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Property profile & analytics
OFF-MARKET
Estimated value
$2,795,000
Retail space
104 Hwy Hwy Portland, TN 37148
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-1889051
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,916 SF
Lot
1.1 ac (47,916 SF)
APN
083033I C 00400
UPID
US80-1889051
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
$2.29M
Comparable Approach
Comparable
$3.17M
Blend (final)
Blend
$2.80M
Owner & transaction history
Ss 104 Highway 52 W LLC · 2 yrs held
Ss 104 Highway 52 W LLC
since 2024
Last sale
$3.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.5M
+74.4%
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 Portland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Portland 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%
$2,480,000
6.5%
$2,290,000
7%
$2,125,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,990,000
Current use
COMMERCIAL (GENERAL)
$3,475,000
Change: +74% · Conversion: Easy
Blend value · Realmo final
$2.80M
Range $2.52M – $3.07M · ±10% · vs last sale $3.06M (Apr 1 2024)
Last sale anchor
$3.06M
Apr 1 2024
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
$216 / 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
$21,210
Tax year 2023
Assessed value
$621,640
Assessed 2023
Previous assessed
$621,640
+0.0% YoY
Effective rate
3.41%
On assessed value
Assessed land
$276,320
Assessed improvement
$345,320
Land market value
$690,800
Improvement market value
$863,300
Total market value
$1,554,100
Applied tax rate
83.0000
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
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
2
Total area
12,916 SF
Lot
1.1 ac (47,916 SF)
APN
083033I C 00400
UPID
US80-1889051
Jurisdiction
SUMNER
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
$2.0M
COMMERCIAL (GENERAL)
Est. value
$3.5M
RETAIL STORES Current
COMMERCIAL (GENERAL)
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
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
1.1 ac
Current owner
From public records · entity-resolved
Ss 104 Highway 52 W LLC
Entity
Mailing address
1345 AVE OF THE AMERICAS FL 32A, NEW YORK, NY 10105-3107
Ownership since
2024
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
Jul 3, 2024
$3,056,820
Ss 104 Highway 52 W LLC
Bsprt Walgreens Portfolio 15 LLC
Special Warranty Deed
$2,897,519 · Bsprt Cre Finance LLC
Nov 9, 2022
$2,328,281
Bsprt Walgreens Portfolio 15 LLC
Ibf Properties LLC
Trustees Deed
related
—
May 24, 2022
—
Ibf Properties LLC
Ibf Properties Wg Tm LLC
Intrafamily Transfer
related
$7,589,812 · Peoples Bank & Trust Co Of Pickett
Nov 5, 2021
$16,937,423
Ibf Properties Wg Tn LLC
Pharm Sale Leaseback II Dst Fund I
Special Warranty Deed
$28,000,000 · Revere Credit Opportunities Fund II
Sep 7, 2021
$3,305,424
Pharmcy Sale Leaseback II Dst Fund
Pharmacy Sale Leaseback II Dst
Special Warranty Deed
—
Mar 27, 2014
$3,108,516
Pharmacy Sale Leaseback II Dst
Waltrust Properties INC
Special Warranty Deed
$25,641,816 · Parkway Bank & Trust Co
Mar 24, 2008
$3,357,570
Walgreen Co
Rfm Portland LLC
Grant Deed
—
Mar 24, 2008
—
Waltrust Properties INC
Walgreen
Quit Claim Deed
related
—
Feb 27, 2007
$1,200,000
Rfm Portland LLC
Knifley,kelly D & Virginia
Grant Deed
$3,184,000 · Insouth Bank
Jul 5, 2005
—
Kelly D Knifley
—
Trustees Deed
related
$50,265 · Volunteer State Bank
Jul 22, 2004
—
Kelly D Knifley
Beals,timothy N & Kelly H
Quit Claim Deed
related
—
Aug 28, 2001
$60,000
Jason L Collins
Chi Nu Deal LLC
Grant Deed
—
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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