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Property profile & analytics
OFF-MARKET
Estimated value
$10,250,000
Manufacturing properties
4100 Old Tasso NE Rd Cleveland, TN 37312-5831
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US80-1019720
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
250,640 SF
Lot
26.42 ac (1,150,855 SF)
Zoning code
IL
APN
042 017.03 000
UPID
US80-1019720
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
-
Triumph Sheets Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.97M
Blend (final)
Blend
$10.25M
Owner & transaction history
Industrial Dev Board Of The Cnty · 6 yrs held
Industrial Dev Board Of The Cnty
since 2020
Last sale
$9.3M
7 recorded transactions
Zoning & alternative use
IL · Cleveland, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
A. All uses allowed by right in the CH and IL Districts which are not otherwise allowed by right in the MU District. 2.14 IL District (Light Industry). 2.14.1 The IL (Light Industry) District, includes the following uses: A. Existing or replacement of single family or multi -family developments on existing sites subject to the section 3.0 Site Design Standar…
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
2,496.92 ac
Top alternative use upside
Warehouse, storage
$13.4M
+11.8%
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
$10,540,000
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)
$11,970,000
Current use
WAREHOUSE, STORAGE
$13,385,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$10.25M
Range $9.23M – $11.28M · ±10% · vs last sale $9.25M (Jan 10 2020)
Last sale anchor
$9.25M
Jan 10 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
$41 / 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
Land market value
$879,800
Improvement market value
$9,571,400
Total market value
$10,451,200
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Buildings
2
Stories
1
Rooms
2
Bathrooms
27
Total area
250,640 SF
Lot
26.42 ac (1,150,855 SF)
Zoning code
IL
APN
042 017.03 000
UPID
US80-1019720
Jurisdiction
BRADLEY
Zoning & alternative use
IL · Cleveland, TNZoning IL · permitted uses
IL · Cleveland, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
A. All uses allowed by right in the CH and IL Districts which are not otherwise allowed by right in the MU District. 2.14 IL District (Light Industry). 2.14.1 The IL (Light Industry) District, includes the following uses: A. Existing or replacement of single family or multi -family developments on existing sites subject to the section 3.0 Site Design Standards for
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
2,496.92 ac
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$12.0M
WAREHOUSE, STORAGE
Est. value
$13.4M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Stories
1
Buildings
2
Rooms
2
Bathrooms
27
Lot
26.42 ac
Current owner
From public records · entity-resolved
Industrial Dev Board Of The Cnty
Individual
Mailing address
3600 E CARMEL DR #10, CARMEL, IN 46033-4317
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2020
—
Industrial Dev Board Of The Cnty
Triumph Sheets LLC
Warranty Deed
related
$43,500,000 · Fifth Third Bk NA
Sep 3, 2019
—
Triumph Sheets LLC
—
Deed Of Trust
related
$43,500,000 · Fifth Third Bk
Mar 5, 2019
$9,250,000
Triumph Sheets LLC
Jlk Properties LLC
Warranty Deed
—
Jul 3, 2018
—
Jlk Properties LLC
—
Deed
related
$5,463,674 · First Tn Bk
Apr 26, 2017
$5,505,000
Jlk Properties LLC
Frontier Properties LLC
Warranty Deed
$5,546,110
Nov 5, 2009
$4,598,394
Frontier Properties LLC
Lynnco Properties LLC
Grant Deed
—
Jul 15, 2005
—
Lynnco Properties LLC
—
Trustees Deed
related
$200,000 · Regions Bank
Aug 11, 2004
$3,375,000
Lynnco Properties LLC
Meadwestvaco Corp
Grant Deed
—
—
—
Lynnco Properties LLC
—
Deed Of Trust
related
$4,400,000 · Regions Bank
—
—
Triumph Sheets LLC
—
Loan Modification
related
$43,500,000 · Fifth Third Bk NA
—
—
Lynnco Properties LLC
—
Deed Of Trust
related
$4,764,900 · American Equity Inv Life Ins
—
—
Jlk Properties LLC
—
Loan Modification
related
$5,463,674 · First Tn Bk
—
—
Lynnco Properties LLC
—
Deed Of Trust
related
$4,400,000 · Regions Bank
—
—
Lynnco Properties LLC
—
Deed Of Trust
related
$100,000 · Regions Bank
—
—
Lynnco Properties LLC
—
Deed Of Trust
related
$2,500,000 · Fsgbank
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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