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Property profile & analytics
OFF-MARKET
Estimated value
$7,100,000
Manufacturing properties
1550 Airport Rd Gallatin, TN 37066-3792
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-1085089
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
83,730 SF
Lot
13.75 ac (598,950 SF)
Zoning code
IR
APN
083126 00702
UPID
US80-1085089
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
-
Allegiant Manufacturing Industrial Manufacturer Production Facility
-
Clarisa work place Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.36M
CAP Approach
CAP
$8.52M
Comparable Approach
Comparable
$5.50M
Blend (final)
Blend
$7.10M
Owner & transaction history
1550 Airport Rd Owner LLC · 4 yrs held
1550 Airport Rd Owner LLC
since 2022
Last sale
$6.9M
6 recorded transactions
Zoning & alternative use
IR · Gallatin, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$10.8M
+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
$7,210,000
ML approach
$7,360,000
CAP Approach
CAP Return
Estimation
6%
$9,230,000
6.5%
$8,520,000
7%
$7,910,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,555,000
Current use
WAREHOUSE, STORAGE
$10,805,000
Change: +65% · Conversion: Easy
Blend value · Realmo final
$7.10M
Range $6.39M – $7.81M · ±10% · vs last sale $6.92M (Mar 8 2022)
Last sale anchor
$6.92M
Mar 8 2022
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
$85 / 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
$36,896
Tax year 2023
Assessed value
$1,208,880
Assessed 2023
Previous assessed
$1,208,880
+0.0% YoY
Effective rate
3.05%
On assessed value
Assessed land
$210,200
Assessed improvement
$998,680
Land market value
$525,500
Improvement market value
$2,496,700
Total market value
$3,022,200
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
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Buildings
2
Stories
1
Bathrooms
10
Total area
83,730 SF
Lot
13.75 ac (598,950 SF)
Zoning code
IR
APN
083126 00702
UPID
US80-1085089
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
$6.6M
WAREHOUSE, STORAGE
Est. value
$10.8M
INDUSTRIAL (GENERAL) Current
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
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Stories
1
Buildings
2
Bathrooms
10
Lot
13.75 ac
Current owner
From public records · entity-resolved
1550 Airport Rd Owner LLC
Entity
Mailing address
1 MARITIME PLZ STE #2100, SAN FRANCISCO, CA 94111-3511
Ownership since
2022
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
Mar 8, 2022
$6,915,512
1550 Airport Rd Owner LLC
1550 Airport LLC
Special Warranty Deed
$11,653,840 · Barclays Capital Real Estate INC
May 13, 2020
$5,100,000
1550 Airport LLC
Bennett Tool & Die LLC
Special Warranty Deed
$500,000 · Cibc Bank USA
Feb 2, 2018
—
Bennett Tool & Die LLC
—
Deed
related
$3,750,000 · Academy Bk
Oct 18, 2016
$3,100,000
Bennett Tool & Die LLC
Weir Slurry Group INC
Special Warranty Deed
$9,925,714 · Kansas Venture Capital INC
Mar 10, 1992
$171,837
Linatex Corp Of America
Unknown
Grant Deed
—
—
—
Bennett Tool & Die LLC
—
Loan Modification
related
$3,750,000 · Academy 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.
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