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Property profile & analytics
OFF-MARKET
Warehouses
260 Fred Hl Rd Sparta, TN 38583
Individually Owned
19-yr Hold
Property ID
US80-0267531
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1962
Construction
FRAME
Total area
8,880 SF
Lot
1 ac (43,560 SF)
Zoning code
R-A
APN
093060 00801
UPID
US80-0267531
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
Sorrell,william C · 19 yrs held
Sorrell,william C
since 2006
7 recorded transactions
Zoning & alternative use
R-A · Sparta, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district is to provide single family detached dwellings, public elementary and high schools and private schools having courses of study approximately the same as public elementary and high schools, churches and other places of worship, including Sunday schools, parks, playgrounds and playfields
Zone name
Residential A Districts
General category
CIVIC_INSTITUTIONAL
Zone area
2,277.02 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 Sparta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sparta 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 2021Property tax & assessments
Tax year 2021
Tax billed
$1,420
Tax year 2021
Assessed value
$47,840
Assessed 2023
Previous assessed
$47,840
+0.0% YoY
Effective rate
2.97%
On assessed value
Assessed land
$6,000
Assessed improvement
$41,840
Land market value
$15,000
Improvement market value
$104,600
Total market value
$119,600
Applied tax rate
93.0000
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
Off-Market
Year built
1962
Construction
FRAME
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Rooms
1
Bathrooms
1
Total area
8,880 SF
Lot
1 ac (43,560 SF)
Zoning code
R-A
APN
093060 00801
UPID
US80-0267531
Jurisdiction
WHITE
Zoning & alternative use
R-A · Sparta, TNZoning R-A · permitted uses
R-A · Sparta, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this district is to provide single family detached dwellings, public elementary and high schools and private schools having courses of study approximately the same as public elementary and high schools, churches and other places of worship, including Sunday schools, parks, playgrounds and playfields
Zone name
Residential A Districts
General category
CIVIC_INSTITUTIONAL
Zone area
2,277.02 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1962
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Rooms
1
Bathrooms
1
Lot
1 ac
Current owner
From public records · entity-resolved
Sorrell,william C
Individual
Mailing address
PO BOX 637, SPARTA, TN 38583-0637
Ownership since
2006
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
Aug 31, 2006
—
Sorrell,william C
Cantrell,mark R & Connie D
Quit Claim Deed
related
—
Sep 4, 2001
$85,000
Mark R Cantrell
Carter,j W Etal
Grant Deed
—
Feb 25, 1993
—
Carter J W
Unknown,
Grant Deed
related
—
May 26, 1989
$58,000
James H Johnson
Unknown,
Grant Deed
—
May 6, 1989
$58,000
James H Johnson
Unknown
Grant Deed
—
—
—
Cantrell,mark R & Connie C
—
Deed Of Trust
related
$100,000 · First Nat'l Bk/tn
—
—
Cantrell,mark R & Connie D
—
Deed Of Trust
related
$100,000 · Citizens Bk
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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