Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,855,000
Warehouses
530 Hwy 57 Piperton, TN 38017-5214
Individually Owned
1-yr Hold
Free & Clear
Property ID
US80-1899285
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1996
Construction
FRAME
Total area
12,096 SF
Lot
2.77 ac (120,661 SF)
Zoning code
M1
APN
024164 11303
UPID
US80-1899285
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
$1.93M
CAP Approach
CAP
$2.37M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.86M
Owner & transaction history
Thomas Green III · 1 yrs held
Thomas Green III
since 2024
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
M1 · Piperton, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.8M
+114.4%
Retail stores
$1.5M
+80.0%
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 Piperton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Piperton 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
$1,965,000
ML approach
$1,925,000
CAP Approach
CAP Return
Estimation
6%
$2,565,000
6.5%
$2,370,000
7%
$2,200,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,760,000
Change: +114% · Conversion: Difficult
RETAIL STORES
$1,480,000
Change: +80% · Conversion: Moderate
Blend value · Realmo final
$1.86M
Range $1.67M – $2.04M · ±10% · vs last sale $1.77M (Dec 12 2022)
Last sale anchor
$1.77M
Dec 12 2022
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
$153 / 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
$216,200
Assessed 2023
Previous assessed
$135,600
+59.4% YoY
Assessed land
$120,680
Assessed improvement
$95,520
Land market value
$301,700
Improvement market value
$238,800
Total market value
$540,500
Applied tax rate
24.0000
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
1996
Construction
FRAME
Heating
YES
Stories
1
Units
1
Bathrooms
1
Total area
12,096 SF
Lot
2.77 ac (120,661 SF)
Zoning code
M1
APN
024164 11303
UPID
US80-1899285
Jurisdiction
FAYETTE
Zoning & alternative use
M1 · Piperton, TN
Zoning M1 · permitted uses
M1 · Piperton, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Piperton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$1.8M
RETAIL STORES
Est. value
$1.5M
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1996
Construction
FRAME
Heating
YES
Stories
1
Units
1
Bathrooms
1
Lot
2.77 ac
Current owner
From public records · entity-resolved
Thomas Green III
Individual
Free & Clear · 1 yrs held
Mailing address
2138 SUNSET RD N, GERMANTOWN, TN 38138-4529
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2025
—
Piperton Group Investors INC
—
Deed
related
$96,179 · First Security Bank
Jul 30, 2024
—
Thomas Green III
Tom Green III
Intrafamily Transfer
related
—
Dec 12, 2022
$1,770,000
Piperton Group Investors INC
Green Family Realty Partnership
Warranty Deed
$937,642 · First Security Bank
Dec 12, 2022
—
Piperton Group Investors INC
Green Family Realty Partnership
Quit Claim Deed
related
—
Apr 5, 2011
$495,000
Tom Green III
First Sec Bk
Grant Deed
$425,688 · First Security Bank
Mar 22, 2011
$495,000
First Sec Bk
Armisted,hugh H
Trustees Deed
related
—
Apr 17, 2008
—
Brad Spence
—
Trustees Deed
related
$132,000 · First Security Bank
Feb 11, 2003
$10,350
State Of Tennessee
Spence,b Etal
Grant Deed
—
Feb 27, 1990
$29,000
Michael H Lorenz
Unknown
Grant Deed
—
—
—
Brad Spence
—
Deed Of Trust
related
$350,000 · First Security Bank
—
—
Brad Spence
—
Deed Of Trust
related
$523,500 · First Security 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.
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 530 Hwy 57?
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.
