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Property profile & analytics
OFF-MARKET
Estimated value
$6,520,000
Warehouses
719 Rivergate Pkwy, Goodlettsville, TN 37072-2315
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US80-3392894
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1970
Total area
43,774 SF
Lot
4.96 ac (216,058 SF)
Zoning code
6ZZ
APN
026-13-0-028-00
UPID
US80-3392894
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
-
Storage Rentals of America Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.72M
Comparable Approach
Comparable
$6.30M
Blend (final)
Blend
$6.52M
Owner & transaction history
Sroa 719 Rivergate Tn LLC · 7 yrs held
Sroa 719 Rivergate Tn LLC
since 2019
7 recorded transactions
Zoning & alternative use
6ZZ · Goodlettsville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$9.9M
+41.7%
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 Goodlettsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Goodlettsville 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%
$7,275,000
6.5%
$6,720,000
7%
$6,240,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,950,000
Current use
APARTMENT HOUSE (5+ UNITS)
$9,850,000
Change: +42% · Conversion: Difficult
Blend value · Realmo final
$6.52M
Range $5.87M – $7.17M · ±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
$149 / 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
$85,464
Tax year 2023
Assessed value
$2,924,840
Assessed 2023
Previous assessed
$2,924,840
+0.0% YoY
Effective rate
2.92%
On assessed value
Assessed land
$388,920
Assessed improvement
$2,535,920
Land market value
$972,300
Improvement market value
$6,339,800
Total market value
$7,312,100
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1970
Heating
NONE
Cooling
CENTRAL
Buildings
4
Stories
2
Total area
43,774 SF
Lot
4.96 ac (216,058 SF)
Zoning code
6ZZ
APN
026-13-0-028-00
UPID
US80-3392894
Jurisdiction
DAVIDSON
Zoning & alternative use
6ZZ · Goodlettsville, TN
Zoning 6ZZ · permitted uses
6ZZ · Goodlettsville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Goodlettsville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$7.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.9M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
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
1970
Heating
NONE
Cooling
Yes
Stories
2
Buildings
4
Lot
4.96 ac
Current owner
From public records · entity-resolved
Sroa 719 Rivergate Tn LLC
Entity
Mailing address
2751 S DIXIE HWY #450, WEST PALM BEACH, FL 33405-1233
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2019
$6,635,000
Sroa 719 Rivergate Tn LLC
191 III Cube Goodlettsville II
Trustees Deed
$166,650,000 · Miscellaneous Ins Co
Jul 7, 2016
—
191 III Cube Goodlettsville II
191 III Cube Tn Sub LLC
Quit Claim Deed
—
Dec 9, 2015
$6,441,906
191 III Cube Tn Sub LLC
Storage Pros Rivergate LLC
Special Warranty Deed
—
May 9, 2013
$3,800,000
Storage Pros Rivergate LLC
Vsi III Rivergate LLC
Special Warranty Deed
$8,250,000 · Citigroup Global Markets Realty Cor
Feb 28, 2012
$2,357,578
Vsi III Rivergate LLC
Aaa Rivergate Self Storage LLC
Grant Deed
$1,595,000 · Vsi III Lndr LLC
Jun 4, 2007
$650,000
Aaa Rivergate Self Storage LLC
Owner Name Unavailable
Grant Deed
related
—
Oct 25, 2006
$650,000
Aaa Rivergate Self Storage LLC
Hary Management Co INC
Grant Deed
$17,430 · Bridge Funding
—
—
Aaa Rivergate Self Storage LLC
—
Deed Of Trust
related
$1,100,000 · Civic Bank & Trust
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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