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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Warehouses
3308 Davy Crockett NE Rd Cleveland, TN 37323-5878
Entity Owned
1-yr Hold
Free & Clear
Property ID
US80-0705652
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,000 SF
Lot
0.6 ac (26,136 SF)
Zoning code
IL
APN
050F A 018.09 000
UPID
US80-0705652
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
$640k
CAP Approach
CAP
$590k
Comparable Approach
Comparable
$410k
Blend (final)
Blend
$640k
Owner & transaction history
Hrs Mechanical LLC · 1 yrs held
Hrs Mechanical LLC
since 2024
Last sale
$640,000
7 recorded transactions
Zoning & alternative use
IL · Cleveland, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$835,000
+160.0%
Retail stores
$550,000
+71.7%
Auto repair, garage
$450,000
+40.8%
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 Cleveland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cleveland 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
$640,000
ML approach
$640,000
CAP Approach
CAP Return
Estimation
6%
$640,000
6.5%
$590,000
7%
$550,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$835,000
Change: +160% · Conversion: Difficult
RETAIL STORES
$550,000
Change: +72% · Conversion: Moderate
AUTO REPAIR, GARAGE
$450,000
Change: +41% · Conversion: Easy
Blend value · Realmo final
$640k
Range $576k – $704k · ±10% · vs last sale $640k (Sep 30 2024)
Last sale anchor
$640k
Sep 30 2024
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
$107 / 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
$1,347
Tax year 2023
Assessed value
$93,560
Assessed 2023
Previous assessed
$93,560
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$19,000
Assessed improvement
$74,560
Land market value
$47,500
Improvement market value
$186,400
Total market value
$233,900
Applied tax rate
6.0000
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
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Stories
1
Units
1
Rooms
1
Bathrooms
1
Total area
6,000 SF
Lot
0.6 ac (26,136 SF)
Zoning code
IL
APN
050F A 018.09 000
UPID
US80-0705652
Jurisdiction
BRADLEY
Zoning & alternative use
IL · Cleveland, TN
Zoning IL · permitted uses
IL · Cleveland, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cleveland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$835,000
RETAIL STORES
Est. value
$550,000
AUTO REPAIR, GARAGE
Est. value
$450,000
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
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
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Stories
1
Units
1
Rooms
1
Bathrooms
1
Lot
0.6 ac
Current owner
From public records · entity-resolved
Hrs Mechanical LLC
Entity
Free & Clear · 1 yrs held
Mailing address
3308 DAVY CROCKETT RD NE, CLEVELAND, TN 37323-5878
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2024
$640,000
Hrs Mechanical LLC
Lynn Jones
Warranty Deed
—
Aug 28, 2024
—
Lynn Jones
—
Deed
related
$500,000 · First Financial Bank NA
Jan 26, 2023
—
Lynn Jones
—
Deed
related
$1,300,000 · Mountain Valley Bank
Jan 3, 2018
—
Lynn Jones
—
Deed
related
$2,000,000 · Peoples Bk/e Tn
Sep 13, 2016
$251,500
Lynn Jones
Bethune,greg
Warranty Deed
—
Dec 16, 2011
$275,000
Greg Bethune
Renner,paul D JR
Warranty Deed
$273,061 · Bank Of Cleveland
Apr 22, 2008
—
Paul D Renner JR.
—
Trustees Deed
related
$50,530 · Bank Of Cleveland
—
—
Paul D Renner JR.
—
Deed Of Trust
related
$100,000 · Bank Of Cleveland
—
—
Paul D Renner JR.
—
Deed Of Trust
related
$55,453 · Bank Of Cleveland
—
—
Lynn Jones
—
Loan Modification
related
$2,000,000 · Peoples Bk/e Tn
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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