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Property profile & analytics
OFF-MARKET
Estimated value
$420,000
Commercial real estate
5482 Manchester Hwy Morrison, TN 37357-7502
Individually Owned
2-yr Hold
Free & Clear
Property ID
US80-0403277
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1975
Construction
FRAME
Total area
10,410 SF
Lot
6.47 ac (281,833 SF)
APN
089085 05003
UPID
US80-0403277
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
-
Warren Arts Foundation, Inc. Theater & Performing Art Venue
-
Warren Custom, LLC Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$420k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$420k
Owner & transaction history
Scottie Keel · 2 yrs held
Scottie Keel
since 2024
Last sale
$420,000
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 Morrison submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morrison 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
$420,000
ML approach
$420,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$420k
Range $378k – $462k · ±10% · vs last sale $420k (May 20 2024)
Last sale anchor
$420k
May 20 2024
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
$40 / 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
Land market value
$107,900
Improvement market value
$170,200
Total market value
$278,100
Applied tax rate
89.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1975
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
1
Total area
10,410 SF
Lot
6.47 ac (281,833 SF)
APN
089085 05003
UPID
US80-0403277
Jurisdiction
WARREN
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
1975
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
6.47 ac
Current owner
From public records · entity-resolved
Scottie Keel
Individual
Free & Clear · 2 yrs held
Mailing address
PO BOX 753, MCMINNVILLE, TN 37111-0753
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2024
$420,000
Scottie Keel
Warren Arts Foundation INC
Warranty Deed
—
Dec 7, 2018
$300,000
Warren Arts Foundation INC
Doud,dwayne D & Angela B
Warranty Deed
$400,000 · Homeland Cmnty Bk
Apr 7, 2015
$235,000
Dwayne D Doud
Copeland Thomas W
Warranty Deed
—
Apr 1, 2015
—
Thomas W Copeland
Copeland Judy F
Quit Claim Deed
related
—
Jul 3, 2006
—
Copeland,thomas W & Judy F
Allen,jimmy E & Donna D
Quit Claim Deed
related
$146,833 · Homeland Cmnty Bk
Dec 20, 2004
$94,924
Allen,jimmy E & Donna D
Dorris,richard A
Trustees Deed
—
Feb 18, 1991
$100,000
Jimmy E Allen
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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