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Property profile & analytics
OFF-MARKET
Estimated value
$915,000
Warehouses
445 2nd N Ave Lewisburg, TN 37091-2753
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US80-1452121
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
17,135 SF
Lot
2.01 ac (87,360 SF)
APN
059064I D 02300
UPID
US80-1452121
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
-
Equipment King LLC Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$942k
Blend (final)
Blend
$915k
Owner & transaction history
Vice Grip Garage LLC
Vice Grip Garage LLC
since 2026
Last sale
$900,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.5M
+80.4%
Retail stores
$1.4M
+70.4%
Auto repair, garage
$1.4M
+67.8%
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 Lewisburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lewisburg 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$805,000
Current use
RESTAURANT
$1,450,000
Change: +80% · Conversion: Difficult
RETAIL STORES
$1,370,000
Change: +70% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,350,000
Change: +68% · Conversion: Easy
Blend value · Realmo final
$915k
Range $824k – $1.01M · ±10% · vs last sale $900k (Feb 20 2026)
Last sale anchor
$900k
Feb 20 2026
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
$53 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$2,287
Tax year 2021
Assessed value
$144,800
Assessed 2023
Previous assessed
$144,800
+0.0% YoY
Effective rate
1.58%
On assessed value
Assessed land
$15,040
Assessed improvement
$129,760
Land market value
$37,600
Improvement market value
$324,400
Total market value
$362,000
Applied tax rate
59.0000
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
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Buildings
2
Stories
1
Units
1
Rooms
2
Bathrooms
2
Total area
17,135 SF
Lot
2.01 ac (87,360 SF)
APN
059064I D 02300
UPID
US80-1452121
Jurisdiction
MARSHALL
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
$805,000
RESTAURANT
Est. value
$1.5M
RETAIL STORES
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.4M
WAREHOUSE, STORAGE Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
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
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Stories
1
Buildings
2
Units
1
Rooms
2
Bathrooms
2
Lot
2.01 ac
Current owner
From public records · entity-resolved
Vice Grip Garage LLC
Entity
Mailing address
445 2ND AVE N LEWISBURG
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 20, 2026
$900,000
Vice Grip Garage LLC
Mcneese Holdings LLC
Warranty Deed
—
Oct 31, 2024
—
Mcneese Holdings LLC
Brian Allen Mcneese
Intrafamily Transfer
related
—
Feb 23, 2023
—
Brian A Mcneese
—
Deed
related
$700,000 · Heritage South Community Cu
Oct 28, 2019
—
Bth Properties LLC
Brian A Mcneese
Quit Claim Deed
related
—
Nov 9, 2018
—
Brian A Mcneese
—
Deed
related
$495,000 · Heritage S Cmnty Cu
Sep 18, 2017
—
Brian A Mcneese
—
Deed
related
$100,000 · Regions Bk
Jul 28, 2014
$101,000
Mcneese,brian A
Walker Die Casting INC
Warranty Deed
$80,000 · Heritage S Cmnty Cu
Aug 12, 2013
$85,000
Walker Die Casting INC
Blackmon,preston O & Linda M
Warranty Deed
—
May 22, 2007
—
Preston Blackmon
Eps Plastics INC
Quit Claim Deed
related
—
Nov 3, 1989
$55,000
Preston O Blackmon
Unknown
Grant Deed
—
—
—
Brian A Mcneese
—
Deed Of Trust
related
$495,000 · Heritage S Cmnty Cu
—
—
Brian A Mcneese
—
Deed Of Trust
related
$100,000 · Regions Bk
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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