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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Manufacturing properties
3407 Fite Rd Millington, TN 38053-8339
Entity Owned
10-yr Hold
Free & Clear
Property ID
US80-1176883
Property profile
Verified
Property type
Manufacturing properties
Use group
MILL (FEED, GRAIN, LUMBER, TEXTILE)
Year built
2005
Total area
7,500 SF
Lot
9.73 ac (423,839 SF)
Zoning code
IH
APN
D01-36 - - -00270
UPID
US80-1176883
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
-
Grisham Bros., LLC Hardware & Home Improvement Production Facility
-
Global Cotton Recovery LLC Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$360k
CAP Approach
CAP
$725k
Comparable Approach
Comparable
$569k
Blend (final)
Blend
$530k
Owner & transaction history
Suns Aegis LLC · 10 yrs held
Suns Aegis LLC
since 2016
1 recorded transaction
Zoning & alternative use
IH · Millington, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$750,000
+149.7%
Retail stores
$675,000
+124.2%
Apartment house (5+ units)
$670,000
+122.9%
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 Millington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Millington 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
$360,000
CAP Approach
CAP Return
Estimation
6%
$785,000
6.5%
$725,000
7%
$675,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$750,000
Change: +150% · Conversion: Easy
RETAIL STORES
$675,000
Change: +124% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$670,000
Change: +123% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$665,000
Change: +122% · Conversion: Difficult
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$71 / 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
$44,222
Tax year 2022
Assessed value
$1,304,480
Assessed 2023
Previous assessed
$1,304,480
+0.0% YoY
Effective rate
3.39%
On assessed value
Assessed land
$42,520
Assessed improvement
$1,261,960
Land market value
$106,300
Improvement market value
$3,154,900
Total market value
$3,261,200
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
MILL (FEED, GRAIN, LUMBER, TEXTILE)
Status
Off-Market
Year built
2005
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
5
Stories
1
Total area
7,500 SF
Lot
9.73 ac (423,839 SF)
Zoning code
IH
APN
D01-36 - - -00270
UPID
US80-1176883
Jurisdiction
SHELBY
Zoning & alternative use
IH · Millington, TN
Zoning IH · permitted uses
IH · Millington, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Millington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$750,000
RETAIL STORES
Est. value
$675,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$670,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$665,000
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
2005
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
5
Lot
9.73 ac
Current owner
From public records · entity-resolved
Suns Aegis LLC
Entity
Free & Clear · 10 yrs held
Mailing address
3407 FITE RD, MILLINGTON, TN 38053-8339
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2016
$2,100,000
Suns Aegis LLC
Global Cotton Recovery LLC
Warranty Deed
—
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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