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Property profile & analytics
OFF-MARKET
Estimated value
$910,000
Warehouses
4999 Enka Hwy Morristown, TN 37813-5104
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-1735886
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1967
Construction
FRAME
Total area
60,000 SF
Lot
51.01 ac (2,221,996 SF)
Zoning code
I1
APN
032058 07102
UPID
US80-1735886
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
-
R&S- MT4 Warehouse & Distribution Center Warehouse & Storage
-
Casper’s Body Shop & Wrecker Service Auto Repair Shop
-
American Book Company Enka Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.27M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$910k
Owner & transaction history
Chanan LLC · 3 yrs held
Chanan LLC
since 2023
Last sale
$800,000
4 recorded transactions
Zoning & alternative use
I1 · 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
$780,000
ML approach
$1,270,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$910k
Range $819k – $1.00M · ±10% · vs last sale $800k (Jan 4 2023)
Last sale anchor
$800k
Jan 4 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
$15 / 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
$991,840
Assessed 2023
Previous assessed
$991,840
+0.0% YoY
Assessed land
$150,160
Assessed improvement
$841,680
Land market value
$375,400
Improvement market value
$2,104,200
Total market value
$2,479,600
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
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
1967
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
4
Stories
1
Units
1
Rooms
1
Bathrooms
6
Total area
60,000 SF
Lot
51.01 ac (2,221,996 SF)
Zoning code
I1
APN
032058 07102
UPID
US80-1735886
Jurisdiction
HAMBLEN
Zoning & alternative use
I1 · Morristown, TN
Zoning I1 · permitted uses
I1 · 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
1967
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
4
Units
1
Rooms
1
Bathrooms
6
Lot
51.01 ac
Current owner
From public records · entity-resolved
Chanan LLC
Entity
Mailing address
1500 DUNCAN RD, KNOXVILLE, TN 37919-8631
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
Sep 19, 2025
—
Chanan LLC
—
Deed
related
$1,716,000 · Home Federal Bank Of Tennessee Fsb
Jan 4, 2023
$800,000
Chanan LLC
Jolley Investments LLC
Warranty Deed
$750,000 · Jolley Investments LLC
Sep 7, 2006
$659,450
Jolley Rock Investments LLC
Intercontinental Polymers INC
Warranty Deed
$3,000,000 · Jefferson Federal Bank
—
—
Jolley Rock Investment LLC
—
Deed Of Trust
related
$1,900,000 · Jefferson Federal 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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