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Property profile & analytics
OFF-MARKET
Estimated value
$33,135,000
Warehouses
233 Mason Rd 245 La Vergne, TN 37086-3212
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US80-2702536
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2019
Total area
323,961 SF
Lot
27.38 ac (1,192,673 SF)
Zoning code
I-2
APN
017-011.00-000
UPID
US80-2702536
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
-
Cardinal Health Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$33.14M
Owner & transaction history
Industrial Dev Board Of Rutherfor · 6 yrs held
Industrial Dev Board Of Rutherfor
since 2019
7 recorded transactions
Zoning & alternative use
I-2 · La Vergne, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$54.6M
+0.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$54,305,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$54,580,000
Change: +1% · Conversion: Moderate
OFFICE BUILDING
$53,520,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$33.14M
Range $29.82M – $36.45M · ±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
$102 / 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
Land market value
$2,958,500
Improvement market value
$23,325,000
Total market value
$26,283,500
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2019
Heating
NONE
Cooling
AC.PACKAGE
Total area
323,961 SF
Lot
27.38 ac (1,192,673 SF)
Zoning code
I-2
APN
017-011.00-000
UPID
US80-2702536
Jurisdiction
RUTHERFORD
Zoning & alternative use
I-2 · La Vergne, TN
Zoning I-2 · permitted uses
I-2 · 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
$54.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$54.6M
OFFICE BUILDING
Est. value
$53.5M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE 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
2019
Heating
NONE
Cooling
Yes
Lot
27.38 ac
Current owner
From public records · entity-resolved
Industrial Dev Board Of Rutherfor
Individual
Mailing address
119 E MAIN ST, MURFREESBORO, TN 37130-3726
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2021
—
E3 Construction Services LLC
—
Deed
related
$1,992,000 · Planters Bank
Nov 13, 2019
—
Industrial Dev Board Of Rutherfor
Park 24 East Building 4 LLC
Quit Claim Deed
related
$19,100,000 · First Citizens Bk
Jun 4, 2019
—
Park 24 East-building 4 LLC
—
Grant Deed
related
$19,100,000 · First Citizens Bk
Feb 1, 2018
—
Mason Road Holdings West LLC
David B Ingram
Quit Claim Deed
related
—
Feb 1, 2018
$3,069,835
Mason Road Holdings West LLC
Ingram,david B
Grant Deed
related
—
Feb 1, 2018
$5,380,164
Mason Road Holdings East LLC
Ingram,david B
Grant Deed
related
—
Mar 10, 1999
$3,651,300
David B Ingram
Mictchell,julie
Grant Deed
—
Jul 15, 1996
$48,000
Ingram Industries INC
Ingram,industrie
Grant Deed
related
—
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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