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Property profile & analytics
OFF-MARKET
Estimated value
$2,125,000
Grocery and convenience stores
3450 Hwy 109th N Lebanon, TN 37090-1210
Entity Owned
4-yr Hold
Free & Clear
Property ID
US80-1262822
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2022
Construction
FRAME
Total area
5,590 SF
Lot
3.58 ac (155,945 SF)
APN
055 05000
UPID
US80-1262822
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
-
Mapco Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.97M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.13M
Owner & transaction history
Emerald Property Group LLC · 4 yrs held
Emerald Property Group LLC
since 2021
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.6M
+305.9%
Commercial (general)
$1.7M
+157.7%
Medical building
$1.4M
+119.7%
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 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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,130,000
6.5%
$1,965,000
7%
$1,825,000
Alternative Use
Use
Estimation
RESTAURANT
$2,640,000
Change: +306% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,675,000
Change: +158% · Conversion: Easy
MEDICAL BUILDING
$1,425,000
Change: +120% · Conversion: Difficult
Blend value · Realmo final
$2.13M
Range $1.91M – $2.34M · ±10% · vs last sale $2.30M (Dec 10 2021)
Last sale anchor
$2.30M
Dec 10 2021
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
$380 / 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
$22,029
Tax year 2023
Assessed value
$849,080
Assessed 2023
Previous assessed
$849,080
+0.0% YoY
Effective rate
2.59%
On assessed value
Assessed land
$459,120
Assessed improvement
$389,960
Land market value
$1,147,800
Improvement market value
$974,900
Total market value
$2,122,700
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2022
Construction
FRAME
Heating
YES
Stories
1
Units
1
Bathrooms
2
Total area
5,590 SF
Lot
3.58 ac (155,945 SF)
APN
055 05000
UPID
US80-1262822
Jurisdiction
WILSON
Zoning & alternative use
Zoning · permitted uses
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
RESTAURANT
Est. value
$2.6M
COMMERCIAL (GENERAL)
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.4M
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL 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
2022
Construction
FRAME
Heating
YES
Stories
1
Units
1
Bathrooms
2
Lot
3.58 ac
Current owner
From public records · entity-resolved
Emerald Property Group LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2424 RDG RD, ROCKWALL, TX 75087-5116
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2021
—
Emerald Property Group LLC
Charles D Mcmurray
Quit Claim Deed
related
—
Dec 10, 2021
$2,300,000
Emerald Property Group LLC
Charles D Mcmurray
Special Warranty Deed
—
Oct 8, 2019
—
Charles D Mcmurray
—
Deed
related
$250,000 · Southern Bk/tn
Feb 4, 2019
$1,200,000
Charles D Mcmurray
Ezell,stanley M & Leellen H
Warranty Deed
$1,000,000 · Southern Bk/tn
Apr 1, 2016
$750,000
Stanley M Ezell
Ezell,ryan
Warranty Deed
related
$662,173 · Private Individual
Aug 9, 2007
$675,000
Ryan Ezell
Emery,david R
Warranty Deed
$672,314 · Wilson Bank & Trust
—
—
Charles D Mcmurray
—
Loan Modification
related
$250,000 · Southern Bk/tn
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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