Property profile

23 Main St Springfield, TN 37172

OFF-MARKET
Manufacturing properties
Property ID
US80-0524741
20,551 SF 1.22 ac lot Built 1940
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1940
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 20,551 SF
Lot 1.22 ac (53,143 SF)
APN 074080B B 00101
UPID US80-0524741

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hardware & Home Improvement Home Decor Store

Location

23 Main St Springfield, TN 37172-2138
Springfield metro Census 80302 NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.41M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.42M

Owner & transaction history

since 2023
Last sale
$1.4M
5 recorded transactions
2023
$1.4M
2016
$165,000
2014
$189,985
2011
$131,681
2010
$130,000

Zoning & alternative use

Top alternative use upside
Commercial (general) $2.3M +533.3%
Retail stores $1.9M +406.2%
Auto repair, garage $1.4M +270.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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