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Property profile & analytics
OFF-MARKET
Estimated value
$13,730,000
Manufacturing properties
596 Industrial Park Rd Piney Flats, TN 37686-4450
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-1450511
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
142,938 SF
Lot
21.95 ac (956,142 SF)
Zoning code
M-1
APN
082124 08000
UPID
US80-1450511
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
-
Microporous LLC Chemical Plant Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.60M
CAP Approach
CAP
$14.57M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.73M
Owner & transaction history
Tennessee East Industrial LLC · 3 yrs held
Tennessee East Industrial LLC
since 2022
Last sale
$13.5M
3 recorded transactions
Zoning & alternative use
M-1 · Piney Flats, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$13.8M
+285.7%
Restaurant
$13.3M
+272.4%
Auto repair, garage
$12.1M
+237.9%
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 Piney Flats submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Piney Flats 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
$13,355,000
ML approach
$9,595,000
CAP Approach
CAP Return
Estimation
6%
$15,780,000
6.5%
$14,565,000
7%
$13,525,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$13,780,000
Change: +286% · Conversion: Difficult
RESTAURANT
$13,310,000
Change: +272% · Conversion: Difficult
AUTO REPAIR, GARAGE
$12,075,000
Change: +238% · Conversion: Easy
RETAIL STORES
$11,785,000
Change: +230% · Conversion: Moderate
MEDICAL BUILDING
$10,185,000
Change: +185% · Conversion: Difficult
Blend value · Realmo final
$13.73M
Range $12.36M – $15.10M · ±10% · vs last sale $13.50M (Aug 10 2022)
Last sale anchor
$13.50M
Aug 10 2022
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
$96 / 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
$1,521,640
Assessed 2023
Previous assessed
$1,521,640
+0.0% YoY
Assessed land
$140,560
Assessed improvement
$1,381,080
Land market value
$351,400
Improvement market value
$3,452,700
Total market value
$3,804,100
Applied tax rate
82.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Stories
1
Units
1
Bathrooms
12
Total area
142,938 SF
Lot
21.95 ac (956,142 SF)
Zoning code
M-1
APN
082124 08000
UPID
US80-1450511
Jurisdiction
SULLIVAN
Zoning & alternative use
M-1 · Piney Flats, TN
Zoning M-1 · permitted uses
M-1 · Piney Flats, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Piney Flats. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$13.8M
RESTAURANT
Est. value
$13.3M
AUTO REPAIR, GARAGE
Est. value
$12.1M
RETAIL STORES
Est. value
$11.8M
MEDICAL BUILDING
Est. value
$10.2M
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
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
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Stories
1
Units
1
Bathrooms
12
Lot
21.95 ac
Current owner
From public records · entity-resolved
Tennessee East Industrial LLC
Entity
Mailing address
1751 RIV RUN STE #200, FORT WORTH, TX 76107-6670
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2022
$13,500,000
Tennessee East Industrial LLC
Microporous LLC
Special Warranty Deed
$10,125,000 · First Horizon Bank
Jun 1, 1994
$17,108
Principle Inv Co
Unknown
Grant Deed
—
—
—
Microporous LLC
—
Deed Of Trust
related
$98,500,000 · Keybank Nat'l Assn/edgewood
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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