Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$7,195,000
Retail space
206 Crossings Ln Mount Juliet, TN 37122-8547
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US80-1432114
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2007
Construction
FRAME
Total area
32,364 SF
Lot
1.75 ac (76,230 SF)
Zoning code
C1
APN
096 02115
UPID
US80-1432114
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
-
Walgreens Pharmacy Pharmacy
-
FedEx OnSite Postal Service Courier Service
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.43M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.20M
Owner & transaction history
Gap Juliet Spe LLC · 5 yrs held
Gap Juliet Spe LLC
since 2021
Last sale
$7.5M
5 recorded transactions
Zoning & alternative use
C1 · Mount Juliet, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.6M
+95.4%
Medical building
$8.3M
+86.9%
Auto repair, garage
$6.3M
+43.2%
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 Mount Juliet submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mount Juliet 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
$6,350,000
ML approach
$7,430,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$4,420,000
Current use
COMMERCIAL (GENERAL)
$8,635,000
Change: +95% · Conversion: Easy
MEDICAL BUILDING
$8,265,000
Change: +87% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,330,000
Change: +43% · Conversion: Difficult
Blend value · Realmo final
$7.20M
Range $6.48M – $7.91M · ±10% · vs last sale $7.50M (May 18 2021)
Last sale anchor
$7.50M
May 18 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
$222 / 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
$25,983
Tax year 2023
Assessed value
$1,287,000
Assessed 2023
Previous assessed
$1,287,000
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$686,280
Assessed improvement
$600,720
Land market value
$1,715,700
Improvement market value
$1,501,800
Total market value
$3,217,500
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2007
Construction
FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
1
Total area
32,364 SF
Lot
1.75 ac (76,230 SF)
Zoning code
C1
APN
096 02115
UPID
US80-1432114
Jurisdiction
WILSON
Zoning & alternative use
C1 · Mount Juliet, TN
Zoning C1 · permitted uses
C1 · Mount Juliet, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mount Juliet. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$4.4M
COMMERCIAL (GENERAL)
Est. value
$8.6M
MEDICAL BUILDING
Est. value
$8.3M
AUTO REPAIR, GARAGE
Est. value
$6.3M
RETAIL STORES Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
2007
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
1.75 ac
Current owner
From public records · entity-resolved
Gap Juliet Spe LLC
Entity
Mailing address
PO BOX 1159, DEERFIELD, IL 60015-6002
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 18, 2021
$7,500,000
Gap Juliet Spe LLC
206 Mount Juliet LLC
Special Warranty Deed
$4,500,000 · Wells Fargo Bank NA
Mar 15, 2021
$5,723,000
206 Mount Juliet LLC
Bixby Group I LLC
Special Warranty Deed
$4,649,112 · Wintrust Bank NA
May 30, 2012
$5,150,000
Bixby Group I LLC
South Mt Juliet Holdings L 10
Grant Deed
—
May 30, 2012
—
Bixby Group I LLC
South Mt Juliet Holdings L 10
Quit Claim Deed
related
$4,150,000 · Wells Fargo Bk #2008-ls1 (ce)
—
—
South Mt Juliet Holdings LLC-s
—
Deed Of Trust
related
$4,150,000 · Lasalle National 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.
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 206 Crossings Ln?
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.
