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Property profile & analytics
OFF-MARKET
Estimated value
$4,300,000
Warehouses
423 Westover Dr Columbia, TN 38401-4814
Individually Owned
2-yr Hold
Free & Clear
Property ID
US80-2512946
Property summary
AI-generated overview
This exceptional 7,500 square foot industrial warehouse space offers immediate occupancy in a prime location directly behind Maury Regional Medical Center. The property is part of a larger 37,000 square foot building, featuring a single-story design with a 16-foot ceiling height. Built in 1967 and extensively renovated in 2024, this Class C building provides efficient and updated workspace. The space includes one dock-high loading door (10x12) and ample open parking. Utilities include natural gas, electricity, and city sewer. The owner is willing to install 3-phase power for suitable lease terms, catering to a variety of industrial and manufacturing needs. The property sits on a generous 6.5 acres of land, zoned IR, offering potential for expansion or future development. This single-tenant space presents a unique opportunity for businesses seeking a well-maintained, conveniently located industrial facility with modern amenities. The available space is 7,500 square feet, with the remaining building space currently occupied. Inquire today to learn more about lease rates and secure this exceptional opportunity.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1951
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
40,750 SF
Lot
6.5 ac (283,140 SF)
Zoning code
IR
APN
060100G A 03100
UPID
US80-2512946
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
-
Big Dot Lighting (Bike/Boat/Book/etc) Store Hardware & Home Improvement
-
ColorKraft Auto Refinishers Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.30M
CAP Approach
CAP
$4.94M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.30M
Owner & transaction history
Curtis Ray Brown · 2 yrs held
Curtis Ray Brown
since 2024
Last sale
$4.3M
7 recorded transactions
Zoning & alternative use
IR · Columbia, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$6.2M
+228.0%
Retail stores
$4.7M
+148.3%
Auto repair, garage
$4.5M
+138.0%
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 Columbia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Columbia 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
$4,300,000
ML approach
$4,300,000
CAP Approach
CAP Return
Estimation
6%
$5,355,000
6.5%
$4,940,000
7%
$4,590,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$6,165,000
Change: +228% · Conversion: Difficult
RETAIL STORES
$4,665,000
Change: +148% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,475,000
Change: +138% · Conversion: Easy
COMMERCIAL (GENERAL)
$4,070,000
Change: +116% · Conversion: Difficult
Blend value · Realmo final
$4.30M
Range $3.87M – $4.73M · ±10% · vs last sale $4.30M (Apr 17 2024)
Last sale anchor
$4.30M
Apr 17 2024
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
$18,800
Tax year 2023
Assessed value
$687,360
Assessed 2023
Previous assessed
$687,360
+0.0% YoY
Effective rate
2.74%
On assessed value
Assessed land
$390,000
Assessed improvement
$297,360
Land market value
$975,000
Improvement market value
$743,400
Total market value
$1,718,400
Applied tax rate
60.0000
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
1951
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Buildings
4
Stories
1
Units
1
Bathrooms
4
Total area
40,750 SF
Lot
6.5 ac (283,140 SF)
Zoning code
IR
APN
060100G A 03100
UPID
US80-2512946
Jurisdiction
MAURY
Zoning & alternative use
IR · Columbia, TN
Zoning IR · permitted uses
IR · Columbia, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Columbia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$6.2M
RETAIL STORES
Est. value
$4.7M
AUTO REPAIR, GARAGE
Est. value
$4.5M
COMMERCIAL (GENERAL)
Est. value
$4.1M
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1951
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Units
1
Bathrooms
4
Lot
6.5 ac
Current owner
From public records · entity-resolved
Curtis Ray Brown
Individual
Free & Clear · 2 yrs held
Mailing address
PO BOX 1326, UPLAND, CA 91785-1326
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2024
$4,300,000
Curtis Ray Brown
Pattermann Properties LLC
Special Warranty Deed
—
Jan 23, 2024
—
Pattermann Properties LLC
—
Deed
related
$1,275,000 · Wilson Bank & Trust
Mar 7, 2023
—
Pattermann Properties LLC
Westover Properties LLC
Quit Claim Deed
related
—
Nov 1, 2021
—
Westover Properties LLC
—
Deed
related
$1,275,000 · Wilson Bank & Trust
Jan 19, 2021
$1,699,000
Westover Properties LLC
Burchell Properties LLC
Warranty Deed
—
Sep 25, 2020
$900,000
Burchell Properties LLC
Maury Farmers Cooperative
Warranty Deed
—
Mar 18, 2019
—
Maury Farmers Cooperative
—
Grant Deed
related
$4,262,109 · First Farmers & Merchants Bk
Jul 8, 2005
—
Maury Farmers Cooperative
—
Grant Deed
related
$1,500,000 · First Farmers & Merchants Bk/c
—
—
Maury Farmers Cooperative
—
Loan Modification
related
$4,262,109 · First Farmers & Merchants Bk
—
—
Maury Farmers Cooperative
—
Loan Modification
related
$4,262,109 · First Farmers & Merchants Bk
—
—
Maury Farmers Cooperative
—
Deed Of Trust
related
$800,000 · First Farmers & Merchants Bk/c
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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