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Property profile & analytics
OFF-MARKET
Retail space
121 Brown Ave Morristown, TN 37813-5273
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-1896865
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1960
Construction
WOOD
Total area
1,490 SF
Lot
0.17 ac (7,405 SF)
Zoning code
IB
APN
032042A J 02900
UPID
US80-1896865
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
-
U-Haul Neighborhood Dealer Car Rental Facility
-
Abee Distributors Home Appliance Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Magali Marilu Leon Moreno · 3 yrs held
Magali Marilu Leon Moreno
since 2023
Last sale
$149,900
3 recorded transactions
Zoning & alternative use
IB · Morristown, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is intended to provide for more intensive commercial activities within areas specifically designed to accommodate these activities
Zone name
Intermediate Business District
General category
COMMERCIAL
Zone area
2,359.10 ac
Source
Realmo
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 Morristown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morristown 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Property tax & assessments
Assessed value
$37,240
Assessed 2023
Previous assessed
$37,240
+0.0% YoY
Assessed land
$9,480
Assessed improvement
$27,760
Land market value
$23,700
Improvement market value
$69,400
Total market value
$93,100
Applied tax rate
32.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1960
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Rooms
1
Bathrooms
1
Total area
1,490 SF
Lot
0.17 ac (7,405 SF)
Zoning code
IB
APN
032042A J 02900
UPID
US80-1896865
Jurisdiction
HAMBLEN
Zoning & alternative use
IB · Morristown, TNZoning IB · permitted uses
IB · Morristown, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is intended to provide for more intensive commercial activities within areas specifically designed to accommodate these activities
Zone name
Intermediate Business District
General category
COMMERCIAL
Zone area
2,359.10 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1960
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
1
Bathrooms
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Magali Marilu Leon Moreno
Individual
Mailing address
302 MONTROSE AVE, MORRISTOWN, TN 37813-5261
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2023
$149,900
Magali Marilu Leon Moreno
William Earl Abee
Deed
$40,800 · Robert T Ballance Etal
Feb 28, 2006
—
William E Abee
Abee,barbara S
Quit Claim Deed
related
—
Nov 19, 1991
$32,500
William E Abee
Unknown
Grant 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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