Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,090,000
Warehouses
845 Florence Rd Savannah, TN 38372-3411
Entity Owned
15-yr Hold
Free & Clear
Property ID
US80-0876196
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1974
Construction
FRAME
Total area
32,152 SF
Lot
2.67 ac (116,305 SF)
Zoning code
M1
APN
036083J E 00400
UPID
US80-0876196
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
-
Savannah Noland Co. Building Supply Hardware & Home Improvement
-
Gillis Power Sports Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.09M
Owner & transaction history
Savannah Electric INC · 15 yrs held
Savannah Electric INC
since 2011
6 recorded transactions
Zoning & alternative use
M1 · Savannah, 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 Savannah submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Savannah 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$34 / 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
$5,296
Tax year 2023
Assessed value
$232,360
Assessed 2023
Previous assessed
$176,160
+31.9% YoY
Effective rate
2.28%
On assessed value
Assessed land
$16,520
Assessed improvement
$215,840
Land market value
$41,300
Improvement market value
$539,600
Total market value
$580,900
Applied tax rate
36.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1974
Construction
FRAME
Heating
YES
Stories
1
Units
1
Bathrooms
3
Total area
32,152 SF
Lot
2.67 ac (116,305 SF)
Zoning code
M1
APN
036083J E 00400
UPID
US80-0876196
Jurisdiction
HARDIN
Zoning & alternative use
M1 · Savannah, TNZoning M1 · permitted uses
M1 · Savannah, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1974
Construction
FRAME
Heating
YES
Stories
1
Units
1
Bathrooms
3
Lot
2.67 ac
Current owner
From public records · entity-resolved
Savannah Electric INC
Entity
Free & Clear · 15 yrs held
Mailing address
845 FLORENCE RD, SAVANNAH, TN 38372-3411
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 9, 2017
—
Boyce J Gillis
—
Deed
related
$274,498 · Hardin Cnty Bk
Dec 15, 2016
—
Boyce J Gillis
—
Trustees Deed
related
$750,000 · Peoples Bk
May 31, 2011
$25,000
Savannah Electric INC
Noland Properties INC
Grant Deed
—
—
—
Gillis Small Engine LLC
—
Loan Modification
related
$309,985 · Hardin County Bank
—
—
Boyce Gillis
—
Loan Modification
related
$309,985 · Hardin County Bank
—
—
Boyce J Gillis
—
Loan Modification
related
$274,498 · Hardin Cnty Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 845 Florence Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
