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Property profile & analytics
FOR LEASE
Warehouses
249 Neal Dr Blountville, TN 37617
Individually Owned
~
Est. High Equity
Property ID
US80-1225458
For Lease
1 / 35
$8 SF/Yr
249 Neal Dr, Blountville, TN 37617
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1981
Total area
6,822 SF
Lot
0.62 ac (27,007 SF)
Zoning code
A-1
APN
082050 03605
UPID
US80-1225458
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
-
Associated General Contractors Association / Organization Non-Profit Organization
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
Pippin Timothy
Pippin Timothy
since 2026
2 recorded transactions
Zoning & alternative use
A-1 · Blountville, TN
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 Blountville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Blountville 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
Property tax & assessments
Assessed value
$102,600
Assessed 2023
Previous assessed
$102,600
+0.0% YoY
Assessed land
$12,880
Assessed improvement
$89,720
Land market value
$32,200
Improvement market value
$224,300
Total market value
$256,500
Applied tax rate
82.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
For Lease
Year built
1981
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
3
Total area
6,822 SF
Lot
0.62 ac (27,007 SF)
Zoning code
A-1
APN
082050 03605
UPID
US80-1225458
Jurisdiction
SULLIVAN
Zoning & alternative use
A-1 · Blountville, TN
Zoning A-1 · permitted uses
A-1 · Blountville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Blountville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1981
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
3
Lot
0.62 ac
Current owner
From public records · entity-resolved
Pippin Timothy
Individual
Mailing address
249 NEAL DR, BLOUNTVILLE, TN 37617-4135
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2026
$500,000
Pippin Timothy
Tri Citites Cahpter Of Associates Genera
Warranty Deed
$736,000 · New Peoples Bank INC
Feb 15, 1977
—
Engineering Sales Corp
—
Grant 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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