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Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Warehouses
19690 Hwy 412th E, Lexington, TN 38351-8606
Entity Owned
5-yr Hold
Free & Clear
Property ID
US80-0431091
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2005
Total area
16,024 SF
Lot
5.18 ac (225,641 SF)
APN
039089 06002
UPID
US80-0431091
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
$780k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$710k
Owner & transaction history
Volunteer Meats LLC · 5 yrs held
Volunteer Meats LLC
since 2021
Last sale
$650,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.1M
+18.2%
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 Lexington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lexington 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
$755,000
ML approach
$780,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$890,000
Current use
RESTAURANT
$1,050,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$710k
Range $639k – $781k · ±10% · vs last sale $650k (May 21 2021)
Last sale anchor
$650k
May 21 2021
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
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$3,593
Tax year 2022
Assessed value
$202,920
Assessed 2023
Previous assessed
$151,560
+33.9% YoY
Effective rate
1.77%
On assessed value
Assessed land
$18,240
Assessed improvement
$184,680
Land market value
$45,600
Improvement market value
$461,700
Total market value
$507,300
Applied tax rate
39.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2005
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Bathrooms
0
Total area
16,024 SF
Lot
5.18 ac (225,641 SF)
APN
039089 06002
UPID
US80-0431091
Jurisdiction
HENDERSON
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
WAREHOUSE, STORAGE Current
Est. value
$890,000
RESTAURANT
Est. value
$1.1M
WAREHOUSE, STORAGE Current
RESTAURANT
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
2005
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Bathrooms
0
Lot
5.18 ac
Current owner
From public records · entity-resolved
Volunteer Meats LLC
Entity
Free & Clear · 5 yrs held
Mailing address
19690 HWY 412TH E, LEXINGTON, TN 38351-8606
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2021
$650,000
Volunteer Meats LLC
Southern Natural Foods LLC
Warranty Deed
—
Aug 9, 2012
$800,000
Southern Natural Foods LLC
412 Meat Processing INC
Warranty Deed
$500,000 · Capitalmark Bank & Trust
Aug 3, 2009
$150,000
412 Meat Processing INC
Sigler R Bradley
Trustees Deed
—
Aug 31, 2007
$650,000
Norwood,derek G & Crystal
Norwood,derek G & Crystal
Warranty Deed
related
$567,295 · Peoples Bk
Apr 8, 2003
$24,000
Dennis Hays
Maness,bonnie
Grant Deed
—
—
—
Southern Natural Foods LLC
—
Loan Modification
related
$400,000 · Capitalmark Bk&tr
—
—
Southern Natural Foods LLC
—
Loan Modification
related
$350,000 · Capitalmark Bk&tr
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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