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Property profile & analytics
OFF-MARKET
Estimated value
$3,475,000
Warehouses
1273 Shady St Mountain City, TN 37683-2007
Entity Owned
11-yr Hold
Free & Clear
Property ID
US80-1127641
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1945
Construction
WOOD
Total area
191,880 SF
Lot
350 ac (15,246,000 SF)
Zoning code
M-1
APN
046048I A 03000
UPID
US80-1127641
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
-
Big John's Closeouts Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.48M
Owner & transaction history
201 LLC · 11 yrs held
201 LLC
since 2015
3 recorded transactions
Zoning & alternative use
M-1 · Mountain City, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This industrial district is established to provide areas in which the principal use of land is for light manufacturing and warehousing. It is the intent that permitted uses are conducted so that any excessive noise, odor, dust and glare of an operation be completely confined within an enclosed building.
Zone name
Restricted Manufacturing Warehouse District
General category
INDUSTRIAL
Zone area
99.72 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 Mountain City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mountain City 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
$18 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$7,824
Tax year 2022
Assessed value
$277,360
Assessed 2023
Previous assessed
$277,360
+0.0% YoY
Effective rate
2.82%
On assessed value
Assessed land
$79,800
Assessed improvement
$197,560
Land market value
$199,500
Improvement market value
$493,900
Total market value
$693,400
Applied tax rate
46.0000
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
1945
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Bathrooms
1
Total area
191,880 SF
Lot
350 ac (15,246,000 SF)
Zoning code
M-1
APN
046048I A 03000
UPID
US80-1127641
Jurisdiction
JOHNSON
Zoning & alternative use
M-1 · Mountain City, TNZoning M-1 · permitted uses
M-1 · Mountain City, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This industrial district is established to provide areas in which the principal use of land is for light manufacturing and warehousing. It is the intent that permitted uses are conducted so that any excessive noise, odor, dust and glare of an operation be completely confined within an enclosed building.
Zone name
Restricted Manufacturing Warehouse District
General category
INDUSTRIAL
Zone area
99.72 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1945
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
350 ac
Current owner
From public records · entity-resolved
201 LLC
Entity
Free & Clear · 11 yrs held
Mailing address
PO BOX 901, MOUNTAIN CITY, TN 37683-0901
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 19, 2015
$423,334
201 LLC
Jesse Ray Faulkner
Warranty Deed
—
—
—
Faulkner,jesse R II & Elizabeth S
—
Deed Of Trust
related
$200,000 · J L Davis
—
—
Faulkner,jesse R II & Elizabeth S
—
Deed Of Trust
related
$125,000 · Floyd A Evans
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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