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Property profile & analytics
OFF-MARKET
Estimated value
$1,500,000
Warehouses
2101 Maden Dr Morristown, TN 37813-2970
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US80-0749988
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1966
Construction
FRAME
Total area
163,840 SF
Lot
10.69 ac (465,656 SF)
APN
032041G A 00300
UPID
US80-0749988
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
-
Oddello Industrial Manufacturer Production Facility
-
Progressive Industrial Solutions Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.68M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.50M
Owner & transaction history
Zarkoll LLC · 6 yrs held
Zarkoll LLC
since 2020
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
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 Morristown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morristown 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
$1,525,000
ML approach
$1,675,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.50M
Range $1.35M – $1.65M · ±10% · vs last sale $1.40M (Feb 18 2020)
Last sale anchor
$1.40M
Feb 18 2020
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
$9 / 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
$645,360
Assessed 2023
Previous assessed
$645,360
+0.0% YoY
Assessed land
$86,320
Assessed improvement
$559,040
Land market value
$215,800
Improvement market value
$1,397,600
Total market value
$1,613,400
Applied tax rate
32.0000
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
1966
Construction
FRAME
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Rooms
1
Bathrooms
3
Total area
163,840 SF
Lot
10.69 ac (465,656 SF)
APN
032041G A 00300
UPID
US80-0749988
Jurisdiction
HAMBLEN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1966
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Rooms
1
Bathrooms
3
Lot
10.69 ac
Current owner
From public records · entity-resolved
Zarkoll LLC
Entity
Mailing address
918 W MAIN ST, MORRISTOWN, TN 37814-4515
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2022
—
Zarkoll LLC
—
Deed
related
$2,900,000 · Bank Of Tennessee
Feb 18, 2020
$1,400,000
Zarkoll LLC
L & O Investment LLC
Trustees Deed
related
$1,400,000 · Civis Bank
Apr 12, 2006
—
L & O Investment LLC
Global Solution Dev LLC
Quit Claim Deed
related
—
Dec 6, 2004
$1,003,909
Global Solution Dev LLC
Pharmacy Solution INC
Quit Claim Deed
related
$1,627,805 · First Peoples Bank Tn
May 25, 2004
—
Pharmacy Solution INC
—
Trustees Deed
related
$1,000,000 · First Tennessee Bank National
Jun 27, 2003
$950,000
Pharmacy,solution
Bryant,joseph D
Trustees Deed
—
Jun 27, 2003
—
Pharmacy,solution
Bryant,joseph D
Trustees Deed
related
—
Dec 12, 2002
$17,750
Partners Etal Mcguffin
Bryant,joseph D
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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