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Property profile & analytics
OFF-MARKET
Estimated value
$915,000
Manufacturing properties
490 Sam Rayburn Pkwy Lenoir City, TN 37771-3356
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US80-2138447
Property summary
AI-generated overview
This exceptional 33,750-square-foot industrial facility, built in 2020, is situated on a six-acre lot in Lenoir City, Tennessee, just two miles from I-40. The single-story building boasts 20-24 foot clear ceiling heights, three dock-high doors, one drive-in bay, and one grade-level roll-up door, providing ample loading and unloading capabilities. The property includes 1,500 square feet of conditioned office space, a wet sprinkler system, and robust power (800 Amps 480V/277 3-Phase). Zoned I-2, this vacant property offers significant potential for a variety of industrial and distribution uses. Its location within the Knoxville MSA, coupled with its proximity to the Lenoir City Industrial Park and major transportation routes, makes it an ideal location for businesses seeking efficient logistics and access to a skilled workforce. The ample lot size allows for future expansion or outdoor storage. The asking price is $4,450,000, with an occupancy date of January 22, 2025. The property's address is 490 Sam Rayburn Pkwy, Lenoir City, TN 37771 (APN: 050 02424).
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2020
Total area
33,755 SF
Lot
6 ac (261,360 SF)
APN
073050 02424
UPID
US80-2138447
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
$590k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.24M
Blend (final)
Blend
$915k
Owner & transaction history
M & M Sumeria LLC · 1 yrs held
M & M Sumeria LLC
since 2025
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.2M
+51.7%
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 Lenoir City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lenoir City 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
$590,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$760,000
Current use
WAREHOUSE, STORAGE
$1,155,000
Change: +52% · Conversion: Easy
Blend value · Realmo final
$915k
Range $824k – $1.01M · ±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
$27 / 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
$905,720
Assessed 2023
Previous assessed
$905,720
+0.0% YoY
Assessed land
$60,000
Assessed improvement
$845,720
Land market value
$150,000
Improvement market value
$2,114,300
Total market value
$2,264,300
Applied tax rate
73.0000
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
2020
Heating
NONE
Stories
1
Total area
33,755 SF
Lot
6 ac (261,360 SF)
APN
073050 02424
UPID
US80-2138447
Jurisdiction
ROANE
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
INDUSTRIAL (GENERAL) Current
Est. value
$760,000
WAREHOUSE, STORAGE
Est. value
$1.2M
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
2020
Heating
NONE
Stories
1
Lot
6 ac
Current owner
From public records · entity-resolved
M & M Sumeria LLC
Entity
Free & Clear · 1 yrs held
Mailing address
12816 FARMGATE LN, KNOXVILLE, TN 37934-1363
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2025
$4,450,000
M & M Sumeria LLC
E-jay Properties LLC
Special Warranty Deed
—
Dec 6, 2017
—
Industrial Dev Board Of Cnty & Roan
Dekd LLC
Warranty Deed
related
—
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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