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Property profile & analytics
OFF-MARKET
Estimated value
$6,545,000
Mobile home & RV parks
8393 Us Hwy 51st N, Millington, TN 38053-1634
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-1980953
Property profile
Verified
Property type
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Year built
1969
Total area
2,208 SF
Lot
35.08 ac (1,528,085 SF)
Zoning code
R-6
APN
M01-15 - - -00835
UPID
US80-1980953
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
$6.45M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.55M
Owner & transaction history
Trg Flag City LLC · 4 yrs held
Trg Flag City LLC
since 2021
Last sale
$7.0M
7 recorded transactions
Zoning & alternative use
R-6 · Millington, TN
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 Millington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Millington 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
$5,720,000
ML approach
$6,450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.55M
Range $5.89M – $7.20M · ±10% · vs last sale $7.00M (Aug 23 2021)
Last sale anchor
$7.00M
Aug 23 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
$2,964 / 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
$71,436
Tax year 2022
Assessed value
$1,491,360
Assessed 2023
Previous assessed
$1,491,360
+0.0% YoY
Effective rate
4.79%
On assessed value
Assessed land
$368,480
Assessed improvement
$1,122,880
Land market value
$921,200
Improvement market value
$2,807,200
Total market value
$3,728,400
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
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Status
Off-Market
Year built
1969
Heating
NONE
Cooling
NONE
Buildings
3
Stories
1
Total area
2,208 SF
Lot
35.08 ac (1,528,085 SF)
Zoning code
R-6
APN
M01-15 - - -00835
UPID
US80-1980953
Jurisdiction
SHELBY
Zoning & alternative use
R-6 · Millington, TN
Zoning R-6 · permitted uses
R-6 · Millington, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Millington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1969
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
35.08 ac
Current owner
From public records · entity-resolved
Trg Flag City LLC
Entity
Mailing address
5429 GINGER CV DR APT C, TAMPA, FL 33634-7427
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2021
$7,000,000
Trg Flag City LLC
Jason Hutchison
Warranty Deed
$6,440,000 · Five Star Bank
Dec 30, 2020
—
Jason W Huchison
—
Deed
related
$3,856,184 · Insouth Bank
Apr 30, 2018
—
Jason W Hutchison
—
Deed
related
$4,115,452 · First Citizens Nat'l Bk
Jul 5, 2013
$3,280,000
Jason W Hutchison
Forbess Properties
Warranty Deed
$2,546,300 · Insouth Bk
—
—
Jason W Hutchison
—
Loan Modification
related
$3,426,746 · Insouth Bk
—
—
Properties Forbess
—
Deed Of Trust
related
$250,000 · Munford Union Bank
—
—
Jason W Hutchison
—
Loan Modification
related
$1,106,690 · Forbess Properties
—
—
Jason W Hutchison
—
Loan Modification
related
$4,425,936 · Insouth Bk
—
—
Jason W Hutchison
—
Deed Of Trust
related
$4,115,452 · First Citizens Nat'l Bk
—
—
Properties Forbess
—
Deed Of Trust
related
$2,600,000 · Regions 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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