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Property profile & analytics
OFF-MARKET
Estimated value
$4,285,000
Manufacturing properties
2107 Frank Bird Blvd Rockford, TN 37853-3066
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-0747538
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
45,000 SF
Lot
4.68 ac (203,861 SF)
Zoning code
IND
APN
005009 02718
UPID
US80-0747538
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
-
Axis Fabrication & Machine Co Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.70M
CAP Approach
CAP
$2.98M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.29M
Owner & transaction history
Dietrich Development LLC · 3 yrs held
Dietrich Development LLC
since 2022
Last sale
$4.6M
4 recorded transactions
Zoning & alternative use
IND · Rockford, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.7M
+252.1%
Commercial (general)
$4.7M
+248.4%
Restaurant
$4.7M
+247.9%
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 Rockford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rockford 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
$5,695,000
CAP Approach
CAP Return
Estimation
6%
$3,230,000
6.5%
$2,980,000
7%
$2,765,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,715,000
Change: +252% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,665,000
Change: +248% · Conversion: Difficult
RESTAURANT
$4,660,000
Change: +248% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,665,000
Change: +174% · Conversion: Difficult
RETAIL STORES
$3,635,000
Change: +172% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,160,000
Change: +136% · Conversion: Easy
Blend value · Realmo final
$4.29M
Range $3.86M – $4.71M · ±10% · vs last sale $4.58M (Dec 1 2022)
Last sale anchor
$4.58M
Dec 1 2022
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
$95 / 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
$17,230
Tax year 2022
Assessed value
$1,042,760
Assessed 2023
Previous assessed
$697,560
+49.5% YoY
Effective rate
1.65%
On assessed value
Assessed land
$115,480
Assessed improvement
$927,280
Land market value
$288,700
Improvement market value
$2,318,200
Total market value
$2,606,900
Applied tax rate
5.0000
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
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
4
Total area
45,000 SF
Lot
4.68 ac (203,861 SF)
Zoning code
IND
APN
005009 02718
UPID
US80-0747538
Jurisdiction
BLOUNT
Zoning & alternative use
IND · Rockford, TN
Zoning IND · permitted uses
IND · Rockford, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rockford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$4.7M
COMMERCIAL (GENERAL)
Est. value
$4.7M
RESTAURANT
Est. value
$4.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.7M
RETAIL STORES
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$3.2M
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
AUTO REPAIR, GARAGE
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
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
4
Lot
4.68 ac
Current owner
From public records · entity-resolved
Dietrich Development LLC
Entity
Mailing address
100 NISUS DR, ROCKFORD, TN 37853-3069
Ownership since
2022
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
Jul 20, 2023
—
Axis Properties LLC
—
Deed
related
$11,000,000 · Home Federal Bank
Dec 1, 2022
$4,575,000
Dietrich Development LLC
Axis Fabrication & Machine Co LLC
Special Warranty Deed
$4,500,000 · Pinnacle Bank
Jan 6, 2016
$1,800,000
Axis Fabrications & Machine
Patrick L Hughes
Warranty Deed
$153,000,000 · Home Federal Bank
Aug 27, 2004
—
Hughes,patrick L
Hughes,patrick & Ginger
Quit Claim Deed
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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