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Property profile & analytics
OFF-MARKET
Estimated value
$3,890,000
Warehouses
W Lamar Alex Pkwy, TN
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US80-0310551
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2001
Construction
FRAME
Total area
23,501 SF
Lot
4.13 ac (179,903 SF)
Zoning code
BT
APN
005057 02216
UPID
US80-0310551
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
$4.12M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.89M
Owner & transaction history
Agnl Tractor III Ga Sc Tn LLC · 5 yrs held
Agnl Tractor III Ga Sc Tn LLC
since 2020
Last sale
$3.7M
4 recorded transactions
Zoning & alternative use
BT · Lamar Alex Pkwy, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.6M
+269.7%
Commercial (general)
$4.9M
+221.9%
Medical building
$4.8M
+214.4%
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 Lamar Alex Pkwy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lamar Alex Pkwy 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
$4,125,000
ML approach
$4,115,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$5,595,000
Change: +270% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,875,000
Change: +222% · Conversion: Difficult
MEDICAL BUILDING
$4,760,000
Change: +214% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,745,000
Change: +81% · Conversion: Easy
RETAIL STORES
$2,355,000
Change: +56% · Conversion: Moderate
Blend value · Realmo final
$3.89M
Range $3.50M – $4.28M · ±10% · vs last sale $3.66M (Dec 30 2020)
Last sale anchor
$3.66M
Dec 30 2020
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
$166 / 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
$14,888
Tax year 2022
Assessed value
$713,280
Assessed 2023
Previous assessed
$602,760
+18.3% YoY
Effective rate
2.09%
On assessed value
Assessed land
$303,840
Assessed improvement
$409,440
Land market value
$759,600
Improvement market value
$1,023,600
Total market value
$1,783,200
Applied tax rate
5.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2001
Construction
FRAME
Heating
YES
Stories
1
Units
1
Bathrooms
2
Total area
23,501 SF
Lot
4.13 ac (179,903 SF)
Zoning code
BT
APN
005057 02216
UPID
US80-0310551
Jurisdiction
BLOUNT
Zoning & alternative use
BT · Lamar Alex Pkwy, TN
Zoning BT · permitted uses
BT · Lamar Alex Pkwy, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lamar Alex Pkwy. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$5.6M
COMMERCIAL (GENERAL)
Est. value
$4.9M
MEDICAL BUILDING
Est. value
$4.8M
AUTO REPAIR, GARAGE
Est. value
$2.7M
RETAIL STORES
Est. value
$2.4M
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
2001
Construction
FRAME
Heating
YES
Stories
1
Units
1
Bathrooms
2
Lot
4.13 ac
Current owner
From public records · entity-resolved
Agnl Tractor III Ga Sc Tn LLC
Entity
Mailing address
245 PARK AVE FL, NEW YORK, NY 10167-0002
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2020
$3,660,000
Agnl Tractor III Ga Sc Tn LLC
Ag Pro R/e Invs II LLC
Grant Deed
—
Nov 7, 2019
$2,200,000
Ag-pro Real Invs
Ritchie Dev Ptshp
Warranty Deed
$2,200,000 · First
Jul 21, 2016
—
Athens Dev
Joseph P R II Ptshp
Warranty Deed
—
—
—
Rithie Dev Co Etal
—
Deed Of Trust
related
$4,300,000 · First Tn 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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