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Property profile & analytics
OFF-MARKET
Estimated value
$940,000
Warehouses
825 Main St Wartburg, TN 37887
Individually Owned
21-yr Hold
Free & Clear
Property ID
US80-2319471
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1950
Total area
7,420 SF
Lot
1 ac (43,560 SF)
Zoning code
B-1
APN
065096N A 02702
UPID
US80-2319471
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
$990k
Comparable Approach
Comparable
$892k
Blend (final)
Blend
$940k
Owner & transaction history
Addie Lou Freytag · 21 yrs held
Addie Lou Freytag
since 2005
1 recorded transaction
Zoning & alternative use
B-1 · Wartburg, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
It is the intent of this district to establish an area for concentrated general commercial development that the general public requires.
Zone name
Business 1
General category
COMMERCIAL
Zone area
80.54 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$730,000
+11.5%
Retail stores
$670,000
+2.7%
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 Wartburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wartburg 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%
$1,075,000
6.5%
$990,000
7%
$920,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$655,000
Current use
COMMERCIAL (GENERAL)
$730,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$670,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$940k
Range $846k – $1.03M · ±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
$127 / 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
$1,797
Tax year 2022
Assessed value
$66,080
Assessed 2023
Previous assessed
$66,080
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$29,560
Assessed improvement
$36,520
Land market value
$73,900
Improvement market value
$91,300
Total market value
$165,200
Applied tax rate
65.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1950
Heating
CENTRAL
Stories
1
Units
1
Bathrooms
1
Total area
7,420 SF
Lot
1 ac (43,560 SF)
Zoning code
B-1
APN
065096N A 02702
UPID
US80-2319471
Jurisdiction
MORGAN
Zoning & alternative use
B-1 · Wartburg, TNZoning B-1 · permitted uses
B-1 · Wartburg, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
It is the intent of this district to establish an area for concentrated general commercial development that the general public requires.
Zone name
Business 1
General category
COMMERCIAL
Zone area
80.54 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$655,000
COMMERCIAL (GENERAL)
Est. value
$730,000
RETAIL STORES
Est. value
$670,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
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
1950
Heating
CENTRAL
Stories
1
Units
1
Bathrooms
1
Lot
1 ac
Current owner
From public records · entity-resolved
Addie Lou Freytag
Individual
Free & Clear · 21 yrs held
Mailing address
PO BOX 891, WARTBURG, TN 37887-0891
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2005
$110,000
Addie Lou Freytag
Not Provided
Deed
—
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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