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Property profile & analytics
OFF-MARKET
Estimated value
$3,275,000
Auto shops
1500 Lauderdale Memorial NW Hwy Charleston, TN 37310-6641
Entity Owned
6-yr Hold
Free & Clear
Property ID
US80-0683206
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1979
Construction
FRAME
Total area
28,104 SF
Lot
34.7 ac (1,511,532 SF)
Zoning code
C-2
APN
015 004.00 000
UPID
US80-0683206
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
-
Wright Brothers Contracting Construction Company
-
ats the bridge Bridge
-
Wright Brothers Construction Company, Inc. Construction Company General Contractor
-
Wright Brothers Construction Company General Contractor
-
Wright Industrial Group, LLC General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.04M
Blend (final)
Blend
$3.28M
Owner & transaction history
Wright Brothers Prop Mgmt LLC · 6 yrs held
Wright Brothers Prop Mgmt LLC
since 2019
6 recorded transactions
Zoning & alternative use
C-2 · Charleston, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.9M
+94.5%
Retail stores
$2.4M
+19.9%
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 Charleston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Charleston 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,000,000
Current use
COMMERCIAL (GENERAL)
$3,890,000
Change: +95% · Conversion: Moderate
RETAIL STORES
$2,395,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$3.28M
Range $2.95M – $3.60M · ±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
$117 / 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
Assessed value
$2,305,600
Assessed 2023
Previous assessed
$2,305,600
+0.0% YoY
Assessed land
$648,200
Assessed improvement
$1,657,400
Land market value
$1,620,500
Improvement market value
$4,143,500
Total market value
$5,764,000
Applied tax rate
6.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1979
Construction
FRAME
Heating
YES
Buildings
2
Stories
1
Rooms
1
Bathrooms
2
Total area
28,104 SF
Lot
34.7 ac (1,511,532 SF)
Zoning code
C-2
APN
015 004.00 000
UPID
US80-0683206
Jurisdiction
BRADLEY
Zoning & alternative use
C-2 · Charleston, TNZoning C-2 · permitted uses
C-2 · Charleston, TN
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
AUTO REPAIR, GARAGE Current
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$3.9M
RETAIL STORES
Est. value
$2.4M
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
1979
Construction
FRAME
Heating
YES
Stories
1
Buildings
2
Rooms
1
Bathrooms
2
Lot
34.7 ac
Current owner
From public records · entity-resolved
Wright Brothers Prop Mgmt LLC
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 437, CHARLESTON, TN 37310-0437
Ownership since
2019
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
Nov 6, 2020
—
Wright Brothers Const Co LLC
—
Deed
related
$8,395,000 · First Horizon Bk
Nov 7, 2019
—
Wright Brothers Prop Mgmt LLC
Wright Brothers Const Co LLC
Quit Claim Deed
related
—
Dec 23, 2016
—
Wright Brothers Construction C
Wright Brothers Construction
Quit Claim Deed
related
$3,800,000 · First Tennessee Bank NA
May 3, 2012
—
Bradley County Tennessee
Wright Brothers Const Co INC
Quit Claim Deed
related
—
May 3, 2012
$15,000
Wright Brothers Const Co LLC
Bradley County Tennessee
Quit Claim Deed
related
—
—
—
Wright Brothers Const Co LLC
—
Loan Modification
related
$8,395,000 · First Horizon 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.
Try Rey
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