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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Warehouses
601 School St Morrison, TN 37357-6511
Individually Owned
~
Est. High Equity
Property ID
US80-1058964
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1950
Construction
FRAME
Total area
59,589 SF
Lot
6 ac (261,360 SF)
APN
089101 00901
UPID
US80-1058964
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
-
The Elementary Fitness Center, & Events Family Recreation Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$530k
Owner & transaction history
Coptic Orthodox Patriarchate Dioces
Coptic Orthodox Patriarchate Dioces
since 2026
7 recorded transactions
Zoning & alternative use
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 Morrison submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morrison 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
$3,190,000
Current use
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$9 / 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
$664,120
Assessed 2023
Previous assessed
$649,880
+2.2% YoY
Assessed land
$12,960
Assessed improvement
$651,160
Land market value
$32,400
Improvement market value
$1,627,900
Total market value
$1,660,300
Applied tax rate
89.0000
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
1950
Construction
FRAME
Heating
NONE
Stories
1
Total area
59,589 SF
Lot
6 ac (261,360 SF)
APN
089101 00901
UPID
US80-1058964
Jurisdiction
WARREN
Zoning & alternative use
Zoning · permitted uses
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
$3.2M
WAREHOUSE, STORAGE Current
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
1950
Construction
FRAME
Heating
NONE
Stories
1
Lot
6 ac
Current owner
From public records · entity-resolved
Coptic Orthodox Patriarchate Dioces
Individual
Mailing address
PO BOX 368, MORRISON, TN 37357-0368
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2026
$3,600,000
Coptic Orthodox Patriarchate Dioces
Dwayne D Doud
Warranty Deed
—
May 3, 2024
—
Dwayne D Doud
—
Deed
related
$800,000 · Homeland Community Bank
Mar 2, 2023
—
Dwayne D Doud
—
Deed
related
$250,000 · Homeland Community Bank
Oct 31, 2019
—
Dwayne D Doud
—
Deed
related
$600,000 · Homeland Cmnty Bk
Apr 30, 2019
—
Dwayne D Doud
—
Deed
related
$800,000 · Homeland Cmnty Bk
Nov 30, 2018
$270,000
Dwayne D Doud
Monica M Saine
Warranty Deed
$272,790 · Homeland Cmnty Bk
Jul 18, 2018
$19,000
Elam James JR.
Saine,monica M & Steven N
Warranty Deed
—
Sep 9, 2016
—
Billie J Medley
—
Deed
related
$100,000 · Homeland Cmnty Bk
Jun 27, 2016
$125,100
Monica M Saine
Medley,billy J & Laura F
Warranty Deed
—
Apr 14, 2015
$127,500
Billie J Medley
Warren County Board Of Education
Warranty Deed
—
—
—
Dwayne D Doud
—
Deed Of Trust
related
$800,000 · Homeland Cmnty Bk
—
—
Billie J Medley
—
Deed Of Trust
related
$100,000 · Homeland Cmnty Bk
—
—
Dwayne D Doud
—
Loan Modification, Consolidation And Extension
related
$600,000 · Homeland Cmnty Bk
—
—
Billie J Medley
—
Deed Of Trust
related
$100,000 · Homeland Cmnty Bk
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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