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Property profile & analytics
OFF-MARKET
Estimated value
$2,030,000
Manufacturing properties
811 Mayberry Spgs Rd Columbia, TN 38401-9346
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-1403475
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2007
Construction
FRAME
Total area
19,950 SF
Lot
10.08 ac (439,085 SF)
Zoning code
IG
APN
060101 03404
UPID
US80-1403475
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
$2.17M
CAP Approach
CAP
$1.99M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.03M
Owner & transaction history
Hoover Property Knoxville LLC · 2 yrs held
Hoover Property Knoxville LLC
since 2023
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
IG · Columbia, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$3.2M
+281.5%
Restaurant
$2.3M
+172.7%
Medical building
$2.2M
+161.8%
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 Columbia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Columbia 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
$2,030,000
ML approach
$2,170,000
CAP Approach
CAP Return
Estimation
6%
$2,160,000
6.5%
$1,990,000
7%
$1,850,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,200,000
Change: +282% · Conversion: Difficult
RESTAURANT
$2,285,000
Change: +173% · Conversion: Difficult
MEDICAL BUILDING
$2,195,000
Change: +162% · Conversion: Difficult
RETAIL STORES
$1,715,000
Change: +104% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,640,000
Change: +96% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,560,000
Change: +86% · Conversion: Difficult
Blend value · Realmo final
$2.03M
Range $1.83M – $2.23M · ±10% · vs last sale $2.05M (Aug 10 2023)
Last sale anchor
$2.05M
Aug 10 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
$102 / 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
$12,009
Tax year 2023
Assessed value
$439,040
Assessed 2023
Previous assessed
$439,040
+0.0% YoY
Effective rate
2.74%
On assessed value
Assessed land
$120,560
Assessed improvement
$318,480
Land market value
$301,400
Improvement market value
$796,200
Total market value
$1,097,600
Applied tax rate
60.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2007
Construction
FRAME
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Bathrooms
2
Total area
19,950 SF
Lot
10.08 ac (439,085 SF)
Zoning code
IG
APN
060101 03404
UPID
US80-1403475
Jurisdiction
MAURY
Zoning & alternative use
IG · Columbia, TN
Zoning IG · permitted uses
IG · Columbia, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Columbia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.2M
RESTAURANT
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$2.2M
RETAIL STORES
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (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
2007
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
10.08 ac
Current owner
From public records · entity-resolved
Hoover Property Knoxville LLC
Entity
Mailing address
PO BOX 280019, TAMPA, FL 33682-0019
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2023
$2,048,000
Hoover Property Knoxville LLC
Office Furniture Concepts LLC
Warranty Deed
$4,190,000 · Fidelity Bank NA
May 5, 2016
$980,000
Office Furniture Concepts LLC
Jade Industries INC
Grant Deed
$784,000 · Fifth Third Bk
Sep 19, 2011
—
Jade Industries INC
—
Deed Of Trust
related
$1,888,465 · Heritage Bank
Feb 3, 2009
—
Jade Industries INC
—
Trustees Deed
related
$115,000 · Heritage Bank
Jul 17, 2008
—
Jade Industries INC
—
Trustees Deed
related
$115,000 · Heritage Bank
Jan 4, 2007
$257,040
Jade Industries INC
Cmw Properties LLC
Warranty Deed
$1,200,000 · Heritage Bank
Mar 2, 2001
—
Cmw Properties LLC
Langsdon Real E
Trustees Deed
related
—
May 7, 1992
$950,000
Real Estate Langsdon
Unknown
Grant Deed
—
—
—
Jade Industries INC
—
Deed Of Trust
related
$1,200,000 · Heritage Bank
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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