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Property profile & analytics
OFF-MARKET
Estimated value
$5,540,000
Manufacturing properties
111 Charles Tisher Ln Columbia, TN 38401
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US80-2016818
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2021
Construction
FRAME
Total area
60,000 SF
Lot
6.74 ac (293,594 SF)
APN
060126 04168
UPID
US80-2016818
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
$5.16M
CAP Approach
CAP
$5.99M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.54M
Owner & transaction history
Fr3 LLC · 3 yrs held
Fr3 LLC
since 2022
Last sale
$5.5M
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.9M
+172.7%
Medical building
$6.6M
+161.8%
Retail stores
$5.2M
+104.2%
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 Columbia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Columbia 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
$5,505,000
ML approach
$5,160,000
CAP Approach
CAP Return
Estimation
6%
$6,490,000
6.5%
$5,990,000
7%
$5,565,000
Alternative Use
Use
Estimation
RESTAURANT
$6,880,000
Change: +173% · Conversion: Difficult
MEDICAL BUILDING
$6,605,000
Change: +162% · Conversion: Difficult
RETAIL STORES
$5,150,000
Change: +104% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,935,000
Change: +96% · Conversion: Easy
COMMERCIAL (GENERAL)
$4,695,000
Change: +86% · Conversion: Difficult
Blend value · Realmo final
$5.54M
Range $4.99M – $6.09M · ±10% · vs last sale $5.52M (Jun 2 2025)
Last sale anchor
$5.52M
Jun 2 2025
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
$92 / 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
$30,268
Tax year 2023
Assessed value
$840,760
Assessed 2023
Previous assessed
$840,760
+0.0% YoY
Effective rate
3.60%
On assessed value
Assessed land
$77,640
Assessed improvement
$763,120
Land market value
$194,100
Improvement market value
$1,907,800
Total market value
$2,101,900
Applied tax rate
60.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2021
Construction
FRAME
Stories
1
Total area
60,000 SF
Lot
6.74 ac (293,594 SF)
APN
060126 04168
UPID
US80-2016818
Jurisdiction
MAURY
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
RESTAURANT
Est. value
$6.9M
MEDICAL BUILDING
Est. value
$6.6M
RETAIL STORES
Est. value
$5.2M
AUTO REPAIR, GARAGE
Est. value
$4.9M
COMMERCIAL (GENERAL)
Est. value
$4.7M
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (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
2021
Construction
FRAME
Stories
1
Lot
6.74 ac
Current owner
From public records · entity-resolved
Fr3 LLC
Entity
Free & Clear · 3 yrs held
Mailing address
5333 HICKORY HOLW PKWY, ANTIOCH, TN 37013-3109
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2022
$4,058,379
Fr3 LLC
Mitchell Jellison Of Tennessee LLC
Special Warranty Deed
—
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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