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Property profile & analytics
OFF-MARKET
Warehouses
231 Western Ave Hartsville, TN 37074-1218
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US80-3074854
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
50,824 SF
Lot
5.48 ac (238,578 SF)
Zoning code
I-1
APN
085019N E 03000
UPID
US80-3074854
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
Jack Williard Carey JR · 2 yrs held
Jack Williard Carey JR
since 2024
Last sale
$160,000
7 recorded transactions
Zoning & alternative use
I-1 · Hartsville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is intended to provide space for the types of industrial activities which by reason of volume of raw materials or freight, scale of operation, type of structures required, or other similar characteristics, require location relatively well segregated from nonindustrial uses. New residential activities are excluded, and commercial establishments…
Zone name
General Industrial District
General category
INDUSTRIAL
Zone area
144.03 ac
Source
Realmo
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 Hartsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hartsville 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 2023Property tax & assessments
Tax year 2023
Tax billed
$2,164
Tax year 2023
Assessed value
$83,000
Assessed 2023
Previous assessed
$83,000
+0.0% YoY
Effective rate
2.61%
On assessed value
Assessed land
$31,960
Assessed improvement
$51,040
Land market value
$79,900
Improvement market value
$127,600
Total market value
$207,500
Applied tax rate
85.0000
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
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Bathrooms
5
Total area
50,824 SF
Lot
5.48 ac (238,578 SF)
Zoning code
I-1
APN
085019N E 03000
UPID
US80-3074854
Jurisdiction
TROUSDALE
Zoning & alternative use
I-1 · Hartsville, TNZoning I-1 · permitted uses
I-1 · Hartsville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is intended to provide space for the types of industrial activities which by reason of volume of raw materials or freight, scale of operation, type of structures required, or other similar characteristics, require location relatively well segregated from nonindustrial uses. New residential activities are excluded, and commercial establishments and community facilities which provide needed services for industry and are complimentary thereto are permitted.
Zone name
General Industrial District
General category
INDUSTRIAL
Zone area
144.03 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Bathrooms
5
Lot
5.48 ac
Current owner
From public records · entity-resolved
Jack Williard Carey JR
Individual
Free & Clear · 2 yrs held
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2024
—
Jack Williard Carey JR
Frances Carey
Affidavit Of Death Of Joint Tenant
related
—
Mar 15, 2019
$160,000
Three On The Tree LLC
Jones,charles R
Warranty Deed
—
May 2, 2018
$92,855
Charles R Jones
Clerk Of Trousdale County|beasley,e H
Trustees Deed
—
Oct 14, 2005
$150,000
231 Western Avenue LLC
Sanger,charles S
Trustees Deed
—
May 23, 1995
$400,000
Nine West Boot Corp
Nine,west Boot C
Grant Deed
related
—
May 22, 1995
$400,000
Nine West Boot Corp
Nine,west Boot C
Grant Deed
related
—
Sep 19, 1992
$250,000
United States Shoe Corp
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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