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Property profile & analytics
OFF-MARKET
Warehouses
707 Cherokee Dr Jefferson City, TN 37760
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US80-2556747
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1930
Construction
WOOD
Total area
7,248 SF
Lot
0.12 ac (5,057 SF)
Zoning code
B-3
APN
014M E 02800
UPID
US80-2556747
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Matthew Clay · 5 yrs held
Matthew Clay
since 2021
Last sale
$50,000
4 recorded transactions
Zoning & alternative use
B-3 · Jefferson City, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is intended to establish areas that encourage the grouping of compatible business activities to reduce parking and traffic congestion along the highways.
Zone name
Highway Business District
General category
COMMERCIAL
Zone area
906.75 ac
Source
Realmo
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 Jefferson City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jefferson City 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$10,600
Assessed 2023
Previous assessed
$10,600
+0.0% YoY
Assessed land
$4,000
Assessed improvement
$6,600
Land market value
$10,000
Improvement market value
$16,500
Total market value
$26,500
Applied tax rate
45.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1930
Construction
WOOD
Heating
YES
Stories
1
Units
1
Rooms
1
Bathrooms
0
Total area
7,248 SF
Lot
0.12 ac (5,057 SF)
Zoning code
B-3
APN
014M E 02800
UPID
US80-2556747
Jurisdiction
JEFFERSON
Zoning & alternative use
B-3 · Jefferson City, TNZoning B-3 · permitted uses
B-3 · Jefferson City, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is intended to establish areas that encourage the grouping of compatible business activities to reduce parking and traffic congestion along the highways.
Zone name
Highway Business District
General category
COMMERCIAL
Zone area
906.75 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1930
Construction
WOOD
Heating
YES
Stories
1
Units
1
Rooms
1
Bathrooms
0
Lot
0.12 ac
Current owner
From public records · entity-resolved
Matthew Clay
Individual
Mailing address
2507 BOYDS CRK HWY, SEVIERVILLE, TN 37876-0241
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 5, 2021
—
Matthew Clay
Zachary Hawks
Quit Claim Deed
related
$45,416 · Spencer Hogan
May 4, 2020
$50,000
Matthew Clay
Spencer Hogan
Warranty Deed
$50,000 · Spencer Hogan
Aug 24, 2018
$27,500
Spencer Hogan
Baggett,phil M & Kathy
Warranty Deed
—
Mar 29, 1988
$15,500
Phil M Baggett
Unknown
Grant Deed
—
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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