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Property profile & analytics
OFF-MARKET
Estimated value
$18,055,000
Warehouses
500 Red Stag Way, Sweetwater, TN 37874-5206
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US80-1204920
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2022
Construction
FRAME
Total area
714,000 SF
Lot
38.08 ac (1,658,765 SF)
APN
062014 02000
UPID
US80-1204920
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$18.06M
Owner & transaction history
Janice Davenport · 2 yrs held
Janice Davenport
since 2024
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 Sweetwater submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sweetwater 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$25 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$5,044
Tax year 2022
Assessed value
$9,674,640
Assessed 2023
Previous assessed
$139,375
+6,841.4% YoY
Effective rate
0.05%
On assessed value
Assessed land
$304,640
Assessed improvement
$9,370,000
Land market value
$761,600
Improvement market value
$23,425,000
Total market value
$24,186,600
Applied tax rate
62.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2022
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Bathrooms
2
Total area
714,000 SF
Lot
38.08 ac (1,658,765 SF)
APN
062014 02000
UPID
US80-1204920
Jurisdiction
MONROE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2022
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
2
Lot
38.08 ac
Current owner
From public records · entity-resolved
Janice Davenport
Individual
Free & Clear · 2 yrs held
Mailing address
2042 TOWN CTR BLVD #358, KNOXVILLE, TN 37922-6677
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Apr 9, 2024
$18,000
Janice Davenport
Ronald Upton
Warranty Deed
—
Mar 15, 2023
—
Cherohala Holdings LLC
Red Stag Warehousing LLC
Quitclaim Deed
related
—
May 26, 2021
$800,000
Red Stag Warehousing LLC
Copart Of Tennessee INC
Special Warranty Deed
—
May 18, 2021
$13,117
Red Stag Warehousing LLC
Marion Curtis Montooth
Warranty Deed
—
May 18, 2021
$26,235
Red Stag Warehousing LLC
Johnny F Allison
Warranty Deed
—
Mar 22, 2021
$13,275
Red Stag Warehousing LLC
Kimberly S Montooth
Warranty Deed
—
Apr 29, 2004
$700,000
Copart Of Tennessee INC
Tufano,venturo A
Grant Deed
—
Oct 4, 1993
$305,000
Venturo Andrew Tufano
Unknown,
Grant Deed
—
Jun 6, 1991
$500
Paul D Lankford
Unknown
Grant 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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