Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5018 Waldron Rd La Vergne, TN 37086
    Back to Search
    Property profile & analytics

    5018 Waldron Rd, La Vergne, TN 37086

    View on Map
    • Manufacturing properties
    • 240,674 SF
    • 12.22 lot acres
    Off-Market
    Last Sale Jun 1, 2023
    $15,600,000
    Property ID
    US80-2564166
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $16,015,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 5018 Waldron Rd

    Year built
    1976
    Lot size
    12.22 lot acres
    Property type
    Manufacturing properties
    APN
    015-017.02-000
    APU
    1501702000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 1, 2023 $15,600,000 Pti Real Estate Holdings LLC Gpt Murfreesboro Davidson Owner LLC Special Warranty Deed —
    Nov 3, 2022 — Morgan Stanley Bank NA — Deed · related $176M · Morgan Stanley Mortgage Capital Holdings
    Apr 6, 2022 — Gpt Murfreesboro Davidson Owner LLC — Deed · related —
    Nov 1, 2018 — Gpt Murfreesboro Davidson Owner LLC — Deed · related —
    Dec 30, 2015 $12,000,000 Gpt Murfreesboro Davidson Owne Ptb LLC Grant Deed —
    Dec 29, 2015 — Ptb LLC Leggett & Platt INC Quit Claim Deed · related —
    Jan 2, 1997 $3,015,200 Partners L P Legett — Grant Deed · related —
    — — Gpt Murfreesboro Davidson Owne — Deed Of Trust · related $14.1M · Citibank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $13,845,000
      ML approach
      $10,530,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $24,865,000
      MEDICAL BUILDING
      $24,275,000
      AUTO REPAIR, GARAGE
      $19,860,000
      OFFICE BUILDING
      $19,160,000
      NEIGHBORHOOD: SHOPPING CENTER
      $11,640,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    La Vergne
    County
    Rutherford
    State
    Tennessee
    Longitude
    -86.5884
    Latitude
    36.0223
    CBSA code
    34980
    CBSA name
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $78,070
    $558,440
    $2,724,080
    $3,282,520
    -
    $1,396,100
    $6,810,200
    $8,206,300

    Comparable in this City

    • Value Estimation by Request
      20,437 SF

      700 Bon Aqua Dr

      MANUFACTURING (LIGHT)
      700 Bon Aqua Dr, La Vergne, TN 37086-4280
      View Details
    • Value Estimation by Request
      8,788 SF

      480 Dick Buchanan St

      MANUFACTURING (LIGHT)
      480 Dick Buchanan St, La Vergne, TN 37086-2407
      View Details
    • Value Estimation
      $12,490,000
      2,196,000 SF

      1201 Bridgestone Pkwy

      MANUFACTURING (LIGHT)
      1201 Bridgestone Pkwy, La Vergne, TN 37086-3560
      View Details
    • Value Estimation
      $2,220,000
      252,472 SF

      14 Ingram Blvd, Unit 24

      MANUFACTURING (LIGHT)
      14 Ingram Blvd, La Vergne, TN 37086-3634
      View Details
    • Value Estimation by Request
      9,320 SF

      111 Wheeler St

      MANUFACTURING (LIGHT)
      111 Wheeler St, La Vergne, TN 37086-3119
      View Details
    • Value Estimation
      $670,000
      27,477 SF

      1378-1382 Heil Quaker Blvd

      MANUFACTURING (LIGHT)
      1378-1382 Heil Quaker Blvd, La Vergne, TN 37086
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      71,025 SF

      La Vergne Warehouse Space Available

      71,025 SF warehouse space for lease in La Vergne.
      131 Industrial Blvd, La Vergne, TN 37086
      View Details
    • Contact for pricing

      Commercial Land with Retail Access

      Commercial land with high traffic and retail development potential.
      101 Floyd Mayfield Dr, La Vergne, TN 37086
      View Details
    • Contact for pricing
      833 SF

      NNN Ground Lease Investment Opportunity

      NNN ground lease with corporate guarantee and zero landlord responsibilities.
      5062 Murfreesboro Rd, La Vergne, TN 37086
      View Details
    • Contact for pricing

      Commercial Land Near Supercenter

      Commercial land with highway frontage near retail and airport.
      108 Fergus Rd, La Vergne, TN 37086
      View Details
    • Contact for pricing
      4,549 SF

      NNN Leased Commercial Property

      Commercial property with a 19-year absolute NNN lease.
      5001 Murfreesboro Rd, La Vergne, TN 37086
      View Details
    • Contact for pricing

      10 Acres of Divisible Land

      Approximately 10 acres of divisible land for sale.
      151 Jefferson Pike, La Vergne, TN 37086
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      59,000 SF

      La Vergne Warehouse with Mezzanine

      Industrial warehouse space with mezzanine and multiple loading docks.
      191 Charter Pl, La Vergne, TN 37086
      View Details
    • Contact for pricing

      Nashville Distribution Center Sublease Opportunity

      Industrial sublease with flexible terms and convenient highway access.
      1230 Heil Quaker Blvd, La Vergne, TN 37086
      View Details
    • Contact for pricing
      Pending

      LaVergne Warehouse Space Available

      Warehouse space for lease in LaVergne, Tennessee.
      1430 Gould Blvd, La Vergne, TN 37086
      View Details
    • Contact for pricing
      48,029 SF

      La Vergne Warehouse Space Available

      48,029 SF warehouse space with dock doors for lease.
      270-282 Mason Rd, La Vergne, TN 37086
      View Details
    • Contact for pricing
      28,129 SF

      La Vergne Warehouse Space Available

      28,129 SF warehouse with dock and drive-in doors.
      200-204 Salyers Dr, La Vergne, TN 37086
      View Details
    • Contact for pricing
      163,780 SF

      La Vergne Warehouse Space Available

      Warehouse spaces available in La Vergne, starting from 18,144 SF.
      101 Water Tower Trl, La Vergne, TN 37086
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5018 Waldron Rd
    La Vergne, TN 37086
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5018 Waldron Rd, La Vergne, TN, 37086
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!