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Property profile & analytics
OFF-MARKET
Estimated value
$7,650,000
Grocery and convenience stores
5185 Murfreesboro Rd 5197 La Vergne, TN 37086-2713
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US80-3486272
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1996
Total area
51,071 SF
Lot
4.99 ac (217,364 SF)
APN
015-002.04-000
UPID
US80-3486272
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
-
Planet Fitness Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.52M
Blend (final)
Blend
$7.65M
Owner & transaction history
La Vergne Holdings LLC · 3 yrs held
La Vergne Holdings LLC
since 2022
Last sale
$7.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$10.4M
+12.4%
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
$7,750,000
ML approach
$8,060,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$9,290,000
Current use
MEDICAL BUILDING
$10,440,000
Change: +12% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$8,605,000
Change: -7% · Conversion: Moderate
WAREHOUSE, STORAGE
$8,560,000
Change: -8% · Conversion: Difficult
OFFICE BUILDING
$8,435,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$7.65M
Range $6.89M – $8.42M · ±10% · vs last sale $7.40M (Sep 2 2022)
Last sale anchor
$7.40M
Sep 2 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
$150 / 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
$40,365
Tax year 2023
Assessed value
$1,673,160
Assessed 2024
Previous assessed
$1,673,160
+0.0% YoY
Effective rate
2.41%
On assessed value
Assessed land
$497,280
Assessed improvement
$1,175,880
Land market value
$1,243,200
Improvement market value
$2,939,700
Total market value
$4,182,900
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
1996
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
4
Bathrooms
12
Total area
51,071 SF
Lot
4.99 ac (217,364 SF)
APN
015-002.04-000
UPID
US80-3486272
Jurisdiction
RUTHERFORD
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
RETAIL STORES Current
Est. value
$9.3M
MEDICAL BUILDING
Est. value
$10.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.6M
WAREHOUSE, STORAGE
Est. value
$8.6M
OFFICE BUILDING
Est. value
$8.4M
RETAIL STORES Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
1996
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
4
Bathrooms
12
Lot
4.99 ac
Current owner
From public records · entity-resolved
La Vergne Holdings LLC
Entity
Mailing address
1975 HEMPSTEAD TPKE STE #309, EAST MEADOW, NY 11554-1703
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 2, 2022
$7,400,000
La Vergne Holdings LLC
Tmk Lavergne LLC
Special Warranty Deed
$5,000,000 · Truist Bank
Jan 22, 2018
$2,300,000
Tmk Lavergne LLC
Benson 2013 Trust
Grant Deed
—
Jun 3, 2016
$2,050,000
Benson 2013 Joint Revocable Trust
Woods Hill Lavergne LLC
Special Warranty Deed
$1,600,000 · Avenue Bank
Oct 23, 2013
$2,000,000
Woods Hill Lavergne LLC
Prochaska Joseph R
Trustees Deed
—
Sep 25, 2007
$4,250,000
La Vergne Food Lion Ptrs LLC
Crossman,james A & Mary
Warranty Deed
$3,300,000 · Lehman Brothers Bank Fsb
Mar 14, 2006
$127,000
Record Owner
Owner,record
Grant Deed
related
—
Dec 2, 2003
$3,425,000
Everette Howell
Five Oaks Outlet
Grant Deed
—
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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