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Property profile & analytics
OFF-MARKET
Estimated value
$1,200,000
Manufacturing properties
756 Airport Rd, Waverly, TN 37185-3065
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US80-1590035
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2009
Construction
FRAME
Total area
34,423 SF
Lot
7.01 ac (305,356 SF)
APN
043054 00111
UPID
US80-1590035
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
-
Tru-Fit Products General Contractor
-
Mathias Metal Systems Metal Fabrication Plant Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.48M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.20M
Owner & transaction history
Mathias Metal Systems LLC · 5 yrs held
Mathias Metal Systems LLC
since 2021
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Waverly submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waverly 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
$1,235,000
ML approach
$1,480,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,730,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$1.20M
Range $1.08M – $1.32M · ±10% · vs last sale $1.18M (Apr 13 2021)
Last sale anchor
$1.18M
Apr 13 2021
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
$35 / 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
$14,898
Tax year 2023
Assessed value
$488,840
Assessed 2023
Previous assessed
$422,720
+15.6% YoY
Effective rate
3.05%
On assessed value
Assessed land
$16,840
Assessed improvement
$472,000
Land market value
$42,100
Improvement market value
$1,180,000
Total market value
$1,222,100
Applied tax rate
43.0000
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
2009
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
4
Total area
34,423 SF
Lot
7.01 ac (305,356 SF)
APN
043054 00111
UPID
US80-1590035
Jurisdiction
HUMPHREYS
Zoning & alternative use
Zoning · permitted uses
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
WAREHOUSE, STORAGE
Est. value
$1.7M
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
2009
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
4
Lot
7.01 ac
Current owner
From public records · entity-resolved
Mathias Metal Systems LLC
Entity
Mailing address
PO BOX 201, WAVERLY, TN 37185-0201
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 7, 2023
—
Mbt Systems LLC
—
Deed
related
$911,000 · Smartbank
Apr 13, 2021
—
Mathias Metal Systems LLC
Mathias Properties LLC
Quit Claim Deed
related
$771,000 · Smartbank
Jan 10, 2019
—
Mathias Properties LLC
—
Trustees Deed
related
$800,000 · Firstbank
Apr 5, 2018
—
Mathias Properties LLC
—
Deed
related
$700,000 · Insbank
Aug 28, 2008
—
Mathias Properties LLC
City Of Waverly Tennessee
Quit Claim Deed
related
—
Nov 26, 2007
$14,500
Mathias Properties LLC
Clark,gary
Warranty Deed
—
—
—
Mathias Properties LLC
—
Deed Of Trust
related
$700,000 · Insbank
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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