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Property profile & analytics
OFF-MARKET
Estimated value
$21,425,000
Retail properties & Spaces
703 Mt Juliet Rd 631 Mount Juliet, TN 37122-6320
Entity Owned
3-yr Hold
Free & Clear
Property ID
US80-3129323
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
59,580 SF
Lot
21.42 ac (933,055 SF)
Zoning code
C1
APN
096 01900
UPID
US80-3129323
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$20.96M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$21.43M
Owner & transaction history
Providence Commons Station LLC · 3 yrs held
Providence Commons Station LLC
since 2023
Last sale
$28.2M
4 recorded transactions
Zoning & alternative use
C1 · Mount Juliet, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$28.1M
+245.4%
Commercial (general)
$15.9M
+95.4%
Medical building
$15.2M
+86.9%
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
$27,920,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$22,710,000
6.5%
$20,960,000
7%
$19,465,000
Alternative Use
Use
Estimation
RESTAURANT
$28,110,000
Change: +245% · Conversion: Easy
COMMERCIAL (GENERAL)
$15,900,000
Change: +95% · Conversion: Easy
MEDICAL BUILDING
$15,215,000
Change: +87% · Conversion: Difficult
Blend value · Realmo final
$21.43M
Range $19.28M – $23.57M · ±10% · vs last sale $28.20M (Jan 27 2023)
Last sale anchor
$28.20M
Jan 27 2023
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
$360 / 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
$103,450
Tax year 2023
Assessed value
$5,124,080
Assessed 2023
Previous assessed
$5,124,080
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$2,373,320
Assessed improvement
$2,750,760
Land market value
$5,933,300
Improvement market value
$6,876,900
Total market value
$12,810,200
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Units
1
Bathrooms
14
Total area
59,580 SF
Lot
21.42 ac (933,055 SF)
Zoning code
C1
APN
096 01900
UPID
US80-3129323
Jurisdiction
WILSON
Zoning & alternative use
C1 · Mount Juliet, TN
Zoning C1 · permitted uses
C1 · Mount Juliet, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mount Juliet. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$28.1M
COMMERCIAL (GENERAL)
Est. value
$15.9M
MEDICAL BUILDING
Est. value
$15.2M
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL 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
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Units
1
Bathrooms
14
Lot
21.42 ac
Current owner
From public records · entity-resolved
Providence Commons Station LLC
Entity
Free & Clear · 3 yrs held
Mailing address
11501 NORTHLAKE DR, CINCINNATI, OH 45249-1669
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2023
—
Providence Commons Station LLC
Fund Xi Providence Commons LLC
Intrafamily Transfer
related
—
Jan 30, 2018
$28,200,000
Fund Xi Providence Commons LLC
Boyle Juliet LP
Grant Deed
—
Mar 13, 2009
—
Mcculloch Jere N Tr
Graves,bertha J
Quit Claim Deed
related
—
May 30, 2008
$5,775,000
Juliet Boyle
Nelson,melvin W & Francis G
Warranty 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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