Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Retail space
101 Elm Ave Erwin, TN 37650-1159
Entity Owned
21-yr Hold
Free & Clear
Property ID
US80-1673416
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1969
Construction
WOOD
Total area
16,664 SF
Lot
180 ac (7,840,800 SF)
Zoning code
B-3
APN
086023N W 01100
UPID
US80-1673416
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
Current use
Occupant on record · Public records
-
Liberty Hardware Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$679k
Blend (final)
Blend
$765k
Owner & transaction history
Liberty Lumbery & Mfg Co · 21 yrs held
Liberty Lumbery & Mfg Co
since 2005
7 recorded transactions
Zoning & alternative use
B-3 · Erwin, TN
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 Erwin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Erwin 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
Alternative Use
Use
Estimation
RETAIL STORES
$715,000
Current use
Blend value · Realmo final
$765k
Range $689k – $842k · ±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
$46 / 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
$206,960
Assessed 2023
Previous assessed
$206,960
+0.0% YoY
Assessed land
$52,280
Assessed improvement
$154,680
Land market value
$130,700
Improvement market value
$386,700
Total market value
$517,400
Applied tax rate
86.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1969
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
1
Bathrooms
1
Total area
16,664 SF
Lot
180 ac (7,840,800 SF)
Zoning code
B-3
APN
086023N W 01100
UPID
US80-1673416
Jurisdiction
UNICOI
Zoning & alternative use
B-3 · Erwin, TN
Zoning B-3 · permitted uses
B-3 · Erwin, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Erwin. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$715,000
RETAIL STORES Current
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
1969
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Bathrooms
1
Lot
180 ac
Current owner
From public records · entity-resolved
Liberty Lumbery & Mfg Co
Entity
Free & Clear · 21 yrs held
Mailing address
PO BOX 1157, ERWIN, TN 37650-7157
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 20, 2025
—
Liberty Lumber & Manufacturing Comp
—
Deed
related
$540,000 · Eastman Cu
Oct 11, 2023
—
Liberty Lumber And Manufacturing Co
—
Deed
related
$250,000 · Eastman Cu
Dec 16, 2022
—
Liberty Lumber & Manufacturing Comp
—
Deed
related
$100,000 · Eastman Cu
May 6, 2022
—
Liberty Lumber & Manufacturing Co I
—
Deed
related
$160,000 · Eastman Cu
Oct 7, 2019
—
Liberty Lumber & Mfg Co
—
Deed
related
$120,000 · Mountain Cmrc Bk
Jul 30, 2018
—
Liberty Lumber & Gen Const Co
—
Deed
related
$83,000 · Mountain Cmrc Bk
Dec 30, 2015
—
Liberty Lumber & Mfg Co
—
Trustees Deed
related
$120,000 · Mountain Cmrc Bk
Jul 7, 2010
—
Liberty Lumber & Mfg Co
—
Trustees Deed
related
$200,221 · First Tennessee Bank National
Mar 15, 2005
$25,000
Liberty Lumbery & Mfg Co
Unicoi County Mem Hosp INC
Warranty Deed
—
—
—
Liberty Lumber & Mfg Co
—
Loan Modification
related
$1,017,576 · Mountain Cmrc Bk
—
—
Liberty Lumber & Mfg Co
—
Loan Modification
related
$120,000 · Mountain Cmrc Bk
—
—
Liberty Lumber & Gen Const Co
—
Loan Modification, Consolidation And Extension
related
$83,000 · Mountain Cmrc Bk
—
—
Liberty Lumber & Mfg Co
—
Deed Of Trust
related
$2,115,239 · First Tennessee Bank National
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 101 Elm Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
