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Property profile & analytics

121 Russell St Portland, TN 37148-1213

  • Warehouses
  • 24,221 SF
  • 2.52 lot acres
OFF-MARKET
Last Sale
Apr 09, 2024
$1,700,000
Value Estimations
$1,700,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US80-1885213
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

  • Flexpac Inc / Packaging Supply Store

Property Details for 121 Russell St

Year built
1974
Lot size
2.52 lot acres
Property size
24,221 SF
Property type
Warehouses
APN
083033A E 00800
APU
083033AE00800

Description

This exceptional investment opportunity presents a 24,221-square-foot warehouse located at 121 N Russell Street in Portland, Tennessee. The property sits on a 2.52-acre lot and was constructed in 1974. Currently configured as a single-tenant facility, it operates under a triple-net (NNN) leaseback agreement with FlexPAC Inc., a manufacturer of packaging supply materials. This sale-leaseback transaction offers investors immediate cash flow from a fully stabilized tenant. The warehouse is strategically located in Sumner County, an area recognized for its robust economic growth and skilled workforce. Portland's convenient proximity to Downtown Nashville provides access to a large labor pool and numerous amenities. This prime location, coupled with the strong tenant and stable lease structure, makes this warehouse an attractive investment for both short-term returns and long-term asset appreciation. The property's industrial nature and substantial size make it suitable for various distribution and manufacturing needs. The sale-leaseback structure minimizes management responsibilities for the investor while providing a consistent income stream. This presents a compelling opportunity to acquire a high-quality, fully leased industrial asset in a thriving Tennessee market.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $1,700,000
    ML approach
    $1,700,000

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


Location Insight

  • Map
  • Local Demand
City
Portland
County
Sumner
State
Tennessee
Longitude
-86.5152
Latitude
36.5834
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
$4,642
$37,880
$98,160
$136,040
-
$94,700
$245,400
$340,100
More about this property
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