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Property profile & analytics
OFF-MARKET
Commercial land
2119 Locust Ave Lawrenceburg, TN 38464-4402
Entity Owned
7-yr Hold
Free & Clear
Property ID
US80-1566482
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1974
Total area
2,480 SF
Lot
4.37 ac (190,357 SF)
Zoning code
COTIF
APN
050071 04300
UPID
US80-1566482
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
-
Zaxby's Chicken Fingers & Buffalo Wings Restaurant
-
Jack's Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
J & B Real Estate Co LLC · 7 yrs held
J & B Real Estate Co LLC
since 2019
6 recorded transactions
Zoning & alternative use
COTIF · Lawrenceburg, 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 Lawrenceburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lawrenceburg 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$7,470
Tax year 2023
Assessed value
$240,360
Assessed 2023
Previous assessed
$240,360
+0.0% YoY
Effective rate
3.11%
On assessed value
Assessed land
$240,360
Land market value
$600,900
Total market value
$600,900
Applied tax rate
50.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1974
Heating
PACKAGE
Cooling
YES
Stories
1
Bathrooms
3
Total area
2,480 SF
Lot
4.37 ac (190,357 SF)
Zoning code
COTIF
APN
050071 04300
UPID
US80-1566482
Jurisdiction
LAWRENCE
Zoning & alternative use
COTIF · Lawrenceburg, TN
Zoning COTIF · permitted uses
COTIF · Lawrenceburg, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lawrenceburg. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1974
Heating
PACKAGE
Cooling
Yes
Stories
1
Bathrooms
3
Lot
4.37 ac
Current owner
From public records · entity-resolved
J & B Real Estate Co LLC
Entity
Free & Clear · 7 yrs held
Mailing address
2220 WO SMITH DR, LAWRENCEBURG, TN 38464-7373
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2019
$539,332
J & B Real Estate Co LLC
Legends Of Florence LLC
Warranty Deed
—
Oct 9, 2015
$2,299,259
Broadstone Jfr Portfolio LLC
Jacks Family Restaurants LP
Grant Deed
—
Jul 23, 2015
—
Legends Of Florence LLC
Purnell,michael
Grant Deed
related
$575,000 · First Nat'l Bk
Dec 19, 2014
$266,665
Hunt Properties
Legends Of Florence LLC
Grant Deed
—
Dec 19, 2014
$800,000
Legends Of Florence LLC
Purnell,michael
Grant Deed
—
Apr 21, 2014
$362,600
Jacks Family Restaurants INC
Purnell,michael
Grant Deed
—
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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