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    Property profile & analytics

    1007 Main St Bolivar, TN 38008-1301

    • Grocery and convenience stores
    • 2,600 SF
    • 1.00 lot acres
    OFF-MARKET
    Last Sale
    Oct 22, 2020
    $300,000
    Value Estimations
    $460,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-2412849
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • M AND R FOOD MART / Gas Station
    • ATM (Houston's BP) / Atm / Cars
    • Northside Quick Stop / Gas Station / Convenience Store

    Property Details for 1007 Main St

    Year built
    2000
    Lot size
    1.00 lot acres
    Property size
    2,600 SF
    Zone code
    B-1
    Property type
    Grocery and convenience stores
    APN
    035070 01601
    APU
    3507001601

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $460,000
      ML approach
      $375,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $443,000
      Market price range: $102k - $444k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bolivar
    County
    Hardeman
    State
    Tennessee
    Longitude
    -88.9807
    Latitude
    35.27

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $4,740
    $11,320
    $120,160
    $131,480
    -
    $28,300
    $300,400
    $328,700

    Comparable in this City

    • Value Estimation
      $615,000
      3,120 SF

      629 Market St

      GROCERY, SUPERMARKET • 3,120 SF
      629 Market St, Bolivar, TN 38008-2240
      View Details
    • Value Estimation
      $385,000
      6,808 SF

      1410 Market St

      GROCERY, SUPERMARKET • 6,808 SF
      1410 Market St, Bolivar, TN 38008-1718
      View Details
    • Value Estimation
      $225,000
      3,312 SF

      670 Main St

      GROCERY, SUPERMARKET • 3,312 SF
      670 Main St, Bolivar, TN 38008-2030
      View Details
    • Value Estimation
      $335,000
      1,800 SF

      320 Market St

      GROCERY, SUPERMARKET • 1,800 SF
      320 Market St, Bolivar, TN 38008-2604
      View Details
    • Value Estimation
      $335,000
      4,900 SF

      Hwy 64

      GROCERY, SUPERMARKET • 4,900 SF
      Hwy 64, Bolivar, TN 38008
      View Details
    • Value Estimation
      $255,000
      1,740 SF

      817 Market St

      GROCERY, SUPERMARKET • 1,740 SF
      817 Market St, Bolivar, TN 38008-1818
      View Details

    Similar Nearby for Sale

    • $2,500,000
      Pending

      Profitable Gas Station Opportunity

      Gas station and convenience store in a high-traffic Bolivar location.
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    • $1,400,000
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      Family Dollar Store Investment Opportunity

      NNN Family Dollar store with corporate guarantee and extension options.
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    • $399,900
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      Versatile Commercial Facility on 1 Acre

      High-exposure commercial facility suitable for automotive, industrial, or service-based operations.
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    • $124,900
      1,392 SF

      Bolivar Commercial Building For Sale

      Well-maintained commercial building in Bolivar's historic district.
      118 W Market St, Bolivar, TN 38008
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    • $561,695
      161.00 Acres

      Recreational Land with Development Potential

      Diverse recreational property suitable for development or private estate.
      1050 Clifft St, Bolivar, TN 38008
      View Details
    • $220,613
      55.50 Acres

      55.5 Acres in Bolivar, TN

      55.5 acre property suited for recreational use or private estate.
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    Similar Nearby for Lease

    • Contact for pricing
      7,062 SF

      Retail Space in Bolivar, TN

      Retail spaces available in a shopping center anchored by Tractor Supply.
      1359 W Market St, Bolivar, TN 38008
      View Details
    • $1,500 /Mo

      Highway 18 Retail/Office Space

      Versatile space ideal for retail, office, or commercial ventures.
      Highway 18, Bolivar, TN 38008
      View Details
    • Contact for pricing
      54,065 SF

      Apple Creek Town Center Retail

      Bolivar, TN Shopping Center Opportunity
      715 Tennessee St, Bolivar, TN 38008
      View Details
    • $1,500 /Mo

      Land in Bolivar, TN

      Land for lease in a thriving industrial sector.
      1021 N Main St, Bolivar, TN 38008
      View Details
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    Bolivar, TN 38008-1301
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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