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Property profile & analytics
OFF-MARKET
Estimated value
$2,900,000
Warehouses
1121 Gregory Dr Gallatin, TN 37066-4910
Entity Owned
4-yr Hold
Free & Clear
Property ID
US80-3561030
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2000
Construction
FRAME
Total area
16,760 SF
Lot
3.22 ac (140,263 SF)
Zoning code
IR
APN
083127 00608
UPID
US80-3561030
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
-
Tenvision LLC Big Box & Wholesale Store
-
Feed Sumner Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.08M
CAP Approach
CAP
$2.07M
Comparable Approach
Comparable
$1.82M
Blend (final)
Blend
$2.90M
Owner & transaction history
First Baptist Church Of Hendersonvi · 4 yrs held
First Baptist Church Of Hendersonvi
since 2022
Last sale
$2.8M
6 recorded transactions
Zoning & alternative use
IR · Gallatin, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.6M
+64.7%
Retail stores
$2.5M
+17.5%
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 Gallatin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gallatin 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
$2,920,000
ML approach
$3,080,000
CAP Approach
CAP Return
Estimation
6%
$2,245,000
6.5%
$2,070,000
7%
$1,925,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,165,000
Current use
COMMERCIAL (GENERAL)
$3,560,000
Change: +65% · Conversion: Difficult
RETAIL STORES
$2,540,000
Change: +18% · Conversion: Moderate
Blend value · Realmo final
$2.90M
Range $2.61M – $3.19M · ±10% · vs last sale $2.80M (Jun 6 2022)
Last sale anchor
$2.80M
Jun 6 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
$173 / 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
$6,504
Tax year 2023
Assessed value
$213,080
Assessed 2023
Previous assessed
$213,080
+0.0% YoY
Effective rate
3.05%
On assessed value
Assessed land
$58,920
Assessed improvement
$154,160
Land market value
$147,300
Improvement market value
$385,400
Total market value
$532,700
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
2000
Construction
FRAME
Heating
YES
Stories
1
Units
1
Bathrooms
1
Total area
16,760 SF
Lot
3.22 ac (140,263 SF)
Zoning code
IR
APN
083127 00608
UPID
US80-3561030
Jurisdiction
SUMNER
Zoning & alternative use
IR · Gallatin, TN
Zoning IR · permitted uses
IR · Gallatin, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gallatin. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$3.6M
RETAIL STORES
Est. value
$2.5M
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
2000
Construction
FRAME
Heating
YES
Stories
1
Units
1
Bathrooms
1
Lot
3.22 ac
Current owner
From public records · entity-resolved
First Baptist Church Of Hendersonvi
Entity
Free & Clear · 4 yrs held
Mailing address
106 BLUEGRASS CMNS BLVD, HENDERSONVILLE, TN 37075-2706
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2022
$2,800,000
First Baptist Church Of Hendersonvi
Gregco LLC
Warranty Deed
—
Jan 7, 2009
$846,000
Gregco LLC
Gregory Real Estate LLC
Warranty Deed
$761,400 · Sumner Bank & Trust
Sep 17, 2007
—
Kelly Philip Tr
Strong,leon & Betty
Warranty Deed
—
Jun 13, 2006
—
Charles Curtis
Gregory Real Estate LLC
Quit Claim Deed
related
—
Aug 7, 2003
—
Gregory Real Estate LLC
Gregory,odric W & Shelby
Quit Claim Deed
related
—
—
—
Gregco LLC
—
Deed Of Trust
related
$579,196 · Simmons Bk
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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