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Property profile & analytics
OFF-MARKET
Estimated value
$7,780,000
Residential income homes
432 Barkley Lndg Dr, Morristown, TN 37813-5297
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-1185114
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1998
Construction
WOOD
Total area
11,706 SF
Lot
12.54 ac (546,242 SF)
Zoning code
R2
APN
032042J C 04100
UPID
US80-1185114
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
$7.77M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.78M
Owner & transaction history
Cig 64 Barkley LLC · 2 yrs held
Cig 64 Barkley LLC
since 2023
Last sale
$7.8M
4 recorded transactions
Zoning & alternative use
R2 · Morristown, 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 Morristown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morristown 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
$7,705,000
ML approach
$7,765,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.78M
Range $7.00M – $8.56M · ±10% · vs last sale $7.78M (Dec 8 2023)
Last sale anchor
$7.78M
Dec 8 2023
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
$665 / 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
Property tax & assessments
Assessed value
$1,414,880
Assessed 2023
Previous assessed
$1,414,880
+0.0% YoY
Assessed land
$181,040
Assessed improvement
$1,233,840
Land market value
$452,600
Improvement market value
$3,084,600
Total market value
$3,537,200
Applied tax rate
32.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1998
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
9
Stories
1
Units
1
Rooms
1
Bathrooms
114
Total area
11,706 SF
Lot
12.54 ac (546,242 SF)
Zoning code
R2
APN
032042J C 04100
UPID
US80-1185114
Jurisdiction
HAMBLEN
Zoning & alternative use
R2 · Morristown, TN
Zoning R2 · permitted uses
R2 · Morristown, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Morristown. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1998
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
9
Units
1
Rooms
1
Bathrooms
114
Lot
12.54 ac
Current owner
From public records · entity-resolved
Cig 64 Barkley LLC
Entity
Mailing address
870 GREENBRIER CIR, CHESAPEAKE, VA 23320-2641
Ownership since
2023
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
Dec 8, 2023
$7,783,000
Cig 64 Barkley LLC
Ipi Properties 24 LLC
Special Warranty Deed
$7,038,746 · Lima One Capital LLC
Mar 13, 2019
$3,900,000
Ipi Properties 24 LLC
C-tan Investments LLC
Trustees Deed
$3,120,000 · Private Individual
Dec 29, 2015
$1,360,000
C-tan Investments LLC
Park Village Morristown Partne
Warranty Deed
$1,200,163 · First Midwest Bk/poplar Bluff
—
—
Village Morristown Ptrs L Park
—
Deed Of Trust
related
$1,300,000 · Lasalle National Bank
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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