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Property profile & analytics
OFF-MARKET
Estimated value
$4,510,000
Manufacturing properties
187 Spicer Dr Gordonsville, TN 38563-2143
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US80-1332540
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1983
Construction
FRAME
Total area
74,000 SF
Lot
20.3 ac (884,268 SF)
Zoning code
I-1
APN
080070 03908
UPID
US80-1332540
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
-
Dana Incorporated Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.51M
Owner & transaction history
Hollingsworth Cap Partners-mid · 18 yrs held
Hollingsworth Cap Partners-mid
since 2008
4 recorded transactions
Zoning & alternative use
I-1 · Gordonsville, 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 Gordonsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gordonsville 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,115,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$5,375,000
Change: 0% · Conversion: Moderate
WAREHOUSE, STORAGE
$4,350,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$4.51M
Range $4.06M – $4.96M · ±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
$61 / 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
$1,347,680
Assessed 2023
Previous assessed
$1,347,680
+0.0% YoY
Assessed land
$81,200
Assessed improvement
$1,266,480
Land market value
$203,000
Improvement market value
$3,166,200
Total market value
$3,369,200
Applied tax rate
80.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1983
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
1
Rooms
2
Bathrooms
8
Total area
74,000 SF
Lot
20.3 ac (884,268 SF)
Zoning code
I-1
APN
080070 03908
UPID
US80-1332540
Jurisdiction
SMITH
Zoning & alternative use
I-1 · Gordonsville, TN
Zoning I-1 · permitted uses
I-1 · Gordonsville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gordonsville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$7.1M
RETAIL STORES
Est. value
$5.4M
WAREHOUSE, STORAGE
Est. value
$4.4M
COMMERCIAL (GENERAL)
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
1983
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Rooms
2
Bathrooms
8
Lot
20.3 ac
Current owner
From public records · entity-resolved
Hollingsworth Cap Partners-mid
Entity
Mailing address
27870 CABOT DR, NOVI, MI 48377-2920
Ownership since
2008
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
Nov 19, 2018
—
Hollingsworth Cap Partners-mid
—
Grant Deed
related
$50,000,000 · Suntrust Bk
Jan 11, 2008
$3,109,840
Hollingsworth Cap Partners-mid
Lexington Tennessee Holdings L
Grant Deed
$2,500,000 · Regions Bank
Sep 15, 1992
$3,100,000
Corporate Realty Income
Unknown,
Grant Deed
—
—
—
Hollingsworth Cap Partners-mid
—
Deed Of Trust
related
—
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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