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Property profile & analytics
OFF-MARKET
Estimated value
$1,750,000
Industrial properties
7375 Adriane Pl, Bartlett, TN 38133-8958
Individually Owned
1-yr Hold
Free & Clear
Property ID
US80-1998679
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
1994
Total area
22,856 SF
Lot
1.69 ac (73,399 SF)
Zoning code
I-O
APN
B01-58J- -A-00004
UPID
US80-1998679
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
$1.61M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.41M
Blend (final)
Blend
$1.75M
Owner & transaction history
Royce Carville · 1 yrs held
Royce Carville
since 2025
Last sale
$2.1M
5 recorded transactions
Zoning & alternative use
I-O · Bartlett, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.7M
+190.6%
Auto repair, garage
$2.2M
+136.2%
Apartment house (5+ units)
$2.0M
+116.7%
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 Bartlett submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bartlett 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
$1,540,000
ML approach
$1,605,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,725,000
Change: +191% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,215,000
Change: +136% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,035,000
Change: +117% · Conversion: Difficult
RETAIL STORES
$1,895,000
Change: +102% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,680,000
Change: +79% · Conversion: Difficult
Blend value · Realmo final
$1.75M
Range $1.58M – $1.93M · ±10% · vs last sale $2.09M (Mar 17 2025)
Last sale anchor
$2.09M
Mar 17 2025
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
$77 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$26,986
Tax year 2022
Assessed value
$796,040
Assessed 2023
Previous assessed
$796,040
+0.0% YoY
Effective rate
3.39%
On assessed value
Assessed land
$100,800
Assessed improvement
$695,240
Land market value
$252,000
Improvement market value
$1,738,100
Total market value
$1,990,100
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
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
Off-Market
Year built
1994
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
22,856 SF
Lot
1.69 ac (73,399 SF)
Zoning code
I-O
APN
B01-58J- -A-00004
UPID
US80-1998679
Jurisdiction
SHELBY
Zoning & alternative use
I-O · Bartlett, TN
Zoning I-O · permitted uses
I-O · Bartlett, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bartlett. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
RETAIL STORES
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1994
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
1.69 ac
Current owner
From public records · entity-resolved
Royce Carville
Individual
Free & Clear · 1 yrs held
Mailing address
7375 ADRIANE PL STE #2, BARTLETT, TN 38133-8958
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2025
$2,093,023
Royce Carville
Hypertech Vehicular Performance INC
Warranty Deed
—
Mar 21, 2024
—
Hypertech INC
—
Deed
related
$600,000 · SR Holdings LLC
Mar 5, 2020
$1,900,000
Hypertech Vehicular Performanc
International Technology Compl
Warranty Deed
$1,657,500 · First Horizon Bk
Nov 28, 2000
—
International Technology Compl
Johnson,roger E
Quit Claim Deed
related
—
Nov 17, 2000
—
Roger E Johnson
International Technology Compl
Quit Claim Deed
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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