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Property profile & analytics
OFF-MARKET
Estimated value
$15,895,000
Warehouses
104 Challenger Dr Portland, TN 37148-1724
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US80-3504746
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1996
Construction
FRAME
Total area
310,400 SF
Lot
15.69 ac (683,456 SF)
APN
083019 03103
UPID
US80-3504746
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
-
Advanced Imaging Group Production Facility
-
AIG Production Facility
-
Delk ind wearhouse Warehouse & Storage
-
Axiom Impressions Marketing & Advertising Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.31M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.11M
Blend (final)
Blend
$15.90M
Owner & transaction history
Se Tennesse Property Owner LLC · 5 yrs held
Se Tennesse Property Owner LLC
since 2021
Last sale
$19.0M
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 Portland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Portland 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
$11,305,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$25,395,000
Current use
INDUSTRIAL (GENERAL)
$24,300,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$15.90M
Range $14.31M – $17.48M · ±10% · vs last sale $18.96M (Apr 12 2021)
Last sale anchor
$18.96M
Apr 12 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
$51 / 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
$80,559
Tax year 2023
Assessed value
$2,361,040
Assessed 2023
Previous assessed
$2,361,040
+0.0% YoY
Effective rate
3.41%
On assessed value
Assessed land
$227,520
Assessed improvement
$2,133,520
Land market value
$568,800
Improvement market value
$5,333,800
Total market value
$5,902,600
Applied tax rate
83.0000
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
1996
Construction
FRAME
Heating
YES
Stories
1
Units
1
Bathrooms
16
Total area
310,400 SF
Lot
15.69 ac (683,456 SF)
APN
083019 03103
UPID
US80-3504746
Jurisdiction
SUMNER
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$25.4M
INDUSTRIAL (GENERAL)
Est. value
$24.3M
WAREHOUSE, STORAGE Current
INDUSTRIAL (GENERAL)
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
1996
Construction
FRAME
Heating
YES
Stories
1
Units
1
Bathrooms
16
Lot
15.69 ac
Current owner
From public records · entity-resolved
Se Tennesse Property Owner LLC
Entity
Mailing address
PO BOX 20197, ATLANTA, GA 30325-0197
Ownership since
2021
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
Apr 12, 2021
$18,955,670
Se Tennesse Property Owner LLC
Monroe 104 Challenger Owner LLC
Special Warranty Deed
$60,420,602 · Goldman Sachs Bank USA
Aug 15, 2019
$8,000,000
Monroe 104 Challenger Owner Ll
Ipx Nashville 104 Challenger L
Trustees Deed
$39,703,000 · Bank Of America
Jan 3, 2018
$8,022,250
Ipx Nashville 104 Challenger LLC
Ktr Nashville LLC
Special Warranty Deed
—
Mar 11, 2009
—
Father Ryan High School
Stjohn James R JR
Quit Claim Deed
related
—
Aug 3, 2007
—
Ktr Nashville LLC
—
Deed Of Trust
related
$33,000,000 · Jackson National Life Ins Co
May 8, 2007
$9,015
Ktr Nashville LLC
L & W Properties Gp
Grant Deed
related
—
Jul 11, 1991
$500
Larry Collins
Unknown,
Grant Deed
related
—
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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