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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Bowling alleys
581 Clemmons Rd Mount Juliet, TN 37122-4479
Entity Owned
7-yr Hold
Free & Clear
Property ID
US80-2571161
Property profile
Verified
Property type
Bowling alleys
Use group
BOWLING ALLEY
Year built
2023
Construction
FRAME
Total area
21,126 SF
Lot
7.56 ac (329,314 SF)
Zoning code
AR40
APN
072 07100
UPID
US80-2571161
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
-
Mt. Juliet Elite Gymnastics Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$505k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$505k
Owner & transaction history
Mj Elite LLC · 7 yrs held
Mj Elite LLC
since 2018
7 recorded transactions
Zoning & alternative use
AR40 · Mount Juliet, TN
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 Mount Juliet submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mount Juliet 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
$505,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$685,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$595,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$24 / 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
$10,192
Tax year 2023
Assessed value
$504,825
Assessed 2023
Previous assessed
$504,825
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$60,775
Assessed improvement
$444,050
Land market value
$243,100
Improvement market value
$1,776,200
Total market value
$2,019,300
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
Bowling alleys
Use group
BOWLING ALLEY
Status
Off-Market
Year built
2023
Construction
FRAME
Heating
NONE
Stories
1
Total area
21,126 SF
Lot
7.56 ac (329,314 SF)
Zoning code
AR40
APN
072 07100
UPID
US80-2571161
Jurisdiction
WILSON
Zoning & alternative use
AR40 · Mount Juliet, TNZoning AR40 · permitted uses
AR40 · Mount Juliet, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
land development code
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL)
Est. value
$685,000
WAREHOUSE, STORAGE
Est. value
$595,000
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
2023
Construction
FRAME
Heating
NONE
Stories
1
Lot
7.56 ac
Current owner
From public records · entity-resolved
Mj Elite LLC
Entity
Free & Clear · 7 yrs held
Mailing address
2031 SANFORD DR, MOUNT JULIET, TN 37122-5402
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2018
$350,000
Mj Elite LLC
Page,james L
Warranty Deed
—
Oct 12, 2018
—
James L Page
Gonzales Mary P
Quit Claim Deed
related
—
Feb 23, 2016
—
City Of Mt Juliet
Elliott,beverly B
Quit Claim Deed
related
—
Feb 22, 2016
$500,000
Beverly B Elliott
Gonzales Mary P
Warranty Deed
—
Feb 22, 2016
—
Mary P Gonzales
P W & B LLC
Quit Claim Deed
related
—
Sep 19, 2013
$487,500
Friendship Community Church
P W & B LLC
Warranty Deed
—
Apr 25, 2006
—
Pw & B LLC
—
Trustees Deed
related
$325,000 · Wilson Bank & Trust
Jan 31, 2006
$523,800
Jeffrey A Rowlett
Pw & B LLC
Warranty Deed
$471,420 · Bank Of The South
Aug 5, 2004
—
Pw & B LLC
Gonzalez,mary
Quit Claim Deed
related
—
Jun 25, 2003
$672,320
Mary Gonzalez
Robertson,kennet
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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