Back to Search
Property profile & analytics
OFF-MARKET
Warehouses
512 Independence Ave Mount Carmel, TN 37645-3946
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US80-0292972
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1977
Total area
2,236 SF
Lot
1.52 ac (66,211 SF)
Zoning code
R-1
APN
037022 01400
UPID
US80-0292972
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
-
G & M Insulation Co General Contractor
-
First Industrial Sales Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
G & M Insulation Co INC · 15 yrs held
G & M Insulation Co INC
since 2010
4 recorded transactions
Zoning & alternative use
R-1 · Mount Carmel, 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 Mount Carmel submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mount Carmel 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
—
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
$29,600
Assessed 2023
Previous assessed
$29,600
+0.0% YoY
Assessed land
$15,080
Assessed improvement
$14,520
Land market value
$37,700
Improvement market value
$36,300
Total market value
$74,000
Applied tax rate
37.0000
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
1977
Heating
FLOOR/WALL FURNACE
Stories
1
Units
1
Bathrooms
1
Total area
2,236 SF
Lot
1.52 ac (66,211 SF)
Zoning code
R-1
APN
037022 01400
UPID
US80-0292972
Jurisdiction
HAWKINS
Zoning & alternative use
R-1 · Mount Carmel, TN
Zoning R-1 · permitted uses
R-1 · Mount Carmel, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mount Carmel. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1977
Heating
FLOOR/WALL FURNACE
Stories
1
Units
1
Bathrooms
1
Lot
1.52 ac
Current owner
From public records · entity-resolved
G & M Insulation Co INC
Entity
Mailing address
PO BOX 766, CHURCH HILL, TN 37642-0766
Ownership since
2010
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
Jun 24, 2025
—
G & M Insulation INC
—
Deed
related
$50,000 · New Peoples Bank INC
Jul 28, 2010
$130,000
G & M Insulation Co INC
Burchett,gregory K & Rhenda G
Warranty Deed
$99,900 · New Peoples Bank INC
Mar 26, 2009
$125,000
Gregory K Burchett
Webb,a L & Wanda
Warranty Deed
—
Oct 4, 2001
$32,000
John Atherton
Parker,jeffrey
Grant Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 512 Independence Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
