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Property profile & analytics
OFF-MARKET
Estimated value
$830,000
Warehouses
718 Airport Rd Gallatin, TN 37066-4900
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-1176418
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1979
Total area
7,500 SF
Lot
0.91 ac (39,640 SF)
Zoning code
IR
APN
083112 09400
UPID
US80-1176418
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
-
On The Road Coach LLC Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.09M
CAP Approach
CAP
$925k
Comparable Approach
Comparable
$539k
Blend (final)
Blend
$830k
Owner & transaction history
Spring Creek Investment LLC · 3 yrs held
Spring Creek Investment LLC
since 2023
Last sale
$800,000
6 recorded transactions
Zoning & alternative use
IR · Gallatin, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.1M
+17.5%
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 Gallatin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gallatin 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
$1,090,000
CAP Approach
CAP Return
Estimation
6%
$1,005,000
6.5%
$925,000
7%
$860,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$970,000
Current use
RETAIL STORES
$1,135,000
Change: +18% · Conversion: Moderate
Blend value · Realmo final
$830k
Range $747k – $913k · ±10% · vs last sale $800k (Feb 13 2023)
Last sale anchor
$800k
Feb 13 2023
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
$111 / 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
$1,929
Tax year 2023
Assessed value
$63,200
Assessed 2023
Previous assessed
$63,200
+0.0% YoY
Effective rate
3.05%
On assessed value
Assessed land
$25,760
Assessed improvement
$37,440
Land market value
$64,400
Improvement market value
$93,600
Total market value
$158,000
Applied tax rate
83.0000
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
1979
Heating
YES
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
2
Total area
7,500 SF
Lot
0.91 ac (39,640 SF)
Zoning code
IR
APN
083112 09400
UPID
US80-1176418
Jurisdiction
SUMNER
Zoning & alternative use
IR · Gallatin, TN
Zoning IR · permitted uses
IR · Gallatin, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gallatin. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$970,000
RETAIL STORES
Est. value
$1.1M
WAREHOUSE, STORAGE Current
RETAIL STORES
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
1979
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
0.91 ac
Current owner
From public records · entity-resolved
Spring Creek Investment LLC
Entity
Mailing address
PO BOX 492, GALLATIN, TN 37066-0492
Ownership since
2023
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
Jun 27, 2024
—
Spring Creek Investment LLC
—
Deed
related
$725,000 · Sonata Bank
Feb 13, 2023
$800,000
Spring Creek Investment LLC
James Robert Ramsey
Warranty Deed
$830,000 · Security Bank & Trust
May 20, 2019
$80,000
Bcr Properties LLC
Ramsey,james R
Warranty Deed
—
Jan 13, 2016
$40,000
Bcr Properties LLC
Ramsey,james R
Warranty Deed
—
Apr 9, 2008
$239,260
James R Ramsey
Barnes,marilyn R
Warranty Deed
$253,095 · Commerce Union Bank
—
—
James R Ramsey
—
Deed Of Trust
related
$225,000 · Wilson Bank & Trust
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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