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Property profile & analytics
OFF-MARKET
Estimated value
$2,040,000
Manufacturing properties
5400 Old Millington Rd Millington, TN 38053-8304
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US80-0801594
Property profile
Verified
Property type
Manufacturing properties
Use group
MILL (FEED, GRAIN, LUMBER, TEXTILE)
Year built
1964
Total area
26,138 SF
Lot
40 ac (1,742,400 SF)
Zoning code
IH
APN
D01-36 - - -00101-C
UPID
US80-0801594
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
-
Indmar Marine Engines Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.53M
Comparable Approach
Comparable
$1.98M
Blend (final)
Blend
$2.04M
Owner & transaction history
Cc Propulsion Properties LLC · 3 yrs held
Cc Propulsion Properties LLC
since 2022
5 recorded transactions
Zoning & alternative use
IH · Millington, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.1M
+198.5%
Auto repair, garage
$2.6M
+149.7%
Retail stores
$2.4M
+124.2%
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 Millington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Millington 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,735,000
6.5%
$2,525,000
7%
$2,345,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,125,000
Change: +199% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,615,000
Change: +150% · Conversion: Easy
RETAIL STORES
$2,350,000
Change: +124% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$2,335,000
Change: +123% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,325,000
Change: +122% · Conversion: Difficult
Blend value · Realmo final
$2.04M
Range $1.84M – $2.24M · ±10%
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
$78 / 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
$44,184
Tax year 2022
Assessed value
$1,303,360
Assessed 2023
Previous assessed
$1,303,360
+0.0% YoY
Effective rate
3.39%
On assessed value
Assessed land
$109,640
Assessed improvement
$1,193,720
Land market value
$274,100
Improvement market value
$2,984,300
Total market value
$3,258,400
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
Manufacturing properties
Use group
MILL (FEED, GRAIN, LUMBER, TEXTILE)
Status
Off-Market
Year built
1964
Heating
NONE
Cooling
NONE
Buildings
3
Stories
1
Units
1
Total area
26,138 SF
Lot
40 ac (1,742,400 SF)
Zoning code
IH
APN
D01-36 - - -00101-C
UPID
US80-0801594
Jurisdiction
SHELBY
Zoning & alternative use
IH · Millington, TN
Zoning IH · permitted uses
IH · Millington, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Millington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$2.6M
RETAIL STORES
Est. value
$2.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.3M
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
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
1964
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Units
1
Lot
40 ac
Current owner
From public records · entity-resolved
Cc Propulsion Properties LLC
Entity
Free & Clear · 3 yrs held
Mailing address
14700 AEROSPACE PKWY, ORLANDO, FL 32832-7100
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2022
$3,710,000
Cc Propulsion Properties LLC
Indmar Properties LLC
Correction Deed
related
—
Sep 30, 2014
—
Indmar Properties LLC
—
Grant Deed
related
$2,500,000 · First Tn Bk
Aug 13, 2007
—
Indmar Properties LLC
Rowe,richard C SR
Quit Claim Deed
related
—
—
—
Indmar Products Co INC
—
Loan Modification
related
$2,750,000 · First Tn Bk
—
—
Indmar Properties LLC
—
Loan Modification
related
$2,750,000 · First Tn Bk
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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