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Property profile & analytics
OFF-MARKET
Estimated value
$4,825,000
Drug stores
2909 Murfreesboro Pike Antioch, TN 37013-2227
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-0046947
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2006
Total area
16,026 SF
Lot
2.03 ac (88,427 SF)
Zoning code
CS
APN
150-00-0-263-00
UPID
US80-0046947
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
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
COVID-19 Drive-thru Testing at Walgreens Medical Laboratory
-
FedEx OnSite Postal Service Courier Service
-
Walgreens Pharmacy Pharmacy
-
Walgreens Photo (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.81M
CAP Approach
CAP
$2.95M
Comparable Approach
Comparable
$5.64M
Blend (final)
Blend
$4.83M
Owner & transaction history
Nashwai LLC · 4 yrs held
Nashwai LLC
since 2022
Last sale
$4.9M
5 recorded transactions
Zoning & alternative use
CS · Antioch, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.0M
+17.4%
Auto repair, garage
$7.8M
+15.5%
Commercial (general)
$7.6M
+11.7%
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 Antioch submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Antioch 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
$4,825,000
ML approach
$4,805,000
CAP Approach
CAP Return
Estimation
6%
$3,195,000
6.5%
$2,950,000
7%
$2,740,000
Alternative Use
Use
Estimation
RETAIL STORES
$6,790,000
Current use
RESTAURANT
$7,970,000
Change: +17% · Conversion: Easy
AUTO REPAIR, GARAGE
$7,840,000
Change: +15% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,585,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$4.83M
Range $4.34M – $5.31M · ±10% · vs last sale $4.94M (Jan 14 2022)
Last sale anchor
$4.94M
Jan 14 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
$301 / 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
$60,394
Tax year 2023
Assessed value
$1,856,000
Assessed 2023
Previous assessed
$1,856,000
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$282,960
Assessed improvement
$1,573,040
Land market value
$707,400
Improvement market value
$3,932,600
Total market value
$4,640,000
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2006
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
16,026 SF
Lot
2.03 ac (88,427 SF)
Zoning code
CS
APN
150-00-0-263-00
UPID
US80-0046947
Jurisdiction
DAVIDSON
Zoning & alternative use
CS · Antioch, TNZoning CS · permitted uses
CS · Antioch, 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
RETAIL STORES Current
Est. value
$6.8M
RESTAURANT
Est. value
$8.0M
AUTO REPAIR, GARAGE
Est. value
$7.8M
COMMERCIAL (GENERAL)
Est. value
$7.6M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
2.03 ac
Current owner
From public records · entity-resolved
Nashwai LLC
Entity
Mailing address
PO BOX 1159, DEERFIELD, IL 60015-6002
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
Jan 14, 2022
$4,940,000
Nashwai LLC
2909 Murfreesboro Pike Antioch LLC
Special Warranty Deed
—
Jun 17, 2021
—
Walgreen Co
2909 Murfreesboro Pike Antioch LLC
Lease
—
Jun 17, 2021
$4,155,140
2909 Mufreesboro Pike Antioch LLC
Walgreen Co
Special Warranty Deed
$87,800,000 · Wells Fargo Bank NA
May 12, 2005
$1,500,000
Walgreen Co
Butler,scott C
Warranty Deed
—
—
—
Scott C Butler
—
Deed Of Trust
related
$460,000 · Bank Of Nashville
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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