121 Russell St Portland, TN 37148-1213
Property profile & analytics
121 Russell St, Portland, TN 37148-1213
- Warehouses
- 24,221 SF
- 2.52 lot acres
Property ID
US80-1885213
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Flexpac Inc / Big Box & Wholesale Store
Property Details for 121 Russell St
- Year built
- 1974
- Lot size
- 2.52 lot acres
- Property size
- 24,221 SF
- Property type
- Warehouses
- APN
- 083033A E 00800
- APU
- 083033AE00800
Description
This exceptional investment opportunity presents a 24,221-square-foot warehouse located at 121 N Russell Street in Portland, Tennessee. The property sits on a 2.52-acre lot and was constructed in 1974. Currently configured as a single-tenant facility, it operates under a triple-net (NNN) leaseback agreement with FlexPAC Inc., a manufacturer of packaging supply materials. This sale-leaseback transaction offers investors immediate cash flow from a fully stabilized tenant. The warehouse is strategically located in Sumner County, an area recognized for its robust economic growth and skilled workforce. Portland's convenient proximity to Downtown Nashville provides access to a large labor pool and numerous amenities. This prime location, coupled with the strong tenant and stable lease structure, makes this warehouse an attractive investment for both short-term returns and long-term asset appreciation. The property's industrial nature and substantial size make it suitable for various distribution and manufacturing needs. The sale-leaseback structure minimizes management responsibilities for the investor while providing a consistent income stream. This presents a compelling opportunity to acquire a high-quality, fully leased industrial asset in a thriving Tennessee market.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,700,000
- ML approach
- $1,700,000
-
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $1,980,000 Current use
- INDUSTRIAL (GENERAL)
- $1,895,000 Change: -4% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Sumner
- State
- Tennessee
- Longitude
- -86.5152
- Latitude
- 36.5834
- CBSA code
- 34980
- CBSA name
- NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,642
$37,880
$98,160
$136,040
-
$94,700
$245,400
$340,100
