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Property profile & analytics
OFF-MARKET
Estimated value
$56,750,000
Warehouses
98 Excellence Way, Vonore, TN 37885-2122
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-1173655
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
627,621 SF
Lot
99.84 ac (4,349,030 SF)
APN
062027 09105
UPID
US80-1173655
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
-
Pfizer Inc. Factory Production Facility
-
Exel Logistics Logistics Company Freight Service
-
DHL Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$56.75M
Owner & transaction history
Excellence Industrial Associates Ll · 4 yrs held
Excellence Industrial Associates Ll
since 2022
Last sale
$54.8M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$65.0M
+95.1%
Restaurant
$64.5M
+93.7%
Retail stores
$54.6M
+63.9%
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 Vonore submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Vonore 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
$60,755,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$64,970,000
Change: +95% · Conversion: Difficult
RESTAURANT
$64,475,000
Change: +94% · Conversion: Difficult
RETAIL STORES
$54,585,000
Change: +64% · Conversion: Moderate
AUTO REPAIR, GARAGE
$50,060,000
Change: +50% · Conversion: Easy
Blend value · Realmo final
$56.75M
Range $51.08M – $62.43M · ±10% · vs last sale $54.75M (Apr 18 2022)
Last sale anchor
$54.75M
Apr 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
$90 / 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
$205,128
Tax year 2022
Assessed value
$8,633,800
Assessed 2023
Previous assessed
$7,920,000
+9.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$798,720
Assessed improvement
$7,835,080
Land market value
$1,996,800
Improvement market value
$19,587,700
Total market value
$21,584,500
Applied tax rate
62.0000
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
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Buildings
3
Stories
1
Units
1
Bathrooms
29
Total area
627,621 SF
Lot
99.84 ac (4,349,030 SF)
APN
062027 09105
UPID
US80-1173655
Jurisdiction
MONROE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$65.0M
RESTAURANT
Est. value
$64.5M
RETAIL STORES
Est. value
$54.6M
AUTO REPAIR, GARAGE
Est. value
$50.1M
COMMERCIAL (GENERAL)
RESTAURANT
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
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Units
1
Bathrooms
29
Lot
99.84 ac
Current owner
From public records · entity-resolved
Excellence Industrial Associates Ll
Entity
Mailing address
1985 CEDARBRIDGE AVE STE #1, LAKEWOOD, NJ 08701-7031
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2022
$54,750,000
Excellence Industrial Associates Ll
Centurion Vonore Gp
Special Warranty Deed
$48,086,000 · Ameris Bank
Feb 6, 2019
—
Centurion Vonore Gp
—
Deed
related
$2,425,000 · Miscellaneous Ins Co
Jul 21, 2011
$20,558,311
Centurion Vonore Gp
Exel INC
Deed Of Trust
related
$14,300,000 · Unum Life Ins Co America
Jul 1, 2011
$12,000,000
Exel INC
Wyeth LLC
Grant Deed
—
—
—
Centurion Vonore Gp
—
Deed Of Trust
related
$2,425,000 · Miscellaneous Ins Co
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
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