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    15440 Highland Dr Mc Kenzie, TN 38201-2506

    • Warehouses
    • 6,284 SF
    • 29.83 lot acres
    OFF-MARKET
    Value Estimation
    $1,475,000
    Last Sale
    Mar 17, 2024
    $1,000,000
    Location Intelligence
    Property ID
    US80-1236726
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 15440 Highland Dr

    Year built
    1945
    Lot size
    29.83 lot acres
    Property size
    6,284 SF
    Property type
    Warehouses
    APN
    009016D C 00101
    APU
    009016DC00101

    Description

    This exceptional investment opportunity presents a fully occupied, 196,114-square-foot industrial flex/warehouse facility in McKenzie, Tennessee. Currently leased to GazMin Motors under a corporate-guaranteed, 10-year net lease (expiring July 22, 2034) with 2% annual rent increases and two 5-year renewal options, this property boasts a strong 9.27% cap rate and a substantial net operating income (NOI) of $1,668,000. The asking price is $18,000,000, translating to a price per square foot of $91.78. GazMin Motors, a new tenant, utilizes the space for warehousing, assembly, and showroom operations, representing their first US location with expansion plans in other states. The property underwent extensive renovations in 2024, exceeding $3 million in improvements, including a new roof and interior upgrades. Situated on a 10-acre lot, this facility offers ample space and is strategically located on Highway 76, a main thoroughfare with rail access. The property's size, location, strong tenant, and lease terms make it an attractive investment prospect with significant long-term potential. The building was originally constructed in 1945.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,460,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,500,000
      6.5%
      $1,565,000
      7%
      $1,370,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,525,000
      Geo Method
      $1,695,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,395,000
      Retail
      $1,245,000
      Mixed-Use
      $1,540,000
      Hospitality
      $1,385,000
      Educational
      $1,585,000
      Residential Income
      $1,200,000
      Energy
      $1,485,000
      Income-Based Land
      $1,455,000
      Food Service
      $1,270,000

    Location Insight

    • Map
    • Local Demand
    City
    Mc Kenzie
    County
    Carroll
    State
    Tennessee
    Longitude
    -88.5124
    Latitude
    36.1237

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $248,680
    $232,040
    $480,720
    -
    $621,700
    $580,100
    $1,201,800

    Comparable in this City

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      Highland Dr

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      View Details
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      Broadway St

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      View Details
    • Value Estimation by Request
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      Cedar St

      WAREHOUSE, STORAGE • 3,860 SF
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      View Details

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    15440 Highland Dr
    Mc Kenzie, TN 38201-2506
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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