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Property profile & analytics
OFF-MARKET
Estimated value
$870,000
Manufacturing properties
232 Industrial Park Rd, Sweetwater, TN 37874-3041
Entity Owned
1-yr Hold
Free & Clear
Property ID
US80-1148366
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1989
Construction
FRAME
Total area
30,000 SF
Lot
15 ac (653,400 SF)
Zoning code
M-2
APN
062023 06902
UPID
US80-1148366
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
-
Aeroflex USA Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$695k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.04M
Blend (final)
Blend
$870k
Owner & transaction history
Amlon Sweetwater LLC · 1 yrs held
Amlon Sweetwater LLC
since 2025
7 recorded transactions
Zoning & alternative use
M-2 · Sweetwater, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.4M
+59.7%
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 Sweetwater submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sweetwater 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
by Request
ML approach
$695,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$895,000
Current use
WAREHOUSE, STORAGE
$1,425,000
Change: +60% · Conversion: Easy
Blend value · Realmo final
$870k
Range $783k – $957k · ±10%
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
$29 / 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
$14,306
Tax year 2022
Assessed value
$401,400
Assessed 2023
Previous assessed
$395,240
+1.6% YoY
Effective rate
3.56%
On assessed value
Assessed land
$40,520
Assessed improvement
$360,880
Land market value
$101,300
Improvement market value
$902,200
Total market value
$1,003,500
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1989
Construction
FRAME
Heating
YES
Buildings
2
Stories
1
Units
1
Bathrooms
9
Total area
30,000 SF
Lot
15 ac (653,400 SF)
Zoning code
M-2
APN
062023 06902
UPID
US80-1148366
Jurisdiction
MONROE
Zoning & alternative use
M-2 · Sweetwater, TN
Zoning M-2 · permitted uses
M-2 · Sweetwater, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sweetwater. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$895,000
WAREHOUSE, STORAGE
Est. value
$1.4M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Construction
FRAME
Heating
YES
Stories
1
Buildings
2
Units
1
Bathrooms
9
Lot
15 ac
Current owner
From public records · entity-resolved
Amlon Sweetwater LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 597, SWEETWATER, TN 37874-0597
Ownership since
2025
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
Jun 5, 2025
$1,539,700
Amlon Sweetwater LLC
Mastermelt America LLC
Special Warranty Deed
—
Dec 4, 2020
—
Mastermelt America LLC
—
Deed
related
$1,000,000 · Firstbank
Jan 22, 2020
—
Aeroflex USA INC
—
Deed
related
$6,000,000 · Pinnacle Bk
Dec 10, 2018
—
Mastermelt America LLC
—
Deed
related
$2,000,000 · Atlantic Cap Bk
Apr 9, 2018
—
Mastermelt America LLC
—
Deed Of Trust
related
$2,000,000 · Atlantic Cap Bk
Apr 19, 2017
$5,000
Mastermelt America LLC
Pgmt Property Managers LLC
Warranty Deed
—
Sep 20, 2014
$799,000
Mastermelt America LLC
Keller,tillman J III
Warranty Deed
$639,200 · Fsg Bank
Mar 9, 1989
$60,000
Tillman J Keller III
Unknown
Grant Deed
—
—
—
Mastermelt America LLC
—
Loan Modification
related
$2,000,000 · Atlantic Cap Bk
—
—
Mastermelt America LLC
—
Loan Modification
related
$1,000,000 · Firstbank
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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