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Property profile & analytics
OFF-MARKET
Estimated value
$1,285,000
Commercial land
Industrial Park Dr Selmer, TN 38375
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US80-2422053
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1969
Total area
85,017 SF
Lot
4.92 ac (214,315 SF)
Zoning code
M1
APN
055089 06307
UPID
US80-2422053
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
$975k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.60M
Blend (final)
Blend
$1.29M
Owner & transaction history
205 Henco Drive LLC · 9 yrs held
205 Henco Drive LLC
since 2016
6 recorded transactions
Zoning & alternative use
M1 · Selmer, TN
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 Selmer submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Selmer 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
by Request
ML approach
$975,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.29M
Range $1.16M – $1.41M · ±10%
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
$15 / 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
$325
Tax year 2022
Assessed value
$14,760
Assessed 2023
Previous assessed
$14,760
+0.0% YoY
Effective rate
2.20%
On assessed value
Assessed land
$14,760
Land market value
$36,900
Total market value
$36,900
Applied tax rate
55.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1969
Heating
YES
Stories
1
Rooms
2
Bathrooms
6
Total area
85,017 SF
Lot
4.92 ac (214,315 SF)
Zoning code
M1
APN
055089 06307
UPID
US80-2422053
Jurisdiction
MCNAIRY
Zoning & alternative use
M1 · Selmer, TNZoning M1 · permitted uses
M1 · Selmer, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
MunicipalCodes
Building & site characteristics
From public records
Year built
1969
Heating
YES
Stories
1
Rooms
2
Bathrooms
6
Lot
4.92 ac
Current owner
From public records · entity-resolved
205 Henco Drive LLC
Entity
Mailing address
205 HENCO DR, SELMER, TN 38375-3273
Ownership since
2016
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
Oct 27, 2016
$120,000
205 Henco Drive LLC
Henco INC
Warranty Deed
related
$90,000 · Henco INC
Nov 3, 2015
$150,000
Coxs Paradise LLC
Henco INC
Warranty Deed
—
Sep 29, 2015
$200,000
Selmer Of Mcnairy Cnty Indl Dev
Henco INC
Dual Purpose Document
related
$185,000 · Henco INC
Jan 2, 2015
—
Henco INC
—
Trustees Deed
related
$84,214 · Home Bkng
Jul 23, 2013
$850,000
205 Henco Drive LLC
Henco INC
Warranty Deed
related
—
Oct 4, 1994
—
Hevco INC
Industrial Dev B
Grant 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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