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    233 Mason Rd, Unit 245 La Vergne, TN 37086-3212
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    Property profile & analytics

    233 Mason Rd, Unit 245, La Vergne, TN 37086-3212

    View on Map
    • Warehouses
    • 323,961 SF
    • 27.38 lot acres
    Off-Market
    Property ID
    US80-2702536
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $33,135,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Cardinal Health / Distribution Center / Logistics Company

    Property Details for 233 Mason Rd

    Year built
    2019
    Lot size
    27.38 lot acres
    Zone code
    I-2
    Property type
    Warehouses
    APN
    017-011.00-000
    APU
    1701100000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 8, 2021 — E3 Construction Services LLC — Deed · related $2M · Planters Bank
    Nov 13, 2019 — Industrial Dev Board Of Rutherfor Park 24 East Building 4 LLC Quit Claim Deed · related $19.1M · First Citizens Bk
    Jun 4, 2019 — Park 24 East-building 4 LLC — Grant Deed · related $19.1M · 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 —

    Value Estimations

    based on Realmo’s proprietary methodology

    • 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

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    La Vergne
    County
    Rutherford
    State
    Tennessee
    Longitude
    -86.5816
    Latitude
    36.0048
    CBSA code
    34980
    CBSA name
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $2,958,500
    $23,325,000
    $26,283,500

    Comparable in this City

    • Value Estimation
      $17,225,000
      191,704 SF

      270 Mason Rd, Unit 282

      WAREHOUSE, STORAGE
      270 Mason Rd, La Vergne, TN 37086-3211
      View Details
    • Value Estimation
      $18,375,000
      186,956 SF

      370 New Sanford Rd

      WAREHOUSE, STORAGE
      370 New Sanford Rd, La Vergne, TN 37086-4195
      View Details
    • Value Estimation
      $6,660,000
      518,733 SF

      427 New Sanford Rd, Unit 435

      WAREHOUSE, STORAGE
      427 New Sanford Rd, La Vergne, TN 37086-4184
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    • Value Estimation
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      203,643 SF

      285 Tech Park Dr

      WAREHOUSE, STORAGE
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    • Value Estimation
      $43,000,000
      484,476 SF

      8000-8560 Centrepointe Way

      WAREHOUSE, STORAGE
      8000-8560 Centrepointe Way, La Vergne, TN 37086
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    • Value Estimation by Request
      4,000 SF

      112 Cheerful Plab

      WAREHOUSE, STORAGE
      112 Cheerful Plab, La Vergne, TN 37086-3607
      View Details

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      71,025 SF

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      Commercial Land with Retail Access

      Commercial land with high traffic and retail development potential.
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      833 SF

      NNN Ground Lease Investment Opportunity

      NNN ground lease with corporate guarantee and zero landlord responsibilities.
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      Commercial Land Near Supercenter

      Commercial land with highway frontage near retail and airport.
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      4,549 SF

      NNN Leased Commercial Property

      Commercial property with a 19-year absolute NNN lease.
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      10 Acres of Divisible Land

      Approximately 10 acres of divisible land for sale.
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    Similar Nearby for Lease

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      59,000 SF

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      Industrial warehouse space with mezzanine and multiple loading docks.
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      Pending

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      Warehouse space for lease in LaVergne, Tennessee.
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    • Contact for pricing
      48,029 SF

      La Vergne Warehouse Space Available

      48,029 SF warehouse space with dock doors for lease.
      270-282 Mason Rd, La Vergne, TN 37086
      View Details
    • $9 SF/Yr

      Industrial Space Near I-24

      Industrial property with convenient access to major transportation routes.
      1450 Gould Blvd, La Vergne, TN 37086
      View Details
    • Contact for pricing
      34,913 SF

      Modern Industrial Space Near I-24

      Class A industrial building built in 2021, near I-24.
      1001-1021 Centerpointe Dr, La Vergne, TN 37086
      View Details
    • Contact for pricing
      43,001 SF

      Industrial Space Available for Sublease

      43,001 SF industrial space with office in La Vergne.
      250-262 Mason Rd, La Vergne, TN 37086
      View Details
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    La Vergne, TN 37086-3212
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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