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Property profile & analytics
OFF-MARKET
Warehouses
121 Mcmurray Rd Parsons, TN 38363-5024
Individually Owned
37-yr Hold
Absentee Owner
Free & Clear
Property ID
US80-1128136
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1989
Construction
FRAME
Total area
24,248 SF
Lot
6.16 ac (268,330 SF)
Zoning code
M1
APN
020043 00906
UPID
US80-1128136
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Johnny Monroe · 37 yrs held
Johnny Monroe
since 1989
2 recorded transactions
Zoning & alternative use
M1 · Parsons, TN
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 Parsons submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Parsons 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
$604,840
Assessed 2023
Previous assessed
$604,840
+0.0% YoY
Assessed land
$18,480
Assessed improvement
$586,360
Land market value
$46,200
Improvement market value
$1,465,900
Total market value
$1,512,100
Applied tax rate
20.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1989
Construction
FRAME
Heating
YES
Buildings
3
Stories
1
Units
1
Bathrooms
3
Total area
24,248 SF
Lot
6.16 ac (268,330 SF)
Zoning code
M1
APN
020043 00906
UPID
US80-1128136
Jurisdiction
DECATUR
Zoning & alternative use
M1 · Parsons, TNZoning M1 · permitted uses
M1 · Parsons, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
83 parsons, tn zo
Building & site characteristics
From public records
Year built
1989
Construction
FRAME
Heating
YES
Stories
1
Buildings
3
Units
1
Bathrooms
3
Lot
6.16 ac
Current owner
From public records · entity-resolved
Johnny Monroe
Individual
Free & Clear · 37 yrs held
Mailing address
1 TURKS HEAD PL STE #1300, PROVIDENCE, RI 02903-2214
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1989
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2023
—
Wmre Holding Company LLC
—
Deed
related
$3,000,000 · Johnny Monroe
Feb 10, 1989
$50,000
Johnny Monroe
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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