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Property profile & analytics
OFF-MARKET
Estimated value
$17,975,000
Warehouses
621 Muci Dr Antioch, TN 37013-4897
Entity Owned
23-yr Hold
~
Est. High Equity
Property ID
US80-1240916
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2003
Total area
116,054 SF
Lot
22.12 ac (963,547 SF)
Zoning code
CS
APN
183-00-0-041-00
UPID
US80-1240916
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
-
Family Leisure Inground Pools General Contractor
-
Family Leisure Nashville General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$17.81M
Comparable Approach
Comparable
$22.61M
Blend (final)
Blend
$17.98M
Owner & transaction history
Michael Properties LLC · 23 yrs held
Michael Properties LLC
since 2002
7 recorded transactions
Zoning & alternative use
CS · Antioch, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$29.6M
+50.8%
Office building
$29.3M
+49.5%
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 Antioch submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Antioch 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%
$19,295,000
6.5%
$17,810,000
7%
$16,540,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$19,625,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$29,585,000
Change: +51% · Conversion: Moderate
OFFICE BUILDING
$29,335,000
Change: +49% · Conversion: Difficult
Blend value · Realmo final
$17.98M
Range $16.18M – $19.77M · ±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
$155 / 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
$196,993
Tax year 2023
Assessed value
$6,741,720
Assessed 2023
Previous assessed
$6,741,720
+0.0% YoY
Effective rate
2.92%
On assessed value
Assessed land
$1,545,720
Assessed improvement
$5,196,000
Land market value
$3,864,300
Improvement market value
$12,990,000
Total market value
$16,854,300
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2003
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
116,054 SF
Lot
22.12 ac (963,547 SF)
Zoning code
CS
APN
183-00-0-041-00
UPID
US80-1240916
Jurisdiction
DAVIDSON
Zoning & alternative use
CS · Antioch, TN
Zoning CS · permitted uses
CS · Antioch, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Antioch. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$19.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$29.6M
OFFICE BUILDING
Est. value
$29.3M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE 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
2003
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
22.12 ac
Current owner
From public records · entity-resolved
Michael Properties LLC
Entity
Mailing address
621 MUCI DR, ANTIOCH, TN 37013-4897
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2025
—
Michael Properties LLC
—
Deed
related
$650,000 · Firstbank
Oct 3, 2019
—
Michael Properties LLC
—
Deed
related
$2,957,810 · Franklin Synergy Bk
Dec 14, 2018
—
Michael Properties LLC
—
Deed
related
$2,000,000 · Franklin Synergy Bk
Oct 30, 2018
—
Michael Properties LLC
—
Deed
related
$1,000,000 · Franklin Synergy Bank
Sep 6, 2016
—
Michael Properties LLC
—
Deed
related
$2,700,000 · Synovus Bk
Nov 30, 2011
—
Michael Properties LLC
—
Deed Of Trust
related
$3,550,000 · Fifth Third Bank
Sep 13, 2002
—
Michael Properties LLC
James,charles M & Dayna
Quit Claim Deed
related
$5,355,000 · First Tennessee Bank National
Jun 22, 2000
$600,000
Charles M James
Southwood Joint Venture
Grant Deed
$400,000 · First Tennessee Bank National
—
—
Michael Properties LLC
—
Loan Modification
related
$2,000,000 · Franklin Synergy Bk
—
—
Michael Properties LLC
—
Loan Modification
related
$2,957,810 · Franklin Synergy Bk
—
—
Michael Properties LLC
—
Deed Of Trust
related
$2,700,000 · Synovus 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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