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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Commercial real estate
4223 Airport Hwy, Louisville, TN 37777-5335
Individually Owned
1-yr Hold
Free & Clear
Property ID
US80-2076801
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2008
Total area
4,000 SF
Lot
10.35 ac (450,846 SF)
Zoning code
C
APN
005009 07800
UPID
US80-2076801
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
$450k
CAP Approach
CAP
$540k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$620k
Owner & transaction history
Dwayne Jones · 1 yrs held
Dwayne Jones
since 2024
7 recorded transactions
Zoning & alternative use
C · Louisville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Louisville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Louisville 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
$450,000
CAP Approach
CAP Return
Estimation
6%
$585,000
6.5%
$540,000
7%
$500,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$930,000
Current use
MEDICAL BUILDING
$810,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$620k
Range $558k – $682k · ±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
$155 / 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
$22,420
Tax year 2022
Assessed value
$1,020,040
Assessed 2023
Previous assessed
$1,020,040
+0.0% YoY
Effective rate
2.20%
On assessed value
Assessed land
$470,480
Assessed improvement
$549,560
Land market value
$1,176,200
Improvement market value
$1,373,900
Total market value
$2,550,100
Applied tax rate
5.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2008
Heating
YES
Buildings
3
Stories
1
Units
1
Bathrooms
4
Total area
4,000 SF
Lot
10.35 ac (450,846 SF)
Zoning code
C
APN
005009 07800
UPID
US80-2076801
Jurisdiction
BLOUNT
Zoning & alternative use
C · Louisville, TN
Zoning C · permitted uses
C · Louisville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Louisville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$930,000
MEDICAL BUILDING
Est. value
$810,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
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
2008
Heating
YES
Stories
1
Buildings
3
Units
1
Bathrooms
4
Lot
10.35 ac
Current owner
From public records · entity-resolved
Dwayne Jones
Individual
Free & Clear · 1 yrs held
Mailing address
505 DEADERICK ST, NASHVILLE, TN 37243-1402
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 12, 2024
$550,000
Dwayne Jones
Freedomroads Property Company LLC
Warranty Deed
—
May 22, 2024
—
State Of Tennessee
Freedomroads Property Company LLC
Warranty Deed
—
Jan 26, 2018
$3,700,000
Freedomroads Property Co LLC
National Retail Properties INC
Warranty Deed
—
Apr 3, 2017
$10,000
Hassan Living Trust
National Retail Properties INC
Warranty Deed
—
Jan 16, 2015
—
National Retail Properties INC
National Retail Properties L
Quit Claim Deed
related
—
Apr 4, 2012
$1,500,000
National Retail Properties LP
Suncoast Props Of Jacksonville In
Warranty Deed
—
Mar 28, 2012
$1,500,000
Suncoast Props Of Jacksonville
Owner Name Unavailable
Grant Deed
related
—
Jan 21, 2004
$754,000
Suncoast Properties Of
Sloan,charles
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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