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    936 Firestone Pkwy La Vergne, TN 37086-3503
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    Property profile & analytics

    936 Firestone Pkwy, La Vergne, TN 37086-3503

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    • Warehouses
    • 8,500 SF
    • 1.74 lot acres
    Off-Market
    Last Sale Aug 17, 2023
    $2,400,000
    Property ID
    US80-0946758
    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.
    Value Estimations
    $2,450,000
    Show details
    Cap Rate Potential
    3.1%
    Warehouses
    Location Intelligence

    Current Use by Public Records

    • Nashville Truck Wash / Car Wash
    • JarDen Express Blasting / Renovation Specialist / General Contractor
    • So Smooth Soul Food / Restaurant

    Property Details for 936 Firestone Pkwy

    Year built
    2005
    Lot size
    1.74 lot acres
    Zone code
    CL
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    183-00-0-133-00
    APU
    18300013300

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 17, 2023 $2,400,000 Ta Operating LLC Michael T Hayes Special Warranty Deed —
    Jan 14, 2009 — T Michael Hayes Dmh Hayes Ptshp Quit Claim Deed · related —
    Oct 19, 2005 — Dmh Hayes Ptshp — Trustees Deed · related $400k · Capital Bank & Trust Co
    Apr 19, 2005 — Dmh Hayes Ptshp Dmh Contractors INC Quit Claim Deed · related —
    Nov 29, 1988 $71,381 Dmh Contractors INC Unknown Grant Deed · related —
    Jul 7, 1983 — Owner Name Unavailable Owner Name Unavailable Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,745,000
      ML approach
      $2,775,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,923,000
      Market price range: $899k - $1.92M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $4,020,000
      RETAIL STORES
      $3,600,000
      MEDICAL BUILDING
      $2,400,000
      OFFICE BUILDING
      $2,340,000
      NEIGHBORHOOD: SHOPPING CENTER
      $2,165,000

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

    Location Insight

    • Map
    • Local Demand
    City
    La Vergne
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.6169
    Latitude
    36.0162
    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
    $16,615
    $121,280
    $389,320
    $510,600
    -
    $303,200
    $973,300
    $1,276,500

    Comparable in this City

    • Value Estimation
      $10,170,000
      102,912 SF

      1600 Corporate Pl

      MINI-WAREHOUSE, STORAGE
      1600 Corporate Pl, La Vergne, TN 37086-3501
      View Details
    • Value Estimation
      $9,835,000
      89,929 SF

      1435 Heil Quaker Blvd

      MINI-WAREHOUSE, STORAGE
      1435 Heil Quaker Blvd, La Vergne, TN 37086-3520
      View Details
    • Value Estimation
      $4,795,000
      63,077 SF

      5095 Murfreesboro Rd

      MINI-WAREHOUSE, STORAGE
      5095 Murfreesboro Rd, La Vergne, TN 37086-2706
      View Details
    • Value Estimation
      $620,000
      4,998 SF

      109-113 Cheerful Pl

      MINI-WAREHOUSE, STORAGE
      109-113 Cheerful Pl, La Vergne, TN 37086
      View Details
    • Value Estimation by Request
      21,600 SF

      1610 Corporate Pl

      MINI-WAREHOUSE, STORAGE
      1610 Corporate Pl, La Vergne, TN 37086-3501
      View Details
    • Value Estimation
      $1,370,000
      10,478 SF

      1400 Gould Blvd

      MINI-WAREHOUSE, STORAGE
      1400 Gould Blvd, La Vergne, TN 37086-3513
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      71,025 SF

      La Vergne Warehouse Space Available

      71,025 SF warehouse space for lease in La Vergne.
      131 Industrial Blvd, La Vergne, TN 37086
      View Details
    • Contact for pricing

      Commercial Land with Retail Access

      Commercial land with high traffic and retail development potential.
      101 Floyd Mayfield Dr, La Vergne, TN 37086
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    • Contact for pricing
      833 SF

      NNN Ground Lease Investment Opportunity

      NNN ground lease with corporate guarantee and zero landlord responsibilities.
      5062 Murfreesboro Rd, La Vergne, TN 37086
      View Details
    • Contact for pricing

      Commercial Land Near Supercenter

      Commercial land with highway frontage near retail and airport.
      108 Fergus Rd, La Vergne, TN 37086
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    • $2,000,000

      Commercial Land on Old Nashville

      Commercial land available on Old Nashville Highway.
      600 Old Nashville Hwy, La Vergne, TN 37086
      View Details
    • Contact for pricing
      4,549 SF

      NNN Leased Commercial Property

      Commercial property with a 19-year absolute NNN lease.
      5001 Murfreesboro Rd, La Vergne, TN 37086
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      59,000 SF

      La Vergne Warehouse with Mezzanine

      Industrial warehouse space with mezzanine and multiple loading docks.
      191 Charter Pl, La Vergne, TN 37086
      View Details
    • Contact for pricing
      48,029 SF

      La Vergne Warehouse Space Available

      48,029 SF warehouse space with dock doors for lease.
      270-282 Mason Rd, La Vergne, TN 37086
      View Details
    • $9 SF/Yr

      Industrial Space Near I-24

      Industrial property with convenient access to major transportation routes.
      1450 Gould Blvd, La Vergne, TN 37086
      View Details
    • Contact for pricing
      34,913 SF

      Modern Industrial Space Near I-24

      Class A industrial building built in 2021, near I-24.
      1001-1021 Centerpointe Dr, La Vergne, TN 37086
      View Details
    • Contact for pricing
      43,001 SF

      Industrial Space Available for Sublease

      43,001 SF industrial space with office in La Vergne.
      250-262 Mason Rd, La Vergne, TN 37086
      View Details
    • Contact for pricing
      37,500 SF

      Industrial Space with Excellent Access

      Rear-load facility with convenient access to I-24.
      315 Tech Park Dr, La Vergne, TN 37086
      View Details
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    La Vergne, TN 37086-3503
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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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