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Property profile & analytics
OFF-MARKET
Estimated value
$7,170,000
Warehouses
635 Old Hickory Blvd Old Hickory, TN 37138-3162
Entity Owned
24-yr Hold
~
Est. High Equity
Property ID
US80-1159200
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1991
Total area
66,448 SF
Lot
5 ac (217,800 SF)
Zoning code
IWD
APN
044-00-0-040-00
UPID
US80-1159200
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
-
Wise Manufacturing Inc./Tradeshow Floors Industrial Manufacturer Production Facility
-
Wise Manufacturing, Inc. Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.10M
Blend (final)
Blend
$7.17M
Owner & transaction history
Wise Industries INC · 24 yrs held
Wise Industries INC
since 2002
7 recorded transactions
Zoning & alternative use
IWD · Old Hickory, 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 Old Hickory submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Old Hickory 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
Blend value · Realmo final
$7.17M
Range $6.45M – $7.89M · ±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
$108 / 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
$62,271
Tax year 2023
Assessed value
$2,131,120
Assessed 2023
Previous assessed
$2,131,120
+0.0% YoY
Effective rate
2.92%
On assessed value
Assessed land
$288,000
Assessed improvement
$1,843,120
Land market value
$720,000
Improvement market value
$4,607,800
Total market value
$5,327,800
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
1991
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
66,448 SF
Lot
5 ac (217,800 SF)
Zoning code
IWD
APN
044-00-0-040-00
UPID
US80-1159200
Jurisdiction
DAVIDSON
Zoning & alternative use
IWD · Old Hickory, TN
Zoning IWD · permitted uses
IWD · Old Hickory, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Old Hickory. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1991
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
5 ac
Current owner
From public records · entity-resolved
Wise Industries INC
Entity
Mailing address
PO BOX 149, OLD HICKORY, TN 37138-0149
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 19, 2025
—
Wise Industries INC
—
Deed
related
$7,235,000 · Legends Bank
Feb 13, 2020
—
Wise Industries INC
—
Deed
related
$3,096,030 · Wilson Bk&tr
Dec 30, 2005
—
Wise Industries INC
—
Deed Of Trust
related
$12,000,000 · Bank Of America
May 13, 2002
$2,800,000
Wise Industries INC
Jtrr Properties LLC
Grant Deed
$4,845,000 · Union Planters National Bank
Dec 18, 1990
$275,000
Jtrr Properties
Unknown
Grant Deed
—
—
—
Wise Industries INC
—
Deed Of Trust
related
$2,350,000 · First Advantage Bk
—
—
Wise Industries INC
—
Deed Of Trust
related
$3,096,030 · Wilson Bk&tr
—
—
Wise Industries INC
—
Deed Of Trust
related
$1,400,000 · Wilson Bk&tr
—
—
Wise Industries INC
—
Deed Of Trust
related
$4,845,000 · Union Planters National Bank
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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