Retail Property with Additional
For Sale
$699,900
16473 Rankin Ave, Dunlap, TN 37327
Two parcels provide retail space and an additional building near Walmart in Dunlap.
Property Size3,750 SF
Price / SF$186.64
Days on Market34
Property Features for 16473 Rankin Ave
General Information
Standard status
Active
Size
3,750 SF
Building Details
Year Built
1935
Listing Agency:
THE REAL ESTATE COLLECTIVE
(248) 881-0779
Listed By:
Alma Mendez
Source:
Fiddletreerealty
Added: Jul 27
Changed: Aug 28
Last Checked: Aug 29 at 12:23PM
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,980
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$579,600
$579.6K
Cap Rate 7%
$414,000
$414.0K
Cap Rate 9%
$322,000
$322.0K
Market Conditions
NOI Build-Up for 3,750 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$45.0K $12.00/SF
− Vacancy
−$3.6K −$0.96/SF
EGI
$41.4K $11.04/SF
− OpEx
−$12.4K −$3.31/SF
NOI
$29.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$579,600
Cap Rate 7%
$414,000
Cap Rate 9%
$322,000
Alternative Uses
Best Use
Retail
$414.0K
$362.3K – $483.0K
NOI $28,980 @ 7.0% cap · market cap 4.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$828.2K
$724.7K – $966.2K
NOI $57,974 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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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 $699,900.
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
