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Property profile & analytics
OFF-MARKET
Estimated value
$1,045,000
Warehouses
7688 Hixson Pike Hixson, TN 37343-1723
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US80-2863405
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1999
Total area
14,400 SF
Lot
1.07 ac (46,609 SF)
APN
092 113.01
UPID
US80-2863405
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
$1.05M
Blend (final)
Blend
$1.05M
Owner & transaction history
Freeup Storage Hixson LLC · 3 yrs held
Freeup Storage Hixson LLC
since 2022
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 Hixson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hixson 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$990,000
Current use
INDUSTRIAL (GENERAL)
$875,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$1.05M
Range $941k – $1.15M · ±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
$73 / 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
$5,900
Tax year 2023
Assessed value
$259,200
Assessed 2023
Previous assessed
$259,200
+0.0% YoY
Effective rate
2.28%
On assessed value
Land market value
$139,800
Improvement market value
$508,200
Total market value
$648,000
Applied tax rate
3.0000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1999
Heating
NONE
Stories
1
Total area
14,400 SF
Lot
1.07 ac (46,609 SF)
APN
092 113.01
UPID
US80-2863405
Jurisdiction
HAMILTON
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 Current
Est. value
$990,000
INDUSTRIAL (GENERAL)
Est. value
$875,000
WAREHOUSE, STORAGE Current
INDUSTRIAL (GENERAL)
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
1999
Heating
NONE
Stories
1
Lot
1.07 ac
Current owner
From public records · entity-resolved
Freeup Storage Hixson LLC
Entity
Mailing address
1440 BRICKYARD RD STE #4, GOLDEN, CO 80403-8063
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 24, 2022
$13,000,000
Freeup Storage Hixson LLC
Hixson Pike Associates LLC
Special Warranty Deed
$9,300,000 · Simmons Bank
Dec 10, 2020
—
Hixson Pike Associates LLC
Gregory L Watson
Quit Claim Deed
related
$3,753,000 · Ameris Bk
Dec 10, 2020
$4,616,831
Hixson Pike Associates LLC
Gregory L Watson
Warranty Deed
—
Dec 7, 2020
—
Gregory L Watson
Todd Cooper
Quit Claim Deed
related
—
Sep 20, 2010
—
Gregory L Watson
—
Trustees Deed
related
$360,000 · First Bank Tennessee
Feb 19, 2009
$86,355
Gregory L Watson
—
Grant Deed
related
$2,056,000 · First Bank Tennessee
Dec 29, 2006
$360,000
Greg Watson
Malija Enterprises LLC
Trustees Deed
related
$249,000 · First Bank Of Tennessee
Sep 1, 2005
$390,000
Malija Enterprises LLC
Somo Enterprises
Warranty Deed
$331,500 · The Bank/first Citizens Bank
—
—
Malija Ents LLC
—
Deed Of Trust
related
$331,500 · Bank Of First Citizens
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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