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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    645 Couchville Pike Mount Juliet, TN 37122

    • Commercial land
    • 14.58 lot acres
    For Sale
    View listing
    Last Sale
    Oct 28, 2022
    $4,310,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-2108777
    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.

    Current Use by Public Records

    • Commercial land

    Property Details for 645 Couchville Pike

    Lot size
    14.58 lot acres
    Property type
    Commercial land
    APN
    138 03906
    APU
    13803906

    Description

    This exceptional 6-acre commercial land parcel presents a unique investment opportunity in the thriving Mt. Juliet, Tennessee market. Located at 645 Couchville Pike, zip code 37122, this single-tenant property is ideally situated for immediate development. The site is pad-ready, eliminating significant upfront development costs and expediting the construction process. This translates to faster occupancy and quicker return on investment. The property offers considerable flexibility, with the current ownership open to exploring build-to-suit options, tailoring the development to meet specific tenant requirements. This makes it an attractive proposition for businesses seeking a customized space to meet their operational needs. The property's location in Mt. Juliet provides excellent access to major transportation routes, ensuring convenient commutes for employees and efficient logistics for businesses. The sale price is available upon request. Serious inquiries are encouraged to explore this prime commercial land opportunity in a rapidly growing area of Tennessee. The latitude and longitude coordinates are 36.068276 and -86.433759 respectively. This is a ground lease opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,045,000
      ML approach
      $4,470,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Juliet
    County
    Wilson
    State
    Tennessee
    Longitude
    -86.4338
    Latitude
    36.0683
    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
    $11,133
    $583,200
    $0.00
    $583,200
    -
    $1,458,000
    $0.00
    $1,458,000

    Comparable in this City

    • Value Estimation by Request
      1.00 Acre

      4078 Mt Juliet Rd

      VACANT COMMERCIAL LAND • 1.00 Acre
      4078 Mt Juliet Rd, Mount Juliet, TN 37122-3086
      View Details
    • Value Estimation by Request
      0.27 Acres

      1058 Plz Dr

      VACANT COMMERCIAL LAND • 0.27 Acres
      1058 Plz Dr, Mount Juliet, TN 37122
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    • Value Estimation by Request
      7.25 Acres

      8162 Stewarts Fry Pike

      VACANT COMMERCIAL LAND • 7.25 Acres
      8162 Stewarts Fry Pike, Mount Juliet, TN 37122-7101
      View Details
    • Value Estimation by Request
      0.61 Acres

      5009 Market Pl

      VACANT COMMERCIAL LAND • 0.61 Acres
      5009 Market Pl, Mount Juliet, TN 37122-2869
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    • Value Estimation by Request
      1.19 Acres

      1009 Pleasant Grv Pl

      VACANT COMMERCIAL LAND • 1.19 Acres
      1009 Pleasant Grv Pl, Mount Juliet, TN 37122-3597
      View Details
    • Value Estimation
      $2,700,000
      3.25 Acres

      80 Belinda Pkwy

      VACANT COMMERCIAL LAND • 3.25 Acres
      80 Belinda Pkwy, Mount Juliet, TN 37122-3772
      View Details

    Similar Nearby for Sale

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      Future development lot less than a quarter mile from I-40.
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      2.9ac lot suitable for mixed-use development in thriving Mount Juliet.
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    Similar Nearby for Lease

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      Mt. Juliet Medical Office Space

      Prime Medical Office Building, I-40 Access
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    • $2,250 /Mo

      Modern Office Space Available

      Professionally designed office suite with modern amenities, move-in ready.
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      Professional Office Spaces Available

      Private offices with shared amenities for rent in Mount Juliet.
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      3,300 SF

      Retail Space Near Interstate 40

      Conveniently located retail space in a growing Tennessee city.
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      Mount Juliet Office Space Available

      Office space for rent near I-40 and retail.
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    • Contact for pricing
      633,786 SF

      Providence Marketplace Retail Space

      Wilson County, 717 SF Available
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      View Details
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    645 Couchville Pike
    Mount Juliet, TN 37122
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    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
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