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Property profile & analytics
OFF-MARKET
Estimated value
$1,505,000
Warehouses
321 Thrasher Pike Soddy Daisy, TN 37379-4269
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US80-3414416
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1994
Total area
38,366 SF
Lot
20.64 ac (899,078 SF)
Zoning code
M2
APN
073F C 029
UPID
US80-3414416
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
-
Smart Start Ignition Interlock Building Supply General Contractor
-
Crouse Automotive And Performance Auto Repair Shop Vehicle Inspection Center
-
Hog Farmer Bait Company (Bike/Boat/Book/etc) Store
-
Bin Pickin LLC Discount Store
-
Chop Shop Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.51M
Blend (final)
Blend
$1.51M
Owner & transaction history
Ralph Ron Mcnew · 9 yrs held
Ralph Ron Mcnew
since 2017
7 recorded transactions
Zoning & alternative use
M2 · Soddy Daisy, TN
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 Soddy Daisy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Soddy Daisy 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)
$2,340,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$1.51M
Range $1.35M – $1.66M · ±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
$39 / 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
$12,827
Tax year 2023
Assessed value
$372,655
Assessed 2023
Previous assessed
$372,655
+0.0% YoY
Effective rate
3.44%
On assessed value
Land market value
$110,100
Improvement market value
$844,900
Total market value
$955,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1994
Heating
YES
Buildings
3
Stories
1
Total area
38,366 SF
Lot
20.64 ac (899,078 SF)
Zoning code
M2
APN
073F C 029
UPID
US80-3414416
Jurisdiction
HAMILTON
Zoning & alternative use
M2 · Soddy Daisy, TN
Zoning M2 · permitted uses
M2 · Soddy Daisy, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Soddy Daisy. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL)
Est. value
$2.3M
INDUSTRIAL (GENERAL)
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
1994
Heating
YES
Stories
1
Buildings
3
Lot
20.64 ac
Current owner
From public records · entity-resolved
Ralph Ron Mcnew
Individual
Mailing address
229 THRASHER PIKE, SODDY DAISY, TN 37379-4267
Ownership since
2017
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
Apr 25, 2017
$616,717
Ralph Ron Mcnew
Ronnie Mcnew
Warranty Deed
related
$668,000 · Community National Bank
Jan 2, 2009
$110,000
Future Properties LLC
Folkner,jim
Warranty Deed
—
Dec 31, 2008
$65,000
Jim Folkner
Mcnew,ronnie & Carolyn
Warranty Deed
—
Dec 4, 2006
—
Ronnie Mcnew
—
Trustees Deed
related
$150,000 · Community National Bank
Sep 11, 1992
$65,000
Ronnie Mc New
Unknown
Grant Deed
—
—
—
Ronnie Mcnew
—
Deed Of Trust
related
$625,000 · Community National Bank
—
—
Ronnie Mcnew
—
Deed Of Trust
related
$100,000 · Community National Bank
—
—
Ronnie Mcnew
—
Deed Of Trust
related
$515,000 · Community National 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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