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Property profile & analytics
OFF-MARKET
Estimated value
$1,255,000
Manufacturing properties
677 Old Lowr Riv NE Rd Charleston, TN 37310-6667
Entity Owned
2-yr Hold
Free & Clear
Property ID
US80-1884215
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
18,404 SF
Lot
11.73 ac (510,959 SF)
Zoning code
C1
APN
010 009.03 000
UPID
US80-1884215
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
$1.26M
CAP Approach
CAP
$1.50M
Comparable Approach
Comparable
$1.28M
Blend (final)
Blend
$1.26M
Owner & transaction history
Heritage Land LLC · 2 yrs held
Heritage Land LLC
since 2024
Last sale
$1.3M
6 recorded transactions
Zoning & alternative use
C1 · Charleston, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.6M
+67.7%
Auto repair, garage
$1.3M
+39.8%
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 Charleston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Charleston 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
$1,255,000
ML approach
$1,255,000
CAP Approach
CAP Return
Estimation
6%
$1,620,000
6.5%
$1,495,000
7%
$1,390,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$935,000
Current use
RETAIL STORES
$1,570,000
Change: +68% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,310,000
Change: +40% · Conversion: Easy
WAREHOUSE, STORAGE
$935,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$1.26M
Range $1.13M – $1.38M · ±10% · vs last sale $1.26M (Jan 18 2024)
Last sale anchor
$1.26M
Jan 18 2024
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
$68 / 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
$8,018
Tax year 2023
Assessed value
$447,120
Assessed 2023
Previous assessed
$447,120
+0.0% YoY
Effective rate
1.79%
On assessed value
Assessed land
$125,280
Assessed improvement
$321,840
Land market value
$313,200
Improvement market value
$804,600
Total market value
$1,117,800
Applied tax rate
6.0000
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
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Rooms
1
Bathrooms
9
Total area
18,404 SF
Lot
11.73 ac (510,959 SF)
Zoning code
C1
APN
010 009.03 000
UPID
US80-1884215
Jurisdiction
BRADLEY
Zoning & alternative use
C1 · Charleston, TNZoning C1 · permitted uses
C1 · Charleston, 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
INDUSTRIAL (GENERAL) Current
Est. value
$935,000
RETAIL STORES
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$935,000
INDUSTRIAL (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
1
Bathrooms
9
Lot
11.73 ac
Current owner
From public records · entity-resolved
Heritage Land LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1500 LAUDERDALE MEMORIAL HWY NW, CHARLESTON, TN 37310-6641
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 18, 2024
$1,255,000
Heritage Land LLC
677 Old Lower River Road LLC
Warranty Deed
—
May 12, 2022
$1,200,000
677 Old Lower River Road LLC
Dls Properties LLC
Limited Warranty Deed
$960,000 · Prosperity Bank
Mar 11, 2019
—
Dls Properties LLC
—
Deed Of Trust
related
$2,650,000 · Southeast Bk
Apr 19, 2013
—
Dls Properties LLC
—
Grant Deed
related
$1,100,000 · First Volunteer Bank
Jan 22, 2002
$595,000
Dls Properties LLC
Fru,con T
Grant Deed
—
—
—
Dls Properties LLC
—
Deed Of Trust
related
$522,559 · First Tennessee Bank National
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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