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Property profile & analytics
OFF-MARKET
Estimated value
$350,000
Warehouses
250 Business Park Dr Lebanon, TN 37090-1233
Individually Owned
19-yr Hold
~
Est. High Equity
Property ID
US80-1833535
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2006
Construction
FRAME
Total area
6,000 SF
Lot
1.03 ac (44,867 SF)
Zoning code
M4
APN
056 05813
UPID
US80-1833535
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
-
Advanced Wire Products Inc Electronics & Wireless Store
-
Auto World Plaza Inc. Car Dealership
-
Insulation Plastics Inc Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$350k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$308k
Blend (final)
Blend
$350k
Owner & transaction history
Daniel E Solarz · 19 yrs held
Daniel E Solarz
since 2006
2 recorded transactions
Zoning & alternative use
M4 · Lebanon, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$695,000
+14.2%
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 Lebanon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lebanon 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
$350,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$610,000
Current use
RETAIL STORES
$695,000
Change: +14% · Conversion: Moderate
Blend value · Realmo final
$350k
Range $315k – $385k · ±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
$58 / 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
$4,294
Tax year 2023
Assessed value
$165,520
Assessed 2023
Previous assessed
$165,520
+0.0% YoY
Effective rate
2.59%
On assessed value
Assessed land
$55,680
Assessed improvement
$109,840
Land market value
$139,200
Improvement market value
$274,600
Total market value
$413,800
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
2006
Construction
FRAME
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Bathrooms
1
Total area
6,000 SF
Lot
1.03 ac (44,867 SF)
Zoning code
M4
APN
056 05813
UPID
US80-1833535
Jurisdiction
WILSON
Zoning & alternative use
M4 · Lebanon, TNZoning M4 · permitted uses
M4 · Lebanon, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$610,000
RETAIL STORES
Est. value
$695,000
WAREHOUSE, STORAGE Current
RETAIL STORES
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
2006
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
1.03 ac
Current owner
From public records · entity-resolved
Daniel E Solarz
Individual
Mailing address
1841 HIDDEN RDG CIR, MOUNT JULIET, TN 37122-2364
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2006
$411,500
Daniel E Solarz
M T Polston & Sons General Con
Warranty Deed
$418,000 · Wilson Bank & Trust
Apr 26, 2006
$81,525
Tim Polston Homes INC
Decade Properties LLC
Warranty Deed
$380,000 · Cumberland Bank
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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