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Property profile & analytics
OFF-MARKET
Estimated value
$780,000
Warehouses
308 Congress N Pkwy Athens, TN 37303-1612
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US80-0224700
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1995
Construction
FRAME
Total area
10,509 SF
Lot
1.6 ac (69,696 SF)
Zoning code
B-4
APN
054047E A 02500
UPID
US80-0224700
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
-
HR Sources & Solutions Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$777k
Blend (final)
Blend
$780k
Owner & transaction history
Pi INC · 15 yrs held
Pi INC
since 2011
7 recorded transactions
Zoning & alternative use
B-4 · Athens, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.0M
+27.3%
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 Athens submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Athens 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
$810,000
Current use
COMMERCIAL (GENERAL)
$1,035,000
Change: +27% · Conversion: Difficult
RETAIL STORES
$795,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$780k
Range $702k – $858k · ±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
$74 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$4,094
Tax year 2023
Assessed value
$195,880
Assessed 2023
Previous assessed
$169,680
+15.4% YoY
Effective rate
2.09%
On assessed value
Assessed land
$37,720
Assessed improvement
$158,160
Land market value
$94,300
Improvement market value
$395,400
Total market value
$489,700
Applied tax rate
54.0000
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
1995
Construction
FRAME
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Bathrooms
2
Total area
10,509 SF
Lot
1.6 ac (69,696 SF)
Zoning code
B-4
APN
054047E A 02500
UPID
US80-0224700
Jurisdiction
MCMINN
Zoning & alternative use
B-4 · Athens, TNZoning B-4 · permitted uses
B-4 · Athens, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$810,000
COMMERCIAL (GENERAL)
Est. value
$1.0M
RETAIL STORES
Est. value
$795,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
1995
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
1.6 ac
Current owner
From public records · entity-resolved
Pi INC
Entity
Mailing address
308 CONGRESS PKWY N, ATHENS, TN 37303-1612
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2018
—
Beene Holdings LLC
—
Deed
related
$700,000 · Peoples Bk/e Tn
Feb 16, 2011
$350,000
Pi INC
Morgan,tony E & Karen B
Warranty Deed
—
Mar 30, 2010
$275,000
Tony E Morgan
Branch Bkng & Trust Co
Grant Deed
—
Jun 16, 2009
$640,000
Branch Banking & Trust Co
Logue Gregory C
Trustees Deed
related
—
Mar 24, 2006
—
Daisy Properties LLC
Hart,loretta J
Quit Claim Deed
related
—
Dec 9, 2004
$375,000
Loretta J Hart
Sw Supply LLC
Warranty Deed
—
Feb 17, 1995
$35,000
Wholesalers Southern
—
Grant Deed
related
—
May 14, 1991
$25,200
Darrell Murray
Unknown
Grant Deed
—
—
—
Beene Holdings LLC
—
Deed Of Trust
related
$700,000 · Peoples Bk/e Tn
—
—
Daisy Properties LLC
—
Deed Of Trust
related
$2,000,000 · Konvalinka John P (te)
—
—
Daisy Properties LLC
—
Deed Of Trust
related
$4,517,200 · Branch Banking & Trust Co
—
—
Daisy Properties LLC
—
Deed Of Trust
related
$375,000 · Southern Heritage Bank
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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