You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $3,515,000
Manufacturing properties

1609 Industrial Rd Greeneville, TN 37745-3505

53,840 SF 3.48 ac lot Built 1986
Individually Owned 3-yr Hold Free & Clear
Property ID
US80-0466203
Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1986
Construction FRAME
Total area 53,840 SF
Lot 3.48 ac (151,589 SF)
Zoning code M1
APN 030087 12401
UPID US80-0466203
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
  • Parkway Products, LLC Factory Production Facility
  • LMR Plastics Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$3.52M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.52M
Owner & transaction history
Robert K Leonard · 3 yrs held
Robert K Leonard
since 2023
Last sale
$3.5M
7 recorded transactions
2023
Price N/A
2022
$3.5M
2022
$28,000
2010
Price N/A
2004
$875,000
2004
Price N/A
1990
$675,000
Zoning & alternative use
M1 · Greeneville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

712. M-1 (Manufacturing Warehouse) Restricted Manufacturing and Warehouse. This industrial district is established to provide areas in which the principal use of land is for light manufacturing and warehousing. It is the intent that permitted uses are conducted so that any excessive noise, odor, dust and glare of an operation be completely confined within an…

Zone name Restricted Manufacturing Warehouse
General category INDUSTRIAL
Zone area 837.63 ac
Top alternative use upside
Restaurant $5.7M +389.6%
Medical building $5.0M +330.7%
Retail stores $4.4M +281.6%
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 1609 Industrial Rd?
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 →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message