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Property profile & analytics
OFF-MARKET
Estimated value
$3,055,000
Warehouses
58 Elliot Power Dr Lexington, TN 38351-4751
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US80-1039384
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1998
Construction
FRAME
Total area
55,124 SF
Lot
8.11 ac (353,272 SF)
Zoning code
M2
APN
039051 03311
UPID
US80-1039384
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
-
S BRAVO SYSTEM Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.06M
Blend (final)
Blend
$3.06M
Owner & transaction history
Sp Bravo LLC · 1 yrs held
Sp Bravo LLC
since 2024
7 recorded transactions
Zoning & alternative use
M2 · Lexington, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
zoning ordinance
Top alternative use upside
Retail stores
$5.0M
+63.0%
Auto repair, garage
$4.7M
+54.6%
Restaurant
$3.6M
+18.2%
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 Lexington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lexington 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,055,000
Current use
RETAIL STORES
$4,980,000
Change: +63% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,725,000
Change: +55% · Conversion: Easy
RESTAURANT
$3,615,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$3.06M
Range $2.75M – $3.36M · ±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
$55 / 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
Land market value
$60,800
Improvement market value
$1,519,500
Total market value
$1,580,300
Applied tax rate
39.0000
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
1998
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
2
Total area
55,124 SF
Lot
8.11 ac (353,272 SF)
Zoning code
M2
APN
039051 03311
UPID
US80-1039384
Jurisdiction
HENDERSON
Zoning & alternative use
M2 · Lexington, TNZoning M2 · permitted uses
M2 · Lexington, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
zoning ordinance
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.1M
RETAIL STORES
Est. value
$5.0M
AUTO REPAIR, GARAGE
Est. value
$4.7M
RESTAURANT
Est. value
$3.6M
WAREHOUSE, STORAGE Current
RETAIL STORES
AUTO REPAIR, GARAGE
RESTAURANT
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
1998
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
8.11 ac
Current owner
From public records · entity-resolved
Sp Bravo LLC
Entity
Mailing address
33 1ST ST, LEXINGTON, TN 38351-4201
Mailing matches property
Yes
Owner-occupied
Yes
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
Oct 4, 2024
—
Sp Bravo LLC
—
Deed
related
$2,145,000 · Velocitysba LLC
Aug 19, 2024
$1,600,000
Sp Bravo LLC
City Of Lexington
Special Warranty Deed
$1,055,393 · Firstbank
Mar 4, 2019
—
Industrial Dev Board Of The Ci
—
Deed
related
$1,280,000 · Firstbank
Dec 6, 2017
$1,600,000
Industrial Dev Board Of City & Lexi
Reeves Bros Investments LLC
Warranty Deed
$1,611,407 · Firstbank
Dec 6, 2017
—
Reeves Bros Investments LLC
Industrial Dev Board Of City/lexi
Grant Deed
related
—
Dec 7, 2011
$4,000
Reeves Brothers Investments
Industrial Dev Board Of City/lexi
Warranty Deed
—
—
—
Industrial Dev Board Of The Ci
—
Deed Of Trust
related
$1,280,000 · Firstbank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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