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Property profile & analytics
OFF-MARKET
Warehouses
225 3rd W Ave, Carthage, TN 37030-1231
Individually Owned
5-yr Hold
Free & Clear
Property ID
US80-2000706
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1992
Total area
2,898 SF
Lot
0.53 ac (23,087 SF)
Zoning code
C-1
APN
080053E D 00200
UPID
US80-2000706
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Sam Gray · 5 yrs held
Sam Gray
since 2021
Last sale
$75,000
7 recorded transactions
Zoning & alternative use
C-1 · Carthage, 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 Carthage submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carthage 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$32,680
Assessed 2023
Previous assessed
$32,680
+0.0% YoY
Assessed land
$12,000
Assessed improvement
$20,680
Land market value
$30,000
Improvement market value
$51,700
Total market value
$81,700
Applied tax rate
80.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1992
Heating
YES
Cooling
YES
Stories
1
Units
1
Rooms
1
Bathrooms
1
Total area
2,898 SF
Lot
0.53 ac (23,087 SF)
Zoning code
C-1
APN
080053E D 00200
UPID
US80-2000706
Jurisdiction
SMITH
Zoning & alternative use
C-1 · Carthage, TN
Zoning C-1 · permitted uses
C-1 · Carthage, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Carthage. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1992
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
1
Bathrooms
1
Lot
0.53 ac
Current owner
From public records · entity-resolved
Sam Gray
Individual
Free & Clear · 5 yrs held
Mailing address
120 JEFFERSON AVE W, CARTHAGE, TN 37030-1074
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2021
—
Sam Gray
Sam Gray
Quit Claim Deed
related
—
Jun 26, 2018
—
Sam Gray
Gray,paul
Quit Claim Deed
related
—
Feb 15, 2013
—
Paul W Gray SR.
Gray,carrie S
Quit Claim Deed
related
—
Nov 21, 2012
$75,000
Sam Gray
Conner,jeff
Warranty Deed
$60,000 · Citizens Federal Bank Fsb
Nov 20, 2007
$200,000
Jeff Conner
Rodriguez,connie
Grant Deed
related
$129,973 · Community Bank Smith Cnty
Apr 30, 2001
$150,000
Patsy Winfree
Harris,marty
Grant Deed
—
Nov 13, 1992
$4,400
Marty D Harris
Unknown
Grant Deed
—
Feb 16, 1990
$20,000
Marty D Harris
Unknown,
Grant Deed
—
Dec 27, 1989
$9,400
Willie B Bane
Unknown,
Grant Deed
—
Mar 16, 1988
$10,000
C V Nannie
Unknown,
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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