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Property profile & analytics
OFF-MARKET
Estimated value
$2,270,000
Retail space
1028 Nashville Hwy Columbia, TN 38401-2104
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US80-0973534
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,290 SF
Lot
2 ac (87,120 SF)
APN
060090 02101
UPID
US80-0973534
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
-
IN Ingredients Industrial Manufacturer Production Facility
-
Strategic Advantage Firearms Education Training Center Vocational School
-
Calvary Chapel of Columbia Church
-
Brokenheart-ministries Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.32M
CAP Approach
CAP
$2.93M
Comparable Approach
Comparable
$1.40M
Blend (final)
Blend
$2.27M
Owner & transaction history
Calvary Of Columbia Incorporated In · 1 yrs held
Calvary Of Columbia Incorporated In
since 2025
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.9M
+32.1%
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 Columbia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Columbia 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
$2,210,000
ML approach
$2,315,000
CAP Approach
CAP Return
Estimation
6%
$3,170,000
6.5%
$2,925,000
7%
$2,715,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,410,000
Current use
MEDICAL BUILDING
$1,860,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$2.27M
Range $2.04M – $2.50M · ±10% · vs last sale $3.00M (May 2 2025)
Last sale anchor
$3.00M
May 2 2025
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
$185 / 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
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$10,879
Tax year 2023
Assessed value
$397,760
Assessed 2023
Previous assessed
$397,760
+0.0% YoY
Effective rate
2.74%
On assessed value
Assessed land
$135,920
Assessed improvement
$261,840
Land market value
$339,800
Improvement market value
$654,600
Total market value
$994,400
Applied tax rate
60.0000
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
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
3
Total area
12,290 SF
Lot
2 ac (87,120 SF)
APN
060090 02101
UPID
US80-0973534
Jurisdiction
MAURY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.9M
RETAIL STORES Current
MEDICAL BUILDING
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
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
3
Lot
2 ac
Current owner
From public records · entity-resolved
Calvary Of Columbia Incorporated In
Individual
Mailing address
5016 SPEDALE CT #176, SPRING HILL, TN 37174-6105
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2025
$3,000,000
Calvary Of Columbia Incorporated In
Bic Investments LLC
Warranty Deed
$3,000,000 · Bic Investments LLC A Tennessee Lim
Apr 26, 2024
—
Bic Investments LLC
—
Deed
related
$1,000,000 · First Horizon Bank
Apr 19, 2024
—
Bic Investments LLC
—
Deed
related
$1,000,000 · First Horizon Bank
Jan 30, 2019
$1,400,000
Bic Investments LLC
Scribner Katie B Trust
Warranty Deed
—
Apr 20, 2015
—
Scribner,katie B Trust
Scribner Katie B & Phyllis J
Quit Claim Deed
related
—
Mar 14, 2008
—
Obc Partners LLC
Raines,charles
Quit Claim Deed
related
$1,616,000 · Reliant Bank
Nov 14, 1994
—
Leonard Scribner
—
Deed Of Trust
related
$145,000 · Middle Tennessee Bank
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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