Real Estate Holdco LLC
since 2021
Last sale
$4.5M
3 recorded transactions
Zoning & alternative use
IR · La Vergne, TN
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 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
$6,550,000
ML approach
$5,910,000
CAP Approach
CAP Return
Estimation
6%
$6,810,000
6.5%
$6,285,000
7%
$5,835,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,865,000
Current use
Blend value · Realmo final
$5.55M
Range $5.00M – $6.11M · ±10% · vs last sale $4.50M (Aug 9 2021)
Last sale anchor
$4.50M
Aug 9 2021
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
$136 / 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
$47,537
Tax year 2023
Assessed value
$1,460,880
Assessed 2023
Previous assessed
$1,460,880
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$164,520
Assessed improvement
$1,296,360
Land market value
$411,300
Improvement market value
$3,240,900
Total market value
$3,652,200
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
1982
Heating
SPACE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
40,954 SF
Lot
4.7 ac (204,732 SF)
Zoning code
IR
APN
175-00-0-141-00
UPID
US80-1878792
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
$6.9M
WAREHOUSE, STORAGE Current
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
1982
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
2
Lot
4.7 ac
Current owner
From public records · entity-resolved
Lh Tn Real Estate Holdco LLC
Entity
Free & Clear · 4 yrs held
Mailing address
5500 W 73RD ST, CHICAGO, IL 60638-6506
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 9, 2021
—
Lh Tn Real Estate Holdco LLC
Rebel Steel INC
Quit Claim Deed
related
—
Aug 9, 2021
$4,500,000
Lh Tn Real Estate Holdco LLC
Rebel Steel INC
Special Warranty Deed
—
—
—
Rebel Steel INC
—
Deed Of Trust
related
$3,700,000 · First Bank
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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