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Property profile & analytics
OFF-MARKET
Estimated value
$1,185,000
Warehouses
107 Flex Ave Portland, TN 37148-1503
Entity Owned
3-yr Hold
Free & Clear
Property ID
US80-1049615
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1987
Construction
FRAME
Total area
11,284 SF
Lot
4.14 ac (180,338 SF)
APN
083039 01411
UPID
US80-1049615
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
$1.31M
CAP Approach
CAP
$1.40M
Comparable Approach
Comparable
$1.58M
Blend (final)
Blend
$1.19M
Owner & transaction history
5d Land Development LLC · 3 yrs held
5d Land Development LLC
since 2022
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.7M
+88.5%
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
$1,160,000
ML approach
$1,305,000
CAP Approach
CAP Return
Estimation
6%
$1,510,000
6.5%
$1,395,000
7%
$1,295,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$925,000
Current use
RETAIL STORES
$1,740,000
Change: +89% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$885,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$1.19M
Range $1.07M – $1.30M · ±10% · vs last sale $1.11M (Sep 8 2022)
Last sale anchor
$1.11M
Sep 8 2022
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
$105 / 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
$10,830
Tax year 2023
Assessed value
$317,400
Assessed 2023
Previous assessed
$317,400
+0.0% YoY
Effective rate
3.41%
On assessed value
Assessed land
$61,200
Assessed improvement
$256,200
Land market value
$153,000
Improvement market value
$640,500
Total market value
$793,500
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
1987
Construction
FRAME
Heating
YES
Buildings
3
Stories
1
Bathrooms
2
Total area
11,284 SF
Lot
4.14 ac (180,338 SF)
APN
083039 01411
UPID
US80-1049615
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
$925,000
RETAIL STORES
Est. value
$1.7M
INDUSTRIAL (GENERAL)
Est. value
$885,000
WAREHOUSE, STORAGE Current
RETAIL STORES
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
1987
Construction
FRAME
Heating
YES
Stories
1
Buildings
3
Bathrooms
2
Lot
4.14 ac
Current owner
From public records · entity-resolved
5d Land Development LLC
Entity
Free & Clear · 3 yrs held
Mailing address
880 GREENLEA BLVD108A, GALLATIN, TN 37066-3228
Ownership since
2022
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
Sep 8, 2022
—
5d Land Development LLC
J&j Real Estate LLC
Quit Claim Deed
related
—
Jun 21, 2021
$1,110,000
J & J Real Estate LLC
David W Graves
Warranty Deed
$935,000 · Citizens Bank
Sep 3, 2019
$846,000
David W Graves
Flex Drive Properties
Warranty Deed
$730,800 · Simmons Bank
Aug 22, 2019
—
Flex Drive Properties LLC
—
Trustees Deed
related
$55,000 · Franklin Bk
Oct 19, 2016
$71,500
Flex Drive Properties LLC
Jason Jennett
Warranty Deed
$204,000 · Franklin Bank & Trust Co
Mar 26, 2015
$75,000
Jason Jennett
Us Bk National Assn
Quit Claim Deed
related
—
Oct 11, 2012
$149,664
Us Bk National Assn
Teitenberg John F
Trustees Deed
related
—
Nov 14, 2007
$975,000
Earthforce Industries INC
Portland Pallet INC
Warranty Deed
$877,500 · Us Bank NA
Nov 7, 1994
$5,000
City Of Portland
Portland,pallet
Grant Deed
related
—
—
—
Charles S Fox
—
Deed Of Trust
related
$500,000 · Portland Pallet INC
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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