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Property profile & analytics
OFF-MARKET
Estimated value
$1,735,000
Manufacturing properties
321 Maddox Simpson Pkwy, Lebanon, TN 37090-5345
Entity Owned
13-yr Hold
Absentee Owner
Property ID
US80-0473549
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2017
Construction
FRAME
Total area
98,677 SF
Lot
10.47 ac (456,073 SF)
APN
081 07500
UPID
US80-0473549
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
$1.74M
Owner & transaction history
Delta Holding LLC · 13 yrs held
Delta Holding LLC
since 2013
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Lebanon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lebanon 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
INDUSTRIAL (GENERAL)
$1,875,000
Current use
Blend value · Realmo final
$1.74M
Range $1.56M – $1.91M · ±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
$18 / 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
$55,321
Tax year 2023
Assessed value
$1,913,080
Assessed 2023
Previous assessed
$1,913,080
+0.0% YoY
Effective rate
2.89%
On assessed value
Assessed land
$293,160
Assessed improvement
$1,619,920
Land market value
$732,900
Improvement market value
$4,049,800
Total market value
$4,782,700
Applied tax rate
950.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2017
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Bathrooms
1
Total area
98,677 SF
Lot
10.47 ac (456,073 SF)
APN
081 07500
UPID
US80-0473549
Jurisdiction
WILSON
Zoning & alternative use
Zoning · permitted uses
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
INDUSTRIAL (GENERAL) Current
Est. value
$1.9M
INDUSTRIAL (GENERAL) Current
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
2017
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
1
Lot
10.47 ac
Current owner
From public records · entity-resolved
Delta Holding LLC
Entity
Mailing address
936 CARTHAGE HWY, LEBANON, TN 37087-4613
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
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
Mar 31, 2021
—
Delta Holdings LLC
—
Deed
related
$990,000 · Wilson Bank & Trust
May 12, 2016
—
Delta Holdings LLC
—
Deed Of Trust
related
$2,000,000 · Wilson Bk&tr
Apr 23, 2013
$435,000
Delta Holding LLC
Second Thundebolt LLC
Grant Deed
—
Dec 30, 2009
$538,200
Second Thunderbolt LLC
Bowman Emily H
Trustees Deed
$500,000 · First Thunderbolt LLC
Dec 23, 2008
$400,000
Delta Holdings LLC
First Lebanon LLC
Warranty Deed
related
$1,750,000 · Wilson Bank & Trust
Mar 17, 2005
$665,000
Goen Robert C Trust
Lebanon LLC
Warranty Deed
—
Jun 21, 2004
$1,031,940
Lebanon LLC
City Of Lebanon
Warranty Deed
related
$750,000 · National Bank Commerce Tr & Sa
Apr 10, 2002
—
City Of Lebanon Tn
Sarfehjoo,mohsen
Grant Deed
related
—
Jun 20, 1997
$70,000
Mohsen Sarfehjoo
—
Grant Deed
related
—
Nov 21, 1995
$44,000
David M Davis
Unknown
Grant Deed
$54,800 · First Republic Mortgage
May 31, 1991
$54,000
David M Davis
Unknown
Grant Deed
—
—
—
First Lebanon LLC
—
Deed Of Trust
related
$750,000 · Regions 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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