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Property profile & analytics
FOR SALE
Commercial real estate
5830 Highway 231 South Castalian Springs, TN 37031
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US80-0989686
For Sale
1 / 59
$3,289,000
5830 Highway 231 South, Castalian Springs, TN 37031
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Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2002
Total area
30,625 SF
Lot
6.6 ac (287,496 SF)
Zoning code
A1
APN
085029 02608
UPID
US80-0989686
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
$760k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$760k
Owner & transaction history
Thomas H Pitts JR · 1 yrs held
Thomas H Pitts JR
since 2025
Last sale
$760,000
7 recorded transactions
Zoning & alternative use
A1 · Castalian Springs, TN
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 Castalian Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Castalian Springs 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
$760,000
ML approach
$760,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$760k
Range $684k – $836k · ±10% · vs last sale $760k (Apr 22 2024)
Last sale anchor
$760k
Apr 22 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
$25 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$7,010
Tax year 2023
Assessed value
$359,840
Assessed 2023
Previous assessed
$359,840
+0.0% YoY
Effective rate
1.95%
On assessed value
Assessed land
$64,960
Assessed improvement
$294,880
Land market value
$162,400
Improvement market value
$737,200
Total market value
$899,600
Applied tax rate
85.0000
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
For Sale
Year built
2002
Heating
NONE
Stories
1
Total area
30,625 SF
Lot
6.6 ac (287,496 SF)
Zoning code
A1
APN
085029 02608
UPID
US80-0989686
Jurisdiction
TROUSDALE
Zoning & alternative use
A1 · Castalian Springs, TN
Zoning A1 · permitted uses
A1 · Castalian Springs, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Castalian Springs. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2002
Heating
NONE
Stories
1
Lot
6.6 ac
Current owner
From public records · entity-resolved
Thomas H Pitts JR
Individual
Free & Clear · 1 yrs held
Mailing address
624 COPPER RDG TRL, ANTIOCH, TN 37013-4233
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2025
—
Thomas H Pitts JR
Harlee Properties LLC
Quitclaim Deed
related
—
Apr 22, 2024
$760,000
Innovation Construction Co INC
Harlee Properties LLC
Warranty Deed
—
Oct 20, 2020
—
Harless Properties LLC
Thomas H Pitts JR
Quit Claim Deed
related
$1,200,000 · Banktennessee
Jun 4, 2019
$575,000
Thomas Pitts
Wallace Mitchell
Warranty Deed
—
Feb 8, 2006
—
Wallace P Mitchell
—
Trustees Deed
related
$350,000 · Regions Bank
Nov 9, 2005
$200,000
Wallace Mitchell
Gregory,ron E
Warranty Deed
—
Nov 9, 2005
$300,000
Wallace Mitchell
Gregory,ron E
Warranty Deed
—
Jun 9, 1995
$40,000
Tim Driver
Bachman,james H
Grant Deed
—
Mar 7, 1989
$24,500
James H Bachman
Unknown
Grant Deed
—
Aug 19, 1988
$16,600
Thomas H White
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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