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Property profile & analytics
OFF-MARKET
Estimated value
$8,730,000
Manufacturing properties
1880 Hwy 116 Caryville, TN 37714-3509
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-1116404
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1971
Construction
FRAME
Total area
200,618 SF
Lot
13.3 ac (579,348 SF)
APN
135J A 03800
UPID
US80-1116404
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.73M
Owner & transaction history
Tennessee 1880 LLC · 3 yrs held
Tennessee 1880 LLC
since 2023
Last sale
$9.0M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$12.8M
+140.7%
Commercial (general)
$12.7M
+139.3%
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 Caryville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Caryville 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
$8,910,000
ML approach
$8,015,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,310,000
Current use
RESTAURANT
$12,785,000
Change: +141% · Conversion: Difficult
COMMERCIAL (GENERAL)
$12,715,000
Change: +139% · Conversion: Difficult
Blend value · Realmo final
$8.73M
Range $7.86M – $9.60M · ±10% · vs last sale $9.00M (Jun 5 2023)
Last sale anchor
$9.00M
Jun 5 2023
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
$44 / 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
$1,289,680
Assessed 2023
Previous assessed
$1,289,680
+0.0% YoY
Assessed land
$44,920
Assessed improvement
$1,244,760
Land market value
$112,300
Improvement market value
$3,111,900
Total market value
$3,224,200
Applied tax rate
7.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1971
Construction
FRAME
Heating
YES
Buildings
4
Stories
1
Units
1
Rooms
5
Bathrooms
12
Total area
200,618 SF
Lot
13.3 ac (579,348 SF)
APN
135J A 03800
UPID
US80-1116404
Jurisdiction
CAMPBELL
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$5.3M
RESTAURANT
Est. value
$12.8M
COMMERCIAL (GENERAL)
Est. value
$12.7M
INDUSTRIAL (GENERAL) Current
RESTAURANT
COMMERCIAL (GENERAL)
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
1971
Construction
FRAME
Heating
YES
Stories
1
Buildings
4
Units
1
Rooms
5
Bathrooms
12
Lot
13.3 ac
Current owner
From public records · entity-resolved
Tennessee 1880 LLC
Entity
Mailing address
146 MONROE CTR ST NW STE #1125, GRAND RAPIDS, MI 49503-2820
Ownership since
2023
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 1, 2025
—
Tennessee 1880 LLC
—
Deed
related
$2,000,000 · Mercantile Bank
Jun 5, 2023
$9,000,000
Tennessee 1880 LLC
Telos Global II LLC
Warranty Deed
$7,500,000 · Mercantile Bank
May 3, 2021
$3,019,143
Telos Global II LLC
Teague Property LLC
Special Warranty Deed
$7,500,000 · Mercantile Bank Of Michigan
Apr 24, 2020
—
Eisenmann Property LLC
—
Deed
related
$3,350,000 · Landesbank Baden Wurttemberg
Mar 21, 2017
$3,134,683
Eisenmann Property LLC
Telos Global LLC
Grant Deed
—
Mar 11, 2016
$1,700,000
Telos Global LLC
A & S Building Systems
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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