Property profile

50 Jernigan Dr Somerville, TN 38068

OFF-MARKET
Warehouses
Property ID
US80-1244711
65,140 SF 5.03 ac lot Built 2000
Individually Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2000
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 65,140 SF
Lot 5.03 ac (219,107 SF)
Zoning code B2
APN 024090F C 01202
UPID US80-1244711

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Security Service

Location

50 Jernigan Dr Somerville, TN 38068-2134
Somerville metro Census 60502 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.57M
Blend (final) Blend
$685k

Owner & transaction history

since 2021
4 recorded transactions
2021
Price N/A
2020
$500,000
2018
Price N/A
1969
Price N/A

Zoning & alternative use

B2 · Somerville, TN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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