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Property profile & analytics
OFF-MARKET
Auto shops
5218 Morris Blvd Morristown, TN 37813-1055
Individually Owned
15-yr Hold
~
Est. High Equity
Property ID
US80-0711674
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1982
Construction
WOOD
Total area
3,000 SF
Lot
0.65 ac (28,314 SF)
APN
032026 10702
UPID
US80-0711674
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
-
Wayne's Auto Trim Auto Repair Shop
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
William H Martin III · 15 yrs held
William H Martin III
since 2011
6 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 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
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
$51,800
Assessed 2023
Previous assessed
$51,800
+0.0% YoY
Assessed land
$18,040
Assessed improvement
$33,760
Land market value
$45,100
Improvement market value
$84,400
Total market value
$129,500
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1982
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
1
Rooms
1
Bathrooms
1
Total area
3,000 SF
Lot
0.65 ac (28,314 SF)
APN
032026 10702
UPID
US80-0711674
Jurisdiction
HAMBLEN
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
1982
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
1
Bathrooms
1
Lot
0.65 ac
Current owner
From public records · entity-resolved
William H Martin III
Individual
Mailing address
5218 E MORRIS BLVD, MORRISTOWN, TN 37813-1055
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2011
$80,000
William H Martin III
Greene,e Roger & Susan
Warranty Deed
$434,000 · Citizens Federal Bank Fsb
Jul 22, 1997
—
Richard Self
Unknown
Grant Deed
$110,000 · Jefferson Federal Savings
Apr 18, 1996
—
Richard Wayne Self
Unknown
Grant Deed
$60,000 · Jefferson Federal Savings
Nov 4, 1992
$5,000
Joseph Snowden
Unknown
Grant Deed
—
Dec 9, 1991
$58,000
Self Richard Wayne
Unknown,
Grant Deed
—
Jul 1, 1988
$51,500
Joseph C Snowden
Unknown,
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.
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