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Property profile & analytics
OFF-MARKET
Estimated value
$26,765,000
Outlet malls
5511 Murfreesboro Rd La Vergne, TN 37086-2736
Trust Owned
11-yr Hold
Free & Clear
Property ID
US80-2512269
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2016
Total area
189,968 SF
Lot
41.84 ac (1,822,550 SF)
APN
018-002.00-000
UPID
US80-2512269
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
-
Walmart Photo Center (Bike/Boat/Book/etc) Store
-
Walmart Garden Center Garden Center
-
Walmart Pharmacy Pharmacy
-
KeyMe Locksmiths Locksmith (Bike/Boat/Book/etc) Store
-
Walmart7020 Electronics Vending Machine
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$24.94M
Blend (final)
Blend
$26.77M
Owner & transaction history
Wal-mart Real Estate Busn Trust · 11 yrs held
Wal-mart Real Estate Busn Trust
since 2014
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$38.8M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$34,555,000
Current use
MEDICAL BUILDING
$38,830,000
Change: +12% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$32,005,000
Change: -7% · Conversion: Moderate
WAREHOUSE, STORAGE
$31,845,000
Change: -8% · Conversion: Difficult
OFFICE BUILDING
$31,385,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$26.77M
Range $24.09M – $29.44M · ±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
$141 / 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
$197,225
Tax year 2023
Assessed value
$8,175,120
Assessed 2024
Previous assessed
$8,175,120
+0.0% YoY
Effective rate
2.41%
On assessed value
Assessed land
$1,753,120
Assessed improvement
$6,422,000
Land market value
$4,382,800
Improvement market value
$16,055,000
Total market value
$20,437,800
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2016
Heating
YES
Cooling
YES
Buildings
2
Units
1
Bathrooms
3
Total area
189,968 SF
Lot
41.84 ac (1,822,550 SF)
APN
018-002.00-000
UPID
US80-2512269
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
$34.6M
MEDICAL BUILDING
Est. value
$38.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$32.0M
WAREHOUSE, STORAGE
Est. value
$31.8M
OFFICE BUILDING
Est. value
$31.4M
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
2016
Heating
YES
Cooling
Yes
Buildings
2
Units
1
Bathrooms
3
Lot
41.84 ac
Current owner
From public records · entity-resolved
Wal-mart Real Estate Busn Trust
Trust
Free & Clear · 11 yrs held
Mailing address
PO BOX 8050, BENTONVILLE, AR 72712-8055
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2014
$1,687,500
Wal-mart Real Estate Busn Trust
Northstar 1 LLC
Grant Deed
—
Dec 28, 2011
—
Pnb Holding Co 1 INC
Pinnacle Natl Bk
Quit Claim Deed
related
—
Nov 30, 2010
$1,700,000
Pinnacle Natl Bk
White,george H
Trustees Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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