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Property profile & analytics
OFF-MARKET
Retail space
228 Warren St Madisonville, TN 37354-1050
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US80-1237342
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,575 SF
Lot
0.5 ac (21,780 SF)
Zoning code
M-1
APN
062067D A 01001
UPID
US80-1237342
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
-
Dream Cloud mural Artist
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
James M Edmonds JR · 1 yrs held
James M Edmonds JR
since 2024
Last sale
$120,000
4 recorded transactions
Zoning & alternative use
M-1 · Madisonville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
11-310. M-1, Industrial District. The purpose of the M-1, Industrial District, is to provide areas in which the principal use of land is for manufacturing, processing, assembling, fabrication of materials, and warehousing or storage. These land uses generally require good accessibility to major rail or highway transportation routes. Such activities may have…
Zone name
Industrial District
General category
INDUSTRIAL
Zone area
421.30 ac
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 Madisonville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Madisonville 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
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$619
Tax year 2022
Assessed value
$24,160
Assessed 2023
Previous assessed
$20,040
+20.6% YoY
Effective rate
2.56%
On assessed value
Assessed land
$13,680
Assessed improvement
$10,480
Land market value
$34,200
Improvement market value
$26,200
Total market value
$60,400
Applied tax rate
62.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Stories
1
Units
1
Bathrooms
0
Total area
1,575 SF
Lot
0.5 ac (21,780 SF)
Zoning code
M-1
APN
062067D A 01001
UPID
US80-1237342
Jurisdiction
MONROE
Zoning & alternative use
M-1 · Madisonville, TNZoning M-1 · permitted uses
M-1 · Madisonville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
11-310. M-1, Industrial District. The purpose of the M-1, Industrial District, is to provide areas in which the principal use of land is for manufacturing, processing, assembling, fabrication of materials, and warehousing or storage. These land uses generally require good accessibility to major rail or highway transportation routes. Such activities may have certain adverse effects upon surrounding properties and may, in some instances, not be compatible with various other zoning districts or other types of land use activities in the community. Within the
Zone name
Industrial District
General category
INDUSTRIAL
Zone area
421.30 ac
Building & site characteristics
From public records
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Stories
1
Units
1
Bathrooms
0
Lot
0.5 ac
Current owner
From public records · entity-resolved
James M Edmonds JR
Individual
Mailing address
693 DYER RD, MADISONVILLE, TN 37354-6075
Ownership since
2024
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
Aug 29, 2024
$120,000
James M Edmonds JR
Monroe County Homes LLC
Warranty Deed
$105,000 · William Howe Etal
Jan 29, 2021
$30,000
Monroe County Homes LLC
Church Loft
Warranty Deed
—
Aug 19, 2019
$35,000
Loft Church
Barefield,dc & Patricia
Warranty Deed
$24,000 · D C & Patricia Barefiled
Feb 3, 2011
—
Patricia Barefield
Barefield,d C
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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