New search
Property profile & analytics
OFF-MARKET
Estimated value
$3,415,000
Manufacturing properties
154 Commerce Way Gallatin, TN 37066-4647
Entity Owned
2-yr Hold
Free & Clear
Property ID
US80-3409087
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
31,708 SF
Lot
9.94 ac (432,986 SF)
Zoning code
IR
APN
083112 11200
UPID
US80-3409087
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
-
MMC Contractors General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.67M
CAP Approach
CAP
$3.23M
Comparable Approach
Comparable
$2.58M
Blend (final)
Blend
$3.42M
Owner & transaction history
Mmc Contractors National INC · 2 yrs held
Mmc Contractors National INC
since 2023
Last sale
$3.3M
4 recorded transactions
Zoning & alternative use
IR · Gallatin, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.8M
+93.7%
Warehouse, storage
$4.1M
+64.9%
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 Gallatin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gallatin 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
$4,665,000
CAP Approach
CAP Return
Estimation
6%
$3,495,000
6.5%
$3,225,000
7%
$2,995,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,480,000
Current use
RETAIL STORES
$4,810,000
Change: +94% · Conversion: Moderate
WAREHOUSE, STORAGE
$4,090,000
Change: +65% · Conversion: Easy
Blend value · Realmo final
$3.42M
Range $3.07M – $3.76M · ±10% · vs last sale $3.30M (Jul 11 2023)
Last sale anchor
$3.30M
Jul 11 2023
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
$108 / 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
Tax billed
$17,342
Tax year 2023
Assessed value
$568,200
Assessed 2023
Previous assessed
$568,200
+0.0% YoY
Effective rate
3.05%
On assessed value
Assessed land
$155,480
Assessed improvement
$412,720
Land market value
$388,700
Improvement market value
$1,031,800
Total market value
$1,420,500
Applied tax rate
83.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Buildings
3
Stories
1
Bathrooms
3
Total area
31,708 SF
Lot
9.94 ac (432,986 SF)
Zoning code
IR
APN
083112 11200
UPID
US80-3409087
Jurisdiction
SUMNER
Zoning & alternative use
IR · Gallatin, TN
Zoning IR · permitted uses
IR · Gallatin, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gallatin. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.5M
RETAIL STORES
Est. value
$4.8M
WAREHOUSE, STORAGE
Est. value
$4.1M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
WAREHOUSE, STORAGE
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
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Stories
1
Buildings
3
Bathrooms
3
Lot
9.94 ac
Current owner
From public records · entity-resolved
Mmc Contractors National INC
Entity
Free & Clear · 2 yrs held
Mailing address
PO BOX 1479, HENDERSONVILLE, TN 37077-1479
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2023
—
Mmc Contractors National INC
Barbara Lynne Holder
Correction Deed
related
—
Jul 11, 2023
$2,892,800
Mmc Contractors National INC
Barbara Lynne Holder
Special Warranty Deed
—
Jun 9, 2017
—
Holder Family Trust
Holder,james D & Barbara L
Quit Claim Deed
related
—
Oct 3, 2008
$162,630
James D Holder
City Of Gallatin Tennessee
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 154 Commerce Way?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
