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Property profile & analytics
OFF-MARKET
Estimated value
$2,005,000
Office Spaces
2231 Mt Juliet Rd 2229 Mount Juliet, TN 37122-4274
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US80-2479937
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2014
Construction
FRAME
Total area
9,814 SF
Lot
3.11 ac (135,472 SF)
Zoning code
CTC
APN
072I D 01002
UPID
US80-2479937
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
-
Baskin-Robbins Grocery & Convenience Store Specialty Food Shop
-
Team Wilson Real Estate Partners Real Estate Agency
-
Marco's Pizza Restaurant
-
Jersey Mike's Subs Take-out & Catering
-
Chad King, Team Wilson Real Estate Partners Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.93M
Comparable Approach
Comparable
$1.39M
Blend (final)
Blend
$2.01M
Owner & transaction history
Sellars Commemorative Solution · 9 yrs held
Sellars Commemorative Solution
since 2016
6 recorded transactions
Zoning & alternative use
CTC · Mount Juliet, 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,090,000
6.5%
$1,930,000
7%
$1,790,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,620,000
Current use
MEDICAL BUILDING
$2,505,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$2.01M
Range $1.80M – $2.21M · ±10%
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
$204 / 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
$23,622
Tax year 2023
Assessed value
$1,170,040
Assessed 2023
Previous assessed
$1,170,040
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$193,200
Assessed improvement
$976,840
Land market value
$483,000
Improvement market value
$2,442,100
Total market value
$2,925,100
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2014
Construction
FRAME
Heating
NONE
Buildings
2
Stories
1
Bathrooms
10
Total area
9,814 SF
Lot
3.11 ac (135,472 SF)
Zoning code
CTC
APN
072I D 01002
UPID
US80-2479937
Jurisdiction
WILSON
Zoning & alternative use
CTC · Mount Juliet, TN
Zoning CTC · permitted uses
CTC · 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
COMMERCIAL (GENERAL) Current
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.5M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
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
2014
Construction
FRAME
Heating
NONE
Stories
1
Buildings
2
Bathrooms
10
Lot
3.11 ac
Current owner
From public records · entity-resolved
Sellars Commemorative Solution
Individual
Mailing address
PO BOX 2117, MOUNT JULIET, TN 37121-2117
Ownership since
2016
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
Sep 1, 2016
—
Sellars Commemorative Solution
—
Deed
related
$7,506,212 · Miscellaneous Ins Co
Aug 5, 2016
—
Sellars Commemorative Solution
—
Deed
related
$7,506,212 · Miscellaneous Ins Co
Sep 18, 2015
—
Sellars Commemorative Solution
—
Trustees Deed
related
$599,900 · Miscellaneous Ins Co
—
—
Sellars Commemorative Solution
—
Loan Modification
related
$7,000,000 · Miscellaneous Ins Co
—
—
Sellars Commemorative Solution
—
Loan Modification
related
$7,506,212 · Miscellaneous Ins Co
—
—
Sellars Commemorative Solution
—
Loan Modification
related
$7,506,212 · Miscellaneous Ins Co
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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