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Property profile & analytics
OFF-MARKET
Estimated value
$7,225,000
Warehouses
4931 Denton Fly Rd Milan, TN 38358-6464
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US80-1012590
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
248,560 SF
Lot
29.24 ac (1,273,694 SF)
APN
159 02909
UPID
US80-1012590
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
-
Sunland Logistics Solutions Warehouse & Storage
-
Delta Faucet Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.32M
Blend (final)
Blend
$7.23M
Owner & transaction history
Phoenix Jcre Milan Indl Invtrs · 9 yrs held
Phoenix Jcre Milan Indl Invtrs
since 2016
7 recorded transactions
Zoning & alternative use
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 Milan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milan 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
$5,275,000
Current use
Blend value · Realmo final
$7.23M
Range $6.50M – $7.95M · ±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
$29 / 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
$1,961,960
Assessed 2023
Previous assessed
$1,961,960
+0.0% YoY
Assessed land
$106,400
Assessed improvement
$1,855,560
Land market value
$266,000
Improvement market value
$4,638,900
Total market value
$4,904,900
Applied tax rate
270,000,000.0000
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
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Buildings
2
Stories
1
Units
1
Bathrooms
6
Total area
248,560 SF
Lot
29.24 ac (1,273,694 SF)
APN
159 02909
UPID
US80-1012590
Jurisdiction
GIBSON
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
$5.3M
WAREHOUSE, STORAGE Current
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
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Stories
1
Buildings
2
Units
1
Bathrooms
6
Lot
29.24 ac
Current owner
From public records · entity-resolved
Phoenix Jcre Milan Indl Invtrs
Individual
Mailing address
PO BOX 9222, COPPELL, TX 75019-9240
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 16, 2017
—
Phoenix Milan Indl Invtrs LLC
—
Deed
related
$69,200,000 · Walker & Dunlop Commercial Property Fund Walker & Dunlop Commercial Property Fund
Dec 22, 2016
—
Phoenix Jcre Milan Indl Invtrs
Whirlpool Realty Corp
Quit Claim Deed
related
—
Dec 22, 2016
$5,150,000
Phoenix Jcr Milan Indl Invtrs
Whirlpool Realty Corp
Grant Deed
—
Jan 8, 2007
$6,300,000
Whirlpool Realty Corp
Maytag Sales INC
Trustees Deed
$62,000,000 · Miscellaneous Ins Co
Apr 2, 2005
—
City Of Milan Tennessee
Maytag Sales INC
Warranty Deed
related
—
Feb 14, 2003
—
Maytag Appliances Sales Co
Maytag,c
Quit Claim Deed
related
—
Jul 9, 1991
$49,724
Maytag Corporation
Unknown
Grant Deed
—
Sep 22, 1988
$70,000
Maytag Corporation
Unknown,
Grant Deed
—
—
—
Phoenix Milan Indl Invtrs LLC
—
Deed Of Trust
related
$69,200,000 · Walker & Dunlop Commercial Property Fund Walker & Dunlop Commercial Property Fund
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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