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Property profile & analytics
OFF-MARKET
Estimated value
$1,000,000
Warehouses
154 Main S St, Carthage, TN 37030-1960
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US80-1035792
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1945
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
50,880 SF
Lot
2.84 ac (123,710 SF)
Zoning code
C-2
APN
080053M C 02100
UPID
US80-1035792
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
-
Butler's Auction Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$680k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.32M
Blend (final)
Blend
$1.00M
Owner & transaction history
Ray Butler · 6 yrs held
Ray Butler
since 2019
6 recorded transactions
Zoning & alternative use
C-2 · Carthage, 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 Carthage submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carthage 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
$680,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±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
$20 / 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
Property tax & assessments
Assessed value
$113,520
Assessed 2023
Previous assessed
$113,520
+0.0% YoY
Assessed land
$17,040
Assessed improvement
$96,480
Land market value
$42,600
Improvement market value
$241,200
Total market value
$283,800
Applied tax rate
80.0000
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
1945
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Rooms
1
Bathrooms
0
Total area
50,880 SF
Lot
2.84 ac (123,710 SF)
Zoning code
C-2
APN
080053M C 02100
UPID
US80-1035792
Jurisdiction
SMITH
Zoning & alternative use
C-2 · Carthage, TN
Zoning C-2 · permitted uses
C-2 · Carthage, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Carthage. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1945
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Rooms
1
Bathrooms
0
Lot
2.84 ac
Current owner
From public records · entity-resolved
Ray Butler
Individual
Mailing address
PO BOX 469, CARTHAGE, TN 37030-0469
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
Oct 28, 2019
$252,500
Ray Butler
Technological Unvi F Tennessee
Warranty Deed
$252,500 · Banktennessee
May 25, 2018
$196,800
Tennessee Technological Unvi F
Eads,eleanor L
Warranty Deed
—
Sep 10, 2009
$32,000
Town Of South Carthage Tennessee
Eads Institute & Museum
Warranty Deed
—
Jun 14, 2002
$175,000
Ora W Eads JR.
Eller,mark & Laris
Grant Deed
—
Apr 19, 1991
$16,000
Tobacco Whse Carthage
Unknown
Grant Deed
—
Mar 20, 1989
$15,000
Tobacco Whse Carthage
Unknown,
Grant 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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