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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Manufacturing properties
350 Industrial Park Rd Madisonville, TN 37354-6110
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US80-1723033
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1987
Construction
FRAME
Total area
29,710 SF
Lot
7.14 ac (311,018 SF)
Zoning code
M-1
APN
062079 00901
UPID
US80-1723033
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
$346k
Blend (final)
Blend
$525k
Owner & transaction history
Westlund Holdings LLC · 6 yrs held
Westlund Holdings LLC
since 2020
Last sale
$500,000
4 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
$570,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$525k
Range $473k – $578k · ±10% · vs last sale $500k (Jul 13 2020)
Last sale anchor
$500k
Jul 13 2020
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 2022Property tax & assessments
Tax year 2022
Tax billed
$2,372
Tax year 2022
Assessed value
$82,640
Assessed 2023
Previous assessed
$76,840
+7.5% YoY
Effective rate
2.87%
On assessed value
Assessed land
$21,600
Assessed improvement
$61,040
Land market value
$54,000
Improvement market value
$152,600
Total market value
$206,600
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
1987
Construction
FRAME
Heating
YES
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
3
Total area
29,710 SF
Lot
7.14 ac (311,018 SF)
Zoning code
M-1
APN
062079 00901
UPID
US80-1723033
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
1987
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
3
Lot
7.14 ac
Current owner
From public records · entity-resolved
Westlund Holdings LLC
Entity
Mailing address
350 INDUSTRIAL PARK RD, MADISONVILLE, TN 37354-6110
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 13, 2020
$500,000
Westlund Holdings LLC
John Houvenagle
Grant Deed
$400,000 · Ryan P Mcnally
Aug 1, 2013
$215,000
John Houvenagle
Barefield,d C & Patricia
Warranty Deed
$196,000 · Branch Banking & Trust Co
Feb 3, 2011
—
Patricia Barefield
Barefield,d C
Quit Claim Deed
related
—
Mar 13, 1992
$7,656
John K Mcconkey
Unknown
Grant 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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