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Property profile & analytics
OFF-MARKET
Estimated value
$770,000
Warehouses
228 Cotton Ml Rd Fayetteville, TN 37334-7249
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US80-2845159
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1900
Total area
122,011 SF
Lot
11 ac (479,160 SF)
APN
068 03803
UPID
US80-2845159
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
$770k
Owner & transaction history
Erik Nikravan · 5 yrs held
Erik Nikravan
since 2020
Last sale
$750,000
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 Fayetteville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fayetteville 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
$815,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$770k
Range $693k – $847k · ±10% · vs last sale $750k (Nov 30 2020)
Last sale anchor
$750k
Nov 30 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
$6 / 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
$6,556
Tax year 2022
Assessed value
$182,000
Assessed 2023
Previous assessed
$182,000
+0.0% YoY
Effective rate
3.60%
On assessed value
Assessed land
$31,680
Assessed improvement
$150,320
Land market value
$79,200
Improvement market value
$375,800
Total market value
$455,000
Applied tax rate
52.0000
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
1900
Heating
NONE
Cooling
NONE
Buildings
6
Stories
1
Units
1
Bathrooms
7
Total area
122,011 SF
Lot
11 ac (479,160 SF)
APN
068 03803
UPID
US80-2845159
Jurisdiction
LINCOLN
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
1900
Heating
NONE
Cooling
Yes
Stories
1
Buildings
6
Units
1
Bathrooms
7
Lot
11 ac
Current owner
From public records · entity-resolved
Erik Nikravan
Individual
Mailing address
PO BOX 68552, NASHVILLE, TN 37206-8552
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2020
$750,000
Erik Nikravan
Cotton Mill LLC
Warranty Deed
$600,000 · Fourth Cap Bk
Nov 30, 2020
—
Cotton Mill LLC
Erik N Nikravan
Quit Claim Deed
related
—
Dec 3, 2018
$600,000
Cotton Mill LLC
Le Roy A Salido & Sali Trust
Grant Deed
—
Sep 28, 2009
—
Cotton Mill LLC
Sscd Holdings LLC
Quit Claim Deed
related
—
Sep 23, 2009
—
Sscd Holdings LLC
Asd INC
Quit Claim Deed
related
—
Apr 8, 2009
—
Asd INC
Barley Ents LLC
Quit Claim Deed
related
—
Aug 14, 2007
$315,000
Barley Enterprises LLC
Norris Properties LLC
Warranty Deed
$250,000 · Bank Of Lincoln Cnty
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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