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Property profile & analytics
OFF-MARKET
Estimated value
$4,495,000
Auto shops
5496 Andrew Johnson Hwy Morristown, TN 37814-1029
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-1203733
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
29,361 SF
Lot
3.42 ac (148,975 SF)
Zoning code
IB
APN
032048 00607
UPID
US80-1203733
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
-
Morristown Nissan Parts Auto Parts Store
-
Morristown Nissan Auto Repair Shop
-
Electric Vehicle Charging Station Electric Vehicle Charging Station
-
Morristown Nissan Service Auto Repair Shop Vehicle Inspection Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.20M
Blend (final)
Blend
$4.50M
Owner & transaction history
Morristown Real Estate Investments · 2 yrs held
Morristown Real Estate Investments
since 2023
Last sale
$5.4M
5 recorded transactions
Zoning & alternative use
IB · Morristown, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.8M
+127.7%
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
Method
Estimation
Statistic approach
$4,645,000
ML approach
$4,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,825,000
Change: +128% · Conversion: Moderate
Blend value · Realmo final
$4.50M
Range $4.05M – $4.94M · ±10% · vs last sale $5.40M (Oct 17 2023)
Last sale anchor
$5.40M
Oct 17 2023
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
$716,320
Assessed 2023
Previous assessed
$716,320
+0.0% YoY
Assessed land
$113,280
Assessed improvement
$603,040
Land market value
$283,200
Improvement market value
$1,507,600
Total market value
$1,790,800
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
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Rooms
26
Bathrooms
3
Total area
29,361 SF
Lot
3.42 ac (148,975 SF)
Zoning code
IB
APN
032048 00607
UPID
US80-1203733
Jurisdiction
HAMBLEN
Zoning & alternative use
IB · Morristown, TN
Zoning IB · permitted uses
IB · Morristown, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Morristown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$5.8M
COMMERCIAL (GENERAL)
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
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
26
Bathrooms
3
Lot
3.42 ac
Current owner
From public records · entity-resolved
Morristown Real Estate Investments
Entity
Mailing address
531 HENLEY ST STE #601, KNOXVILLE, TN 37902-2801
Ownership since
2023
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
Oct 17, 2023
$5,400,000
Morristown Real Estate Investments
Cappo Properties LLC
Warranty Deed
$4,590,000 · Pinncacle Bank
Oct 30, 2017
—
Cappo Properties LLC
—
Grant Deed
related
$4,590,000 · Nissan Motor Acceptance Corporation Nissan Motor Acceptance Corporation
Apr 17, 1991
$1,100,000
Harry I Lane
Unknown
Grant Deed
—
Apr 27, 1990
$121,000
Needham,& Huffaker
Unknown,
Grant Deed
—
—
—
Cappo Properties LLC
—
Deed Of Trust
related
$4,050,000 · Nissan Motor Acceptance Corp
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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