Technical
Financial
Distress signals
Property profile

1477 Progress Pkwy Morristown, TN 37813

OFF-MARKET
Manufacturing properties
Property ID
US80-1575725
44,463 SF 12.8 ac lot Built 2018
Entity Owned 3-yr Hold Free & Clear
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Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 2018
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 44,463 SF
Lot 12.8 ac (557,568 SF)
APN 032062 00800
UPID US80-1575725

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Storage Facility Distribution Center

Location

1477 Progress Pkwy Morristown, TN 37813-4527
Morristown metro Census 100800 MORRISTOWN, TN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$8.59M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$12.59M

Owner & transaction history

since 2023
Last sale
$12.7M
4 recorded transactions
2023
Price N/A
2020
$12.7M
2017
$128,000
1990
$40,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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