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Property profile & analytics
OFF-MARKET
Estimated value
$3,730,000
Warehouses
1027 Chestnut St Monterey, TN 38574-1062
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-1258695
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1974
Construction
FRAME
Total area
40,000 SF
Lot
14.25 ac (620,730 SF)
Zoning code
IND
APN
071048L A 03000
UPID
US80-1258695
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
-
Cumberland Container Corporation Industrial Manufacturer Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.91M
Comparable Approach
Comparable
$3.64M
Blend (final)
Blend
$3.73M
Owner & transaction history
Hua Yuan Yan · 2 yrs held
Hua Yuan Yan
since 2024
7 recorded transactions
Zoning & alternative use
IND · Monterey, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.9M
+109.0%
Retail stores
$4.6M
+95.9%
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 Monterey submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monterey 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%
$5,315,000
6.5%
$4,905,000
7%
$4,555,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,345,000
Current use
COMMERCIAL (GENERAL)
$4,900,000
Change: +109% · Conversion: Difficult
RETAIL STORES
$4,590,000
Change: +96% · Conversion: Moderate
Blend value · Realmo final
$3.73M
Range $3.36M – $4.10M · ±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
$93 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$84,974
Tax year 2022
Assessed value
$2,217,480
Assessed 2023
Previous assessed
$2,217,480
+0.0% YoY
Effective rate
3.83%
On assessed value
Assessed land
$34,200
Assessed improvement
$2,183,280
Land market value
$85,500
Improvement market value
$5,458,200
Total market value
$5,543,700
Applied tax rate
71.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1974
Construction
FRAME
Heating
NONE
Cooling
NONE
Buildings
5
Stories
1
Units
1
Bathrooms
8
Total area
40,000 SF
Lot
14.25 ac (620,730 SF)
Zoning code
IND
APN
071048L A 03000
UPID
US80-1258695
Jurisdiction
PUTNAM
Zoning & alternative use
IND · Monterey, TN
Zoning IND · permitted uses
IND · Monterey, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Monterey. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$4.9M
RETAIL STORES
Est. value
$4.6M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
1974
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
5
Units
1
Bathrooms
8
Lot
14.25 ac
Current owner
From public records · entity-resolved
Hua Yuan Yan
Individual
Mailing address
706 N BARON BLF RD, SMITHVILLE, TN 37166-7454
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2024
—
Hua Yuan Yan
—
Deed
related
$1,000,000 · Southeast Community Capital Corporation
May 24, 2024
—
Hua Yuan Yan
Mark Jared
Deed
related
—
Jan 13, 2022
—
Mark Jared
Amy Jared
Intrafamily Transfer
related
—
Mar 20, 2014
—
Mark Jared
Cookeville Container LLC
Quit Claim Deed
related
—
Oct 14, 2010
—
Cookeville Containers Co LLC
—
Grant Deed
related
$2,000,000 · First Volunteer Bank Tennessee
—
—
Cookeville Container Co LLC
—
Deed Of Trust
related
$3,511,264 · First Volunteer Bank Tennessee
—
—
Cookeville Container Co LLC
—
Deed Of Trust
related
$800,000 · First Volunteer Bank Tennessee
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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