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Property profile & analytics
OFF-MARKET
Warehouses
128 Wayman Rd Madisonville, TN 37354-6401
Individually Owned
Free & Clear
Property ID
US80-0453914
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2007
Total area
1,440 SF
Lot
2.01 ac (87,556 SF)
APN
062057 06801
UPID
US80-0453914
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
Kody Lee Millikan
Kody Lee Millikan
since 2025
Last sale
$275,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Madisonville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Madisonville 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
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$496
Tax year 2022
Assessed value
$30,375
Assessed 2023
Previous assessed
$22,125
+37.3% YoY
Effective rate
1.63%
On assessed value
Assessed land
$14,575
Assessed improvement
$15,800
Land market value
$58,300
Improvement market value
$63,200
Total market value
$121,500
Applied tax rate
62.0000
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
2007
Heating
RADIANT
Stories
1
Units
1
Bathrooms
1
Total area
1,440 SF
Lot
2.01 ac (87,556 SF)
APN
062057 06801
UPID
US80-0453914
Jurisdiction
MONROE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2007
Heating
RADIANT
Stories
1
Units
1
Bathrooms
1
Lot
2.01 ac
Current owner
From public records · entity-resolved
Kody Lee Millikan
Individual
Free & Clear · 0 yrs held
Mailing address
100 RARITY BAY PKWY, VONORE, TN 37885-2047
Ownership since
2025
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
Dec 30, 2025
—
Kody Lee Millikan
Tellico Construction PLLC
Quitclaim Deed
—
Mar 15, 2023
$275,000
Tellico Construction PLLC
David George Little
Warranty Deed
—
Nov 26, 2018
—
Little Living Trust
Little,david G & Wanda G M
Quit Claim Deed
related
—
Nov 13, 2018
—
David G Little
Little Living Trust
Quit Claim Deed
related
—
Dec 17, 2007
—
Little Living Trust
Little,david G & Wanda M
Quit Claim Deed
related
—
Jan 4, 2007
$90,000
David G Little
Nelson,richard & Gloria E
Warranty 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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