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Property profile & analytics
OFF-MARKET
Estimated value
$57,765,000
Warehouses
245 Couchville Industrial Blvd Mount Juliet, TN 37122-1565
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-1418959
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
709,800 SF
Lot
43.98 ac (1,915,769 SF)
Zoning code
C4
APN
137 00218
UPID
US80-1418959
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$57.69M
Blend (final)
Blend
$57.77M
Owner & transaction history
Welcome Industrial Sub 66 LLC · 3 yrs held
Welcome Industrial Sub 66 LLC
since 2022
Last sale
$55.8M
5 recorded transactions
Zoning & alternative use
C4 · 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
$61,865,000
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
$68,830,000
Current use
Blend value · Realmo final
$57.77M
Range $51.99M – $63.54M · ±10% · vs last sale $55.75M (Oct 31 2022)
Last sale anchor
$55.75M
Oct 31 2022
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
$81 / 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
$205,317
Tax year 2023
Assessed value
$10,755,800
Assessed 2023
Previous assessed
$10,755,800
+0.0% YoY
Effective rate
1.91%
On assessed value
Assessed land
$1,136,440
Assessed improvement
$9,619,360
Land market value
$2,841,100
Improvement market value
$24,048,400
Total market value
$26,889,500
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Stories
1
Units
1
Bathrooms
3
Total area
709,800 SF
Lot
43.98 ac (1,915,769 SF)
Zoning code
C4
APN
137 00218
UPID
US80-1418959
Jurisdiction
WILSON
Zoning & alternative use
C4 · Mount Juliet, TN
Zoning C4 · permitted uses
C4 · 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
WAREHOUSE, STORAGE Current
Est. value
$68.8M
WAREHOUSE, STORAGE Current
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
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Stories
1
Units
1
Bathrooms
3
Lot
43.98 ac
Current owner
From public records · entity-resolved
Welcome Industrial Sub 66 LLC
Entity
Mailing address
5858 WESTHEIMER RD STE #800, HOUSTON, TX 77057-5777
Ownership since
2022
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
Oct 31, 2022
$55,750,000
Welcome Industrial Sub 66 LLC
Nashville Industrial Property LP
Special Warranty Deed
$37,000,000 · Simmons Bank
Aug 26, 2020
$30,900,000
Nashville Indl Prop LP
Cref3 245 Couchville Owner LLC
Grant Deed
$21,650,000 · Miscellaneous Ins Co
May 20, 2019
—
Cref3 245 Couchville Owner LLC
—
Grant Deed
related
$19,894,000 · Pacific Wstrn Bk
Feb 28, 2019
$23,640,000
Cref3 245 Couchville Owner LLC
Redus Tn-all LLC
Grant Deed
—
Aug 4, 2011
$8,000,000
Redus Tn-all LLC
Nashville Industrial I LLC
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.
Try Rey
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