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Property profile & analytics
OFF-MARKET
Estimated value
$2,075,000
Grocery and convenience stores
500 Waldron Rd La Vergne, TN 37086-3532
Entity Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US80-3424158
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2022
Total area
6,375 SF
Lot
1.4 ac (60,984 SF)
Zoning code
C-2
APN
017O-A-002.00-000
UPID
US80-3424158
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
-
Affordable Dentures Department Store
-
21st Century Insurance Insurance Agency
-
Automatic Roofing Roofing Company General Contractor
-
RaceTrac Parking Lot & Garage Gas Station
-
Lightning Transportation Services Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.38M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.08M
Owner & transaction history
City Of Lavergne Tennessee · 17 yrs held
City Of Lavergne Tennessee
since 2009
7 recorded transactions
Zoning & alternative use
C-2 · La Vergne, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.9M
+78.6%
Auto repair, garage
$1.7M
+60.2%
Medical building
$1.3M
+21.3%
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 La Vergne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs La Vergne 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%
$2,570,000
6.5%
$2,375,000
7%
$2,205,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,920,000
Change: +79% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,720,000
Change: +60% · Conversion: Difficult
MEDICAL BUILDING
$1,305,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$2.08M
Range $1.87M – $2.28M · ±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
$325 / 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
$43,116
Tax year 2023
Assessed value
$1,492,720
Assessed 2024
Previous assessed
$1,787,160
-16.5% YoY
Effective rate
2.89%
On assessed value
Assessed land
$386,960
Assessed improvement
$1,105,760
Land market value
$967,400
Improvement market value
$2,764,400
Total market value
$3,731,800
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
CONVENIENCE STORE
Status
Off-Market
Year built
2022
Heating
ZONE
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
1
Total area
6,375 SF
Lot
1.4 ac (60,984 SF)
Zoning code
C-2
APN
017O-A-002.00-000
UPID
US80-3424158
Jurisdiction
RUTHERFORD
Zoning & alternative use
C-2 · La Vergne, TN
Zoning C-2 · permitted uses
C-2 · La Vergne, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
La Vergne. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.3M
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
Heating
ZONE
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
1.4 ac
Current owner
From public records · entity-resolved
City Of Lavergne Tennessee
Entity
Mailing address
200 GALLERIA PKWY SE STE #900, ATLANTA, GA 30339-5945
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2009
—
City Of Lavergne Tennessee
Young,timothy W
Quit Claim Deed
related
—
Sep 20, 2007
—
Timothy W Young
—
Trustees Deed
related
$120,000 · Pinnacle National Bank
Sep 18, 2006
$170,000
Timothy W Young
Owner,record
Grant Deed
related
—
Nov 4, 2004
$875,000
Farrer-young Properties
Lawn Care Sales & Service
Warranty Deed
$900,000 · Cavalry Banking
—
—
Timothy W Young
—
Deed Of Trust
related
—
—
—
Timothy W Young
—
Deed Of Trust
related
$167,000 · Pinnacle National Bank
—
—
Timothy W Young
—
Deed Of Trust
related
—
—
—
Farrer-young Properties
—
Deed Of Trust
related
$225,000 · Cavalry Banking
—
—
Timothy W Young
—
Deed Of Trust
related
$123,000 · Pinnacle National 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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