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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Distribution centers
8660 Ell Dee Ln Soddy Daisy, TN 37379-2202
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US80-0805971
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2004
Total area
7,450 SF
Lot
0.39 ac (17,168 SF)
Zoning code
M2
APN
073C B 001.01
UPID
US80-0805971
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
$735k
Comparable Approach
Comparable
$791k
Blend (final)
Blend
$615k
Owner & transaction history
Michael William Norcia · 5 yrs held
Michael William Norcia
since 2021
Last sale
$425,000
6 recorded transactions
Zoning & alternative use
M2 · Soddy Daisy, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$885,000
+72.6%
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 Soddy Daisy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Soddy Daisy 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
$525,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$795,000
6.5%
$735,000
7%
$685,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$515,000
Current use
RETAIL STORES
$885,000
Change: +73% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$455,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$615k
Range $554k – $677k · ±10% · vs last sale $425k (Mar 31 2021)
Last sale anchor
$425k
Mar 31 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
$83 / 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
$7,094
Tax year 2023
Assessed value
$209,800
Assessed 2023
Previous assessed
$209,800
+0.0% YoY
Effective rate
3.38%
On assessed value
Land market value
$148,400
Improvement market value
$376,100
Total market value
$524,500
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2004
Heating
NONE
Stories
1
Total area
7,450 SF
Lot
0.39 ac (17,168 SF)
Zoning code
M2
APN
073C B 001.01
UPID
US80-0805971
Jurisdiction
HAMILTON
Zoning & alternative use
M2 · Soddy Daisy, TN
Zoning M2 · permitted uses
M2 · Soddy Daisy, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Soddy Daisy. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$515,000
RETAIL STORES
Est. value
$885,000
INDUSTRIAL (GENERAL)
Est. value
$455,000
WAREHOUSE, STORAGE Current
RETAIL STORES
INDUSTRIAL (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
2004
Heating
NONE
Stories
1
Lot
0.39 ac
Current owner
From public records · entity-resolved
Michael William Norcia
Individual
Mailing address
4221 CRESTVIEW DR, CHATTANOOGA, TN 37415-2801
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2021
—
Michael William Norcia
Michael William Norcia
Intrafamily Transfer
related
—
May 6, 2019
$425,000
Michael W Norcia
Richard B Parker
Warranty Deed
$25,000 · Smartbank
Jun 11, 2018
—
Richard B Parker
—
Deed
related
$346,000 · First Citizens Nat'l Bk
Jun 25, 2004
$75,000
Richard B Parker
Owner,record
Warranty Deed
related
—
Apr 23, 2004
—
Record Owner
Owner,record
Quit Claim Deed
related
—
—
—
Richard B Parker
—
Deed Of Trust
related
$346,000 · First Citizens Nat'l 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.
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