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Property profile & analytics
OFF-MARKET
Commercial real estate
1315 Norris Xing Rd, Bells, TN 38006-9059
Individually Owned
6-yr Hold
Free & Clear
Property ID
US80-2024181
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1993
Construction
FRAME
Total area
4,800 SF
Lot
9.5 ac (413,820 SF)
Zoning code
FAR
APN
035 00901 001
UPID
US80-2024181
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
-
Piggyback MetalWorks LLC Production Facility
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
James D Cowan · 6 yrs held
James D Cowan
since 2020
Last sale
$275,000
7 recorded transactions
Zoning & alternative use
FAR · Bells, TN
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 Bells submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bells 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
$30,760
Assessed 2023
Previous assessed
$30,760
+0.0% YoY
Assessed land
$3,000
Assessed improvement
$27,760
Land market value
$7,500
Improvement market value
$69,400
Total market value
$76,900
Applied tax rate
38.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1993
Construction
FRAME
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Bathrooms
1
Total area
4,800 SF
Lot
9.5 ac (413,820 SF)
Zoning code
FAR
APN
035 00901 001
UPID
US80-2024181
Jurisdiction
HAYWOOD
Zoning & alternative use
FAR · Bells, TN
Zoning FAR · permitted uses
FAR · Bells, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bells. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1993
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
9.5 ac
Current owner
From public records · entity-resolved
James D Cowan
Individual
Free & Clear · 6 yrs held
Mailing address
1131 NORRIS XING RD, BELLS, TN 38006-9059
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2026
—
Cowan James
—
Deed
related
$450,000 · Bank Of Crockett
Mar 3, 2020
$275,000
James D Cowan
Paul A Norris
Warranty Deed
—
Jul 30, 2019
—
Paul A Norris
—
Deed
related
$428,936 · Insouth Bk
Feb 20, 2019
—
Paul A Norris
—
Deed
related
$430,001 · Insouth Bk
—
—
Paul A Norris
—
Loan Modification
related
$430,001 · Insouth Bk
—
—
Paul A Norris
—
Deed Of Trust
related
—
—
—
Paul A Norris
—
Loan Modification
related
$428,936 · Insouth Bk
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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