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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Warehouses
1251 Main St Mt Pleasant, TN 38474-1072
Entity Owned
11-yr Hold
Free & Clear
Property ID
US80-2728625
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2012
Construction
FRAME
Total area
6,028 SF
Lot
15.48 ac (674,309 SF)
APN
060127 01415
UPID
US80-2728625
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
-
Ergon Asphalt & Emulsions General Contractor Construction Company
-
Terry Asphalt Materials, Inc. General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$315k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$560k
Blend (final)
Blend
$515k
Owner & transaction history
Ergon Asphalt & Emulsions INC · 11 yrs held
Ergon Asphalt & Emulsions INC
since 2015
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$705,000
+153.2%
Commercial (general)
$640,000
+129.4%
Auto repair, garage
$605,000
+118.3%
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 Mt Pleasant submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mt Pleasant 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
by Request
ML approach
$315,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$705,000
Change: +153% · Conversion: Moderate
COMMERCIAL (GENERAL)
$640,000
Change: +129% · Conversion: Difficult
AUTO REPAIR, GARAGE
$605,000
Change: +118% · Conversion: Easy
Blend value · Realmo final
$515k
Range $464k – $567k · ±10%
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
$85 / 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
$10,312
Tax year 2023
Assessed value
$286,440
Assessed 2023
Previous assessed
$286,440
+0.0% YoY
Effective rate
3.60%
On assessed value
Assessed land
$148,600
Assessed improvement
$137,840
Land market value
$371,500
Improvement market value
$344,600
Total market value
$716,100
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
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
2012
Construction
FRAME
Heating
NONE
Stories
1
Total area
6,028 SF
Lot
15.48 ac (674,309 SF)
APN
060127 01415
UPID
US80-2728625
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
RETAIL STORES
Est. value
$705,000
COMMERCIAL (GENERAL)
Est. value
$640,000
AUTO REPAIR, GARAGE
Est. value
$605,000
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2012
Construction
FRAME
Heating
NONE
Stories
1
Lot
15.48 ac
Current owner
From public records · entity-resolved
Ergon Asphalt & Emulsions INC
Entity
Free & Clear · 11 yrs held
Mailing address
2829 LAKELAND DR, JACKSON, MS 39232-9798
Ownership since
2015
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
May 5, 2015
$566,154
Ergon Asphalt & Emulsions INC
Strawser Construction INC
Warranty Deed
—
Jan 30, 2012
$307,600
Strawser Construction INC
Wade,wilma B
Warranty Deed
—
Nov 18, 1994
$17,500
Shippers Paper Products Co
Wade,wilma B
Grant Deed
—
Jun 2, 1993
$180,000
Wilma B Wade
Unknown
Grant Deed
—
Jun 1, 1993
$107,000
H A Bam Webster
Unknown,
Grant Deed
—
Feb 14, 1990
$107,000
Rbm Company
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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