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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Warehouses
5900 Hwy 58 Harrison, TN 37341-9533
Individually Owned
15-yr Hold
~
Est. High Equity
Property ID
US80-0777493
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1999
Total area
6,000 SF
Lot
2 ac (87,120 SF)
Zoning code
UR
APN
121C A 010.01
UPID
US80-0777493
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$637k
Blend (final)
Blend
$635k
Owner & transaction history
Mark S Ramey · 15 yrs held
Mark S Ramey
since 2011
7 recorded transactions
Zoning & alternative use
UR · Harrison, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$920,000
+122.9%
Retail stores
$715,000
+72.6%
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 Harrison submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Harrison 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
$415,000
Current use
COMMERCIAL (GENERAL)
$920,000
Change: +123% · Conversion: Difficult
RETAIL STORES
$715,000
Change: +73% · Conversion: Moderate
Blend value · Realmo final
$635k
Range $572k – $699k · ±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
$106 / 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
$5,602
Tax year 2023
Assessed value
$250,400
Assessed 2023
Previous assessed
$250,400
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$381,400
Improvement market value
$244,600
Total market value
$626,000
Applied tax rate
1.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1999
Heating
NONE
Stories
1
Total area
6,000 SF
Lot
2 ac (87,120 SF)
Zoning code
UR
APN
121C A 010.01
UPID
US80-0777493
Jurisdiction
HAMILTON
Zoning & alternative use
UR · Harrison, TNZoning UR · permitted uses
UR · Harrison, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$415,000
COMMERCIAL (GENERAL)
Est. value
$920,000
RETAIL STORES
Est. value
$715,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
1999
Heating
NONE
Stories
1
Lot
2 ac
Current owner
From public records · entity-resolved
Mark S Ramey
Individual
Mailing address
425 COBBLESTONE CRK RD NW, CLEVELAND, TN 37312-7614
Ownership since
2011
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
Dec 17, 2020
—
Mark S Ramey
—
Deed
related
$333,166 · Millennium Bk
Apr 25, 2011
$605,000
Mark S Ramey
Trc Watersports Center LLC
Warranty Deed
$514,250 · Community Trust & Banking Co
Dec 14, 2005
$595,000
Trc Watersports Center LLC
Marineco INC
Warranty Deed
$505,750 · Regions Bank
Feb 3, 1999
$200,000
Marineco INC
Golden,gallon In
Grant Deed
—
—
—
Mark S Ramey
—
Loan Modification
related
$333,166 · Millennium Bk
—
—
Marineco INC
—
Deed Of Trust
related
$404,000 · Cornerstone Community Bank
—
—
Trc Watersports Center LLC
—
Deed Of Trust
related
$637,500 · Capitalmark Bank & Trust
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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