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Property profile & analytics
OFF-MARKET
Estimated value
$20,350,000
Warehouses
375 Belvedere Dr Gallatin, TN 37066-3179
Entity Owned
Absentee Owner
Free & Clear
Property ID
US80-3542069
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
191,536 SF
Lot
22.4 ac (975,744 SF)
APN
083125L B 00100
UPID
US80-3542069
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
-
Simpson Strong-Tie Company Inc. Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$23.67M
Comparable Approach
Comparable
$19.74M
Blend (final)
Blend
$20.35M
Owner & transaction history
Industrial Dev Brd Of City Of Galla
Industrial Dev Brd Of City Of Galla
since 2025
Last sale
$19.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$29.1M
+17.5%
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 Gallatin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gallatin 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%
$25,635,000
6.5%
$23,665,000
7%
$21,975,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$24,720,000
Current use
RETAIL STORES
$29,050,000
Change: +18% · Conversion: Moderate
Blend value · Realmo final
$20.35M
Range $18.32M – $22.39M · ±10% · vs last sale $19.00M (May 1 2025)
Last sale anchor
$19.00M
May 1 2025
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
$106 / 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
$70,677
Tax year 2023
Assessed value
$2,315,680
Assessed 2023
Previous assessed
$2,315,680
+0.0% YoY
Effective rate
3.05%
On assessed value
Assessed land
$334,440
Assessed improvement
$1,981,240
Land market value
$836,100
Improvement market value
$4,953,100
Total market value
$5,789,200
Applied tax rate
83.0000
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
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
CENTRAL
Buildings
4
Stories
1
Bathrooms
11
Total area
191,536 SF
Lot
22.4 ac (975,744 SF)
APN
083125L B 00100
UPID
US80-3542069
Jurisdiction
SUMNER
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
WAREHOUSE, STORAGE Current
Est. value
$24.7M
RETAIL STORES
Est. value
$29.1M
WAREHOUSE, STORAGE Current
RETAIL STORES
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
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
4
Bathrooms
11
Lot
22.4 ac
Current owner
From public records · entity-resolved
Industrial Dev Brd Of City Of Galla
Entity
Free & Clear · 0 yrs held
Mailing address
5956 W LAS POSITAS BLVD, PLEASANTON, CA 94588-8540
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 24, 2025
—
Industrial Dev Brd Of City Of Galla
4pm LLC
Quitclaim Deed
related
—
Aug 1, 2025
—
4pm LLC
Simpson Manufacturing Co INC
Quitclaim Deed
related
—
Aug 1, 2025
$19,000,000
4pm LLC
Simpson Manufacturing Co INC
Special Warranty Deed
—
Aug 15, 2006
$5,500,000
Simpson Manufacturing Co INC
First Industrial Dev Svcs INC
Grant Deed
—
Aug 15, 2006
—
Simpson Manufacturing Co INC
First Industrial Dev Svcs INC
Quit Claim Deed
related
—
Jan 12, 2005
$4,000,000
First Industrial Dev Svcs INC
Robert Bosch Corp
Grant Deed
related
—
Apr 15, 1996
$3,480,000
Braking Systems Bosh
—
Grant Deed
related
—
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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