Retail Property with Additional
For Sale
$349,000
16473 Rankin Ave, Dunlap, TN 37327
Two parcels provide retail space and an additional building near Walmart in Dunlap.
Property Size1,350 SF
Price / SF$258.52
Days on Market79
Property Features for 16473 Rankin Ave
General Information
Standard status
Active
Size
1,350 SF
Building Details
Year Built
1935
Listing Agency:
THE REAL ESTATE COLLECTIVE
Listed By:
Alma Mendez · License #356808
(248) 881-0779
Source:
Shearonsellsteam
Added: Jul 27
Changed: Oct 8
Last Checked: Oct 12 at 10:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of THE REAL ESTATE COLLECTIVE
Investment Insights
Based on property information with market context.
This offering includes two properties identified at 16473 and 16435 Rankin Ave in Dunlap, with approximately 3,750 square feet of retail space on a 0.62-acre lot. The source information also identifies an additional building, creating a multi-structure commercial property configuration.
The parcels are located near Walmart and are separately identified as 041P G 008.1 and 041P G 008.00. The property information lists 1935 as the year built. Each property is listed separately under MLS numbers 243579 and 243580.
The parcels are located near Walmart and are separately identified as 041P G 008.1 and 041P G 008.00. The property information lists 1935 as the year built. Each property is listed separately under MLS numbers 243579 and 243580.
Key Highlights
- Approximately 3,750 square feet of retail space
- 0.62‑acre lot
- Additional building included in the offering
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,433
Cap Rate
2.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$208,660
$208.7K
Cap Rate 7%
$149,043
$149.0K
Cap Rate 9%
$115,922
$115.9K
Market Conditions
NOI Build-Up for 1,350 SF
Gross rent
$16.2K $12.00/SF
− Vacancy
−$1.3K −$0.96/SF
EGI
$14.9K $11.04/SF
− OpEx
−$4.5K −$3.31/SF
NOI
$10.4K $7.73/SF
Area
Sequatchie County, TN
Vacancy
8.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$208,660
Cap Rate 7%
$149,043
Cap Rate 9%
$115,922
Alternative Uses
Best Use
Retail
$149.0K
$130.4K – $173.9K
NOI $10,433 @ 7.0% cap · market cap 2.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$298.2K
$260.9K – $347.9K
NOI $20,871 @ 7.0% cap · market cap 5.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
192
Businesses Nearby
91k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 46%
Dining 30%
Shops & Services 14%
Home Improvements & Furnishings 7%
Walmart
Superstores
41,547 visits/mo
0.2 miles
Wendy's
Dining
16,589 visits/mo
0.0 miles
Hardee's
Dining
10,284 visits/mo
0.4 miles
Elder's Ace Hardware-Dunlap
Home Improvements & Furnishings
6,422 visits/mo
0.2 miles
Dollar General
Shops & Services
6,119 visits/mo
0.2 miles
Demographics for 37327, TN
12,412
Population
5,319
Households
2.3
Avg Household Size
43
Median Age
18%
College-Educated
81%
High-School Grad
191.4 sq mi
ZIP Area
65
Density / Sq Mi
$51,862
Median Household Income
$28,990
Median Earnings
$843
Median Rent
$217,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - Two parcels provide retail space and an additional building near Walmart in Dunlap.
Where is this retail space located?
The property is located at 16473 Rankin Ave Dunlap, TN.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Approximately 3,750 square feet of retail space; 0.62‑acre lot; Additional building included in the offering
