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Property profile & analytics
OFF-MARKET
Commercial land
Andrew Johnson Hwy Morristown, TN 37814
Entity Owned
~
Est. High Equity
Property ID
US80-0417874
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.11 ac (4,792 SF)
APN
032041B B 00601
UPID
US80-0417874
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Dpg Rentals LLC
Dpg Rentals LLC
since 2025
Last sale
$98,000
7 recorded transactions
Zoning & alternative use
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 Morristown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morristown 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
—
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
$19,360
Assessed 2023
Assessed land
$19,360
Land market value
$48,400
Total market value
$48,400
Applied tax rate
32.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Lot
0.11 ac (4,792 SF)
APN
032041B B 00601
UPID
US80-0417874
Jurisdiction
HAMBLEN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Lot
0.11 ac
Current owner
From public records · entity-resolved
Dpg Rentals LLC
Entity
Mailing address
1515 FOARD DR, MORRISTOWN, TN 37814-3334
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2025
$90,000
Dpg Rentals LLC
Jeffrey E Cappo
Warranty Deed
$63,000 · Citizens Bank
May 7, 2025
$1,600,000
Octane Partners Bellwood LLC
Bellwood Farms LLC
Special Warranty Deed
—
Apr 4, 2025
—
Landexchange LLC
Karen Wood Ward
Deed
—
Jan 16, 2025
$550,000
David Southerland
Tacala Tennessee Corp INC
Special Warranty Deed
—
Oct 23, 2024
$650,000
Dime Piece Properties LLC
James W Gulley
Warranty Deed
—
Feb 9, 2024
$98,080
Longview Acquisition Group LLC
City Of Morristown
Special Warranty Deed
—
Oct 5, 2023
$850,000
Alex Hir 279 LLC
William Dean Howell JR
Warranty Deed
$637,500 · One Bank Of Tennessee
Mar 31, 2023
$98,000
Leslie P Lynch
Charles P Moyers
Special Warranty Deed
—
Feb 3, 2023
$180,000
Darrell Keene
Steve Richard Williams
Warranty Deed
—
Oct 12, 2022
$25,525
State Of Tennessee
Richard Robert Harwood
Warranty Deed
—
Apr 18, 2022
—
Donald Wayne Harwood
Richard Robert Harwood
Deed
related
—
Mar 1, 2022
$2,500,000
Bellwood Farms LLC
Kitty Lee Roberts Coffey
Warranty Deed
—
Mar 1, 2022
$750,000
Bellwood Farms LLC
Robert M Henderson JR
Warranty Deed
—
Feb 28, 2022
—
Sharon Kay Perfetti
Sharon K Perfetti
Deed
related
—
Dec 11, 2020
$215,000
Durrab Properties LP
B Rentals
Warranty Deed
—
Jul 1, 2019
$35,108
State Of Tennessee
Ball,shirley
Warranty Deed
—
Dec 17, 2018
—
B B & J Holdings
Bunch,don
Quitclaim Deed
related
—
Aug 16, 2017
$66,000
Gulley Family Trust
Rucker,elsie S
Warranty Deed
—
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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