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Property profile & analytics
OFF-MARKET
Estimated value
$3,830,000
Warehouses
Hixson Blvd Lebanon, TN 37090
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US80-2536920
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2022
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
294,604 SF
Lot
40.31 ac (1,755,904 SF)
APN
116 00900
UPID
US80-2536920
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
$4.12M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.83M
Owner & transaction history
Sl6 Tx Tn Industrial LP · 1 yrs held
Sl6 Tx Tn Industrial LP
since 2024
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Lebanon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lebanon 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
$4,115,000
ML approach
$4,115,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.83M
Range $3.45M – $4.21M · ±10% · vs last sale $3.55M (Sep 28 2021)
Last sale anchor
$3.55M
Sep 28 2021
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
$13 / 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
$222,346
Tax year 2023
Assessed value
$8,570,240
Assessed 2023
Previous assessed
$8,570,240
+0.0% YoY
Effective rate
2.59%
On assessed value
Assessed land
$70,720
Assessed improvement
$8,499,520
Land market value
$176,800
Improvement market value
$21,248,800
Total market value
$21,425,600
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2022
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Buildings
2
Stories
1
Total area
294,604 SF
Lot
40.31 ac (1,755,904 SF)
APN
116 00900
UPID
US80-2536920
Jurisdiction
WILSON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2022
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Buildings
2
Lot
40.31 ac
Current owner
From public records · entity-resolved
Sl6 Tx Tn Industrial LP
Entity
Mailing address
3200 GRACIE KILTZ LN STE #500, AUSTIN, TX 78758-3004
Ownership since
2024
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 5, 2024
—
Sl6 Tx Tn Industrial LP
Sl6 Central Pike East LP
Quit Claim Deed
related
$57,375,000 · Us Bank NA
Sep 28, 2021
$3,547,456
Sl6 Central Pike East LP
Steven E Gruver
Warranty Deed
—
Jun 5, 2018
—
Steven E Gruver
Tennessee Land Partners
Quit Claim Deed
related
$761,102 · Wilson Bk&tr
Mar 3, 2011
—
Land Sales Tennessee
—
Deed Of Trust
related
$6,000,000 · Tennessee Commerce Bank
May 18, 2010
—
Land Sales Tennessee
—
Deed Of Trust
related
$6,000,000 · Tennessee Commerce Bank
Oct 27, 2005
$1,200,000
Tennessee Land Partners
Roy Norman Ray Psp
Warranty Deed
$900,000 · Wilson Bank & Trust
Oct 21, 2005
$135,400
Joe A Lannom
Lannom,carrol
Grant Deed
related
—
Nov 9, 2001
$90,000
Norman R Ray
Vaughn,james M
Grant Deed
—
—
—
Land Sales Tennessee
—
Deed Of Trust
related
$3,000,000 · Southern Bank Of Tennessee
—
—
Lake Property Partners
—
Deed Of Trust
related
$588,193 · Brent Bibby
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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