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Property profile & analytics
OFF-MARKET
Estimated value
$6,040,000
Individual retail properties
3051 Lebanon Pike, Nashville, TN 37214-2229
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-0580945
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
2004
Total area
36,273 SF
Lot
2.4 ac (104,544 SF)
Zoning code
MUL
APN
085-00-0-052-00
UPID
US80-0580945
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
-
TruFit Athletic Clubs - Donelson Gym & Fitness Center
-
Trufit Athletic Club Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.60M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.04M
Owner & transaction history
Lightpost Tennessee LLC · 2 yrs held
Lightpost Tennessee LLC
since 2023
Last sale
$6.4M
6 recorded transactions
Zoning & alternative use
MUL · Nashville, 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 Nashville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Nashville 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
$5,755,000
ML approach
$5,595,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$8,340,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,790,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$5,155,000
Change: 0% · Conversion: Difficult
RESTAURANT
$5,140,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$5,000,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$4,175,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$6.04M
Range $5.44M – $6.64M · ±10% · vs last sale $6.40M (Dec 28 2023)
Last sale anchor
$6.40M
Dec 28 2023
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
$167 / 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
$92,807
Tax year 2023
Assessed value
$2,852,080
Assessed 2023
Previous assessed
$2,852,080
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$267,640
Assessed improvement
$2,584,440
Land market value
$669,100
Improvement market value
$6,461,100
Total market value
$7,130,200
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
2004
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
36,273 SF
Lot
2.4 ac (104,544 SF)
Zoning code
MUL
APN
085-00-0-052-00
UPID
US80-0580945
Jurisdiction
DAVIDSON
Zoning & alternative use
MUL · Nashville, TN
Zoning MUL · permitted uses
MUL · Nashville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Nashville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$8.3M
COMMERCIAL (GENERAL)
Est. value
$7.8M
RETAIL STORES
Est. value
$5.2M
RESTAURANT
Est. value
$5.1M
MEDICAL BUILDING
Est. value
$5.0M
OFFICE BUILDING
Est. value
$4.2M
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
RESTAURANT
MEDICAL BUILDING
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
2004
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
2.4 ac
Current owner
From public records · entity-resolved
Lightpost Tennessee LLC
Entity
Mailing address
116 AGNES RD, KNOXVILLE, TN 37919-6306
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2023
$6,400,000
Lightpost Tennessee LLC
Donelson Fitness Holdings LP
Special Warranty Deed
$2,500,000 · Cogent Bank
Sep 21, 2022
—
Donelson Fitness Holdigns LP
—
Deed
related
$989,399 · Legends Bank
Feb 26, 2020
—
Donelson Fitness Holdings
—
Deed
related
$3,222,435 · Legends Bk
Sep 5, 2003
$280,000
Fitness Holdings LP Donelson
Nashville Educare Co
Grant Deed
related
—
—
—
Donelson Fitness Holdings LP
—
Deed Of Trust
related
$3,500,000 · Legends Bk
—
—
Donelson Fitness Holdings
—
Loan Modification
related
$3,222,435 · Legends Bk
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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