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Property profile & analytics
OFF-MARKET
Estimated value
$2,045,000
Commercial land
1001 Elk Ave Elizabethton, TN 37643
Entity Owned
Absentee Owner
Free & Clear
Property ID
US80-1408247
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1927
Total area
49,840 SF
Lot
1.24 ac (54,014 SF)
APN
010040E A 00900
UPID
US80-1408247
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
$2.15M
Blend (final)
Blend
$2.05M
Owner & transaction history
Barrett Investment Properties LLC
Barrett Investment Properties LLC
since 2025
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 Elizabethton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elizabethton 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.05M
Range $1.84M – $2.25M · ±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
$41 / 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
Property tax & assessments
Assessed value
$28,200
Assessed 2023
Previous assessed
$28,200
+0.0% YoY
Assessed land
$28,200
Land market value
$70,500
Total market value
$70,500
Applied tax rate
10.0000
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
Year built
1927
Heating
YES
Stories
1
Total area
49,840 SF
Lot
1.24 ac (54,014 SF)
APN
010040E A 00900
UPID
US80-1408247
Jurisdiction
CARTER
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
Year built
1927
Heating
YES
Stories
1
Lot
1.24 ac
Current owner
From public records · entity-resolved
Barrett Investment Properties LLC
Entity
Free & Clear · 0 yrs held
Mailing address
141 MAGNOLIA RDG DR, JONESBOROUGH, TN 37659-4794
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 13, 2025
$65,000
Barrett Investment Properties LLC
Arthur Jordan Haun
Warranty Deed
—
May 8, 2024
$95,872
Arthur Jordon
Andrew J Laporte
Deed
—
Jan 5, 2015
—
Riverview Investments LLC
Ag Investments
Quit Claim Deed
related
—
May 10, 2013
—
Ag Investment
North American Fibers INC
Quit Claim Deed
related
$5,938,000 · Peoples Community Bank
Feb 22, 2011
$4,200
Charles K Green
North American Fibers INC
Quit Claim Deed
related
—
Dec 21, 2009
$30,000
Ag Investments
North American Fibers INC
Quit Claim Deed
related
—
Nov 6, 2009
$500
Ag Investments
North American Fibers INC
Quit Claim Deed
related
—
Apr 21, 2009
—
Joseph B Davis
North American Fibers INC
Quit Claim Deed
related
—
Jan 10, 2008
$20,000
Carter Cnty Wellness Center In
North American Fibers
Quit Claim Deed
related
—
Jan 10, 2008
$500
Carter Cnty Wellness Center In
North American Fibers
Quit Claim Deed
related
—
Oct 11, 2006
—
State Of Tennessee
North American Fibers INC
Warranty Deed
related
—
Sep 16, 2005
—
Jemsite Dev LLC
City Of Elizabethton
Quit Claim 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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