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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Manufacturing properties
313 Greenwood Cir Madisonville, TN 37354-1005
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US80-0764330
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1957
Total area
47,829 SF
Lot
14.34 ac (624,650 SF)
Zoning code
M-1
APN
062067 10400
UPID
US80-0764330
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
-
Marine Tower Systems Metal Fabrication Plant Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$650k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$557k
Blend (final)
Blend
$605k
Owner & transaction history
Proffitts Machining INC · 12 yrs held
Proffitts Machining INC
since 2014
6 recorded transactions
Zoning & alternative use
M-1 · Madisonville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
11-310. M-1, Industrial District. The purpose of the M-1, Industrial District, is to provide areas in which the principal use of land is for manufacturing, processing, assembling, fabrication of materials, and warehousing or storage. These land uses generally require good accessibility to major rail or highway transportation routes. Such activities may have…
Zone name
Industrial District
General category
INDUSTRIAL
Zone area
421.30 ac
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 Madisonville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Madisonville 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
$650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$605k
Range $545k – $666k · ±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
$13 / 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
$4,904
Tax year 2022
Assessed value
$165,080
Assessed 2023
Previous assessed
$158,880
+3.9% YoY
Effective rate
2.97%
On assessed value
Assessed land
$32,240
Assessed improvement
$132,840
Land market value
$80,600
Improvement market value
$332,100
Total market value
$412,700
Applied tax rate
62.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1957
Heating
YES
Stories
1
Units
1
Bathrooms
2
Total area
47,829 SF
Lot
14.34 ac (624,650 SF)
Zoning code
M-1
APN
062067 10400
UPID
US80-0764330
Jurisdiction
MONROE
Zoning & alternative use
M-1 · Madisonville, TNZoning M-1 · permitted uses
M-1 · Madisonville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
11-310. M-1, Industrial District. The purpose of the M-1, Industrial District, is to provide areas in which the principal use of land is for manufacturing, processing, assembling, fabrication of materials, and warehousing or storage. These land uses generally require good accessibility to major rail or highway transportation routes. Such activities may have certain adverse effects upon surrounding properties and may, in some instances, not be compatible with various other zoning districts or other types of land use activities in the community. Within the
Zone name
Industrial District
General category
INDUSTRIAL
Zone area
421.30 ac
Building & site characteristics
From public records
Year built
1957
Heating
YES
Stories
1
Units
1
Bathrooms
2
Lot
14.34 ac
Current owner
From public records · entity-resolved
Proffitts Machining INC
Entity
Mailing address
313 GREENWOOD CIR, MADISONVILLE, TN 37354-1005
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2025
—
Proffits Machining INC
—
Deed
related
$412,000 · Old National Bank
Apr 11, 2014
$175,000
Proffitts Machining INC
Hiwassee Furniture Mfrs INC
Warranty Deed
$140,000 · David Rapking
Jul 29, 2011
$52,000
Monroe Cnty Habitat Of Humanity I
Matthews,doris
Trustees Deed
related
—
Dec 14, 2004
$60,000
James R Mclemore
Monroe Cnty Habitat Of Humanity
Warranty Deed
—
Dec 14, 2004
$5,530
Monroe Cnty Habitat Of Humanity
Hiwassee Furniture Manufacture
Warranty Deed
—
—
—
James R Mclemore JR.
—
Deed Of Trust
related
$35,000 · Monroe Cnty Habitat/humanity I
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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