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Property profile & analytics
OFF-MARKET
Estimated value
$29,725,000
Warehouses
70 Old Hickory Blvd Old Hickory, TN 37138-3159
Individually Owned
10-yr Hold
Free & Clear
Property ID
US80-1634806
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1925
Total area
192,933 SF
Lot
62.9 ac (2,739,924 SF)
Zoning code
MULTI-ZONE
APN
044-00-0-037-00
UPID
US80-1634806
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
-
Avintiv Technical Nonwovens Industrial Manufacturer Production Facility
-
Rachel Keiper Physician
-
Fiberweb Inc Shipping Company Freight Service
-
Berry plastics truck entrance Warehouse & Storage
-
Berry Global Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$29.61M
Comparable Approach
Comparable
$26.51M
Blend (final)
Blend
$29.73M
Owner & transaction history
Karl Schoenenberger · 10 yrs held
Karl Schoenenberger
since 2016
7 recorded transactions
Zoning & alternative use
MULTI-ZONE · Old Hickory, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$49.2M
+18.9%
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 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%
$32,075,000
6.5%
$29,610,000
7%
$27,495,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$41,360,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$49,185,000
Change: +19% · Conversion: Moderate
Blend value · Realmo final
$29.73M
Range $26.75M – $32.70M · ±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
$154 / 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
$324,810
Tax year 2023
Assessed value
$11,116,000
Assessed 2023
Previous assessed
$11,116,000
+0.0% YoY
Effective rate
2.92%
On assessed value
Assessed land
$1,207,680
Assessed improvement
$9,908,320
Land market value
$3,019,200
Improvement market value
$24,770,800
Total market value
$27,790,000
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
1925
Heating
CENTRAL
Cooling
CENTRAL
Buildings
17
Stories
1
Total area
192,933 SF
Lot
62.9 ac (2,739,924 SF)
Zoning code
MULTI-ZONE
APN
044-00-0-037-00
UPID
US80-1634806
Jurisdiction
DAVIDSON
Zoning & alternative use
MULTI-ZONE · Old Hickory, TN
Zoning MULTI-ZONE · permitted uses
MULTI-ZONE · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$41.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$49.2M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
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
1925
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
17
Lot
62.9 ac
Current owner
From public records · entity-resolved
Karl Schoenenberger
Individual
Free & Clear · 10 yrs held
Mailing address
PO BOX 959, EVANSVILLE, IN 47706-0959
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2023
—
Fiberweb LLC
—
Deed
related
—
Oct 13, 2021
—
Fiberweb LLC
—
Deed
related
$1,525,000 · Us Bank NA
Apr 14, 2020
—
Fiberweb LLC
—
Deed
related
$125,000,000 · Us Bank NA
Oct 21, 2019
—
Fiberweb LLC
—
Deed
related
—
Oct 18, 2019
—
Fiberweb LLC
—
Deed
related
$21,445 · Us Bank NA
May 29, 2018
—
Fiberweb LLC
—
Loan Modification
related
$500,000,000 · Us Bk
Mar 20, 2017
—
Fiberweb LLC
—
Deed
related
—
May 11, 2016
$10,000
Karl Schoenenberger
Fiberweb INC
Grant Deed
—
Jul 23, 2010
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Nov 25, 2009
—
Fiberweb INC
Us Bk National Assn
Quit Claim Deed
related
—
Nov 18, 2008
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
—
—
Fiberweb LLC
—
Loan Modification
related
$21,445 · Credit Suisse Ag
—
—
Fiberweb LLC
—
Loan Modification
related
—
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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