New search
Property profile & analytics
OFF-MARKET
Estimated value
$55,670,000
Warehouses
857 Mtn Vw Dr, Piney Flats, TN 37686-4913
Entity Owned
3-yr Hold
Free & Clear
Property ID
US80-0814648
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1991
Total area
1,012,440 SF
Lot
100.02 ac (4,356,871 SF)
Zoning code
M-1
APN
082125 00950
UPID
US80-0814648
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
-
HSN Fulfillment Center Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$55.67M
Owner & transaction history
Hsni LLC · 3 yrs held
Hsni LLC
since 2022
Last sale
$67.5M
7 recorded transactions
Zoning & alternative use
M-1 · Piney Flats, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$91.8M
+69.8%
Retail stores
$77.3M
+43.0%
Auto repair, garage
$72.5M
+34.0%
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 Piney Flats submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Piney Flats 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
$74,900,000
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
$54,095,000
Current use
COMMERCIAL (GENERAL)
$91,830,000
Change: +70% · Conversion: Difficult
RETAIL STORES
$77,340,000
Change: +43% · Conversion: Moderate
AUTO REPAIR, GARAGE
$72,460,000
Change: +34% · Conversion: Easy
Blend value · Realmo final
$55.67M
Range $50.10M – $61.24M · ±10% · vs last sale $67.50M (Jul 18 2022)
Last sale anchor
$67.50M
Jul 18 2022
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
$55 / 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
Property tax & assessments
Assessed value
$7,332,440
Assessed 2023
Previous assessed
$7,332,440
+0.0% YoY
Assessed land
$609,440
Assessed improvement
$6,723,000
Land market value
$1,523,600
Improvement market value
$16,807,500
Total market value
$18,331,100
Applied tax rate
82.0000
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
1991
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
40
Total area
1,012,440 SF
Lot
100.02 ac (4,356,871 SF)
Zoning code
M-1
APN
082125 00950
UPID
US80-0814648
Jurisdiction
SULLIVAN
Zoning & alternative use
M-1 · Piney Flats, TN
Zoning M-1 · permitted uses
M-1 · Piney Flats, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Piney Flats. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$54.1M
COMMERCIAL (GENERAL)
Est. value
$91.8M
RETAIL STORES
Est. value
$77.3M
AUTO REPAIR, GARAGE
Est. value
$72.5M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
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
1991
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
40
Lot
100.02 ac
Current owner
From public records · entity-resolved
Hsni LLC
Entity
Free & Clear · 3 yrs held
Mailing address
30 N LA SALLE ST STE #4140, CHICAGO, IL 60602-2900
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2022
—
Hsni LLC
Q Owner Scva001 LLC
Lease
—
Jul 18, 2022
$67,496,000
Q Owner Tn001 LLC
Hsni LLC
Special Warranty Deed
—
Dec 16, 2020
—
Hsn Fulfillment LLC
Industrial Dev Board Of The Cnty/
Quit Claim Deed
related
—
Dec 18, 2014
—
Industrial Dev Board Of The Co
Hsn Fulfillment LLC
Quit Claim Deed
related
—
Jul 31, 2014
—
Hsn Fulfillment LLC
Industrial Dev Board Of The Count
Quit Claim Deed
related
—
Apr 14, 2004
$16,108,665
Hsn Fulfillment LLC
Industrial Devel
Trustees Deed
—
Apr 14, 2004
—
Hsn Fulfillment LLC
Industrial Devel
Trustees Deed
related
—
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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