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Property profile & analytics
OFF-MARKET
Estimated value
$2,385,000
Warehouses
2999 Brother Blvd Bartlett, TN 38133-3957
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US80-1485742
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1988
Total area
37,840 SF
Lot
2.31 ac (100,754 SF)
Zoning code
I-O
APN
B01-58J- -A-00011-C
UPID
US80-1485742
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
-
Kele Precision Manufacturing Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.36M
Blend (final)
Blend
$2.39M
Owner & transaction history
Jt Capital LLC · 6 yrs held
Jt Capital LLC
since 2019
7 recorded transactions
Zoning & alternative use
I-O · Bartlett, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.7M
+66.5%
Apartment house (5+ units)
$3.4M
+52.8%
Retail stores
$3.1M
+42.5%
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 Bartlett submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bartlett 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,205,000
Current use
AUTO REPAIR, GARAGE
$3,670,000
Change: +66% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,365,000
Change: +53% · Conversion: Difficult
RETAIL STORES
$3,140,000
Change: +42% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,780,000
Change: +26% · Conversion: Moderate
Blend value · Realmo final
$2.39M
Range $2.15M – $2.62M · ±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
$63 / 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
$30,806
Tax year 2022
Assessed value
$908,720
Assessed 2023
Previous assessed
$908,720
+0.0% YoY
Effective rate
3.39%
On assessed value
Assessed land
$133,600
Assessed improvement
$775,120
Land market value
$334,000
Improvement market value
$1,937,800
Total market value
$2,271,800
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1988
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
37,840 SF
Lot
2.31 ac (100,754 SF)
Zoning code
I-O
APN
B01-58J- -A-00011-C
UPID
US80-1485742
Jurisdiction
SHELBY
Zoning & alternative use
I-O · Bartlett, TN
Zoning I-O · permitted uses
I-O · Bartlett, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bartlett. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$3.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.4M
RETAIL STORES
Est. value
$3.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.8M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1988
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.31 ac
Current owner
From public records · entity-resolved
Jt Capital LLC
Entity
Mailing address
1718 CAPITOL AVE, SACRAMENTO, CA 95811-5104
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2021
—
Jt Capital LLC
—
Deed
related
$1,810,000 · Simmons Bank
Dec 20, 2019
$2,230,150
Jt Capital LLC
Dhankhar 2 LLC
Warranty Deed
related
$1,860,000 · First Com'l Bk
Dec 3, 2018
—
Dhankhar 2 LLC
—
Deed
related
$500,000 · Financial Fed'l Bk
Oct 12, 2018
$1,550,000
Dhankhar 2 LLC
Kele INC
Grant Deed
$1,240,000 · Financial Fed'l Bk
Dec 6, 2007
—
Kele INC
—
Deed Of Trust
related
$58,000,000 · General Electric Capital Corp
Jun 11, 2007
—
Kele INC
—
Deed Of Trust
related
$1,577,000 · Antares Capital Corp
Mar 1, 2004
$1,500,000
Kele INC
International Technology Compl
Deed Of Trust
related
$1,878,600 · Antares Capital Corp
—
—
Dhankhar 2 LLC
—
Deed Of Trust
related
$500,000 · Financial Fed'l 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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