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Property profile & analytics
OFF-MARKET
Estimated value
$1,385,000
Industrial properties
3121 Bartlett Corporate Dr, Bartlett, TN 38133-8946
Entity Owned
5-yr Hold
Free & Clear
Property ID
US80-1971022
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
1998
Total area
17,120 SF
Lot
1.3 ac (56,628 SF)
Zoning code
I-O
APN
B01-58O- -A-00020
UPID
US80-1971022
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
-
Psipher Wellness Group Physician
-
Metal Removal Technologies Corporate Office
-
Mid South Utility Consultants LLC Business Management Consultant
-
Urban Bad Credit Loan Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.32M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.39M
Owner & transaction history
Ja3 Holdings LLC · 5 yrs held
Ja3 Holdings LLC
since 2021
Last sale
$1.5M
5 recorded transactions
Zoning & alternative use
I-O · Bartlett, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.0M
+190.6%
Auto repair, garage
$1.7M
+136.2%
Apartment house (5+ units)
$1.5M
+116.7%
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 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
$1,225,000
ML approach
$1,320,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,040,000
Change: +191% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,660,000
Change: +136% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,525,000
Change: +117% · Conversion: Difficult
RETAIL STORES
$1,420,000
Change: +102% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,255,000
Change: +79% · Conversion: Difficult
Blend value · Realmo final
$1.39M
Range $1.25M – $1.52M · ±10% · vs last sale $1.50M (Feb 18 2021)
Last sale anchor
$1.50M
Feb 18 2021
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
$81 / 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
$12,001
Tax year 2022
Assessed value
$354,000
Assessed 2023
Previous assessed
$354,000
+0.0% YoY
Effective rate
3.39%
On assessed value
Assessed land
$79,280
Assessed improvement
$274,720
Land market value
$198,200
Improvement market value
$686,800
Total market value
$885,000
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
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
Off-Market
Year built
1998
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
17,120 SF
Lot
1.3 ac (56,628 SF)
Zoning code
I-O
APN
B01-58O- -A-00020
UPID
US80-1971022
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
OFFICE BUILDING
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
RETAIL STORES
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
OFFICE BUILDING
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
1998
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.3 ac
Current owner
From public records · entity-resolved
Ja3 Holdings LLC
Entity
Free & Clear · 5 yrs held
Mailing address
3121 BARTLETT CORPORATE DR STE #102, BARTLETT, TN 38133-8936
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2021
—
Ja3 Holdings LLC
Janet Giordano
Quit Claim Deed
related
—
Oct 16, 2020
—
Janet Giordano
Lester Giordano JR.
Quit Claim Deed
related
—
Mar 13, 2018
$1,500,000
Lester Giordano
Bch Investments LLC
Grant Deed
$1,275,000 · First Tn Bk
Dec 28, 2005
$1,500,000
Bch Investments LLC
Thorp & Hurley Investments
Grant Deed
—
—
—
Janet Giordano
—
Loan Modification
related
$1,275,000 · First Horizon 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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