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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Gas stations
10408 Lee Hwy, Mc Donald, TN 37353-4001
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US80-0812612
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Year built
2004
Total area
5,000 SF
Lot
1.6 ac (69,696 SF)
Zoning code
M2
APN
132 044.07
UPID
US80-0812612
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
-
Automotive Solutions Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$618k
Blend (final)
Blend
$620k
Owner & transaction history
Walter Rao · 10 yrs held
Walter Rao
since 2016
7 recorded transactions
Zoning & alternative use
M2 · Mc Donald, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$965,000
+73.6%
Commercial (general)
$765,000
+38.2%
Retail stores
$595,000
+7.0%
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 Mc Donald submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mc Donald 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
SERVICE STATION (FULL SERVICE)
$555,000
Current use
AUTO REPAIR, GARAGE
$965,000
Change: +74% · Conversion: Difficult
COMMERCIAL (GENERAL)
$765,000
Change: +38% · Conversion: Difficult
RETAIL STORES
$595,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$620k
Range $558k – $682k · ±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
$124 / 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
$6,157
Tax year 2023
Assessed value
$161,120
Assessed 2023
Previous assessed
$161,120
+0.0% YoY
Effective rate
3.82%
On assessed value
Land market value
$195,500
Improvement market value
$207,300
Total market value
$402,800
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Status
Off-Market
Year built
2004
Heating
NONE
Stories
1
Total area
5,000 SF
Lot
1.6 ac (69,696 SF)
Zoning code
M2
APN
132 044.07
UPID
US80-0812612
Jurisdiction
HAMILTON
Zoning & alternative use
M2 · Mc Donald, TN
Zoning M2 · permitted uses
M2 · Mc Donald, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mc Donald. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
SERVICE STATION (FULL SERVICE) Current
Est. value
$555,000
AUTO REPAIR, GARAGE
Est. value
$965,000
COMMERCIAL (GENERAL)
Est. value
$765,000
RETAIL STORES
Est. value
$595,000
SERVICE STATION (FULL SERVICE) Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
2004
Heating
NONE
Stories
1
Lot
1.6 ac
Current owner
From public records · entity-resolved
Walter Rao
Individual
Mailing address
10408 LEE HWY, MC DONALD, TN 37353-4001
Ownership since
2016
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
Mar 4, 2016
$400,000
Walter Rao
Williams Howe LLC
Warranty Deed
$340,000 · Southeast Bank
Jun 26, 2015
$325,000
Williams & Howe LLC
Ramon S Artigas
Warranty Deed
$248,000 · Fsgbank N A
Apr 24, 2013
—
Ramon S Artigas
Lippard,billy H & Sandra K
Quit Claim Deed
related
$47,000 · Collegedale Cu
May 20, 2004
—
Ramon S Artigas
Owner,record
Grant Deed
related
—
Nov 14, 2002
$24,000
R Artigas
Sines,j
Grant Deed
—
—
—
Ramon Artigas
—
Deed Of Trust
related
$180,000 · Collegedale Cu
—
—
Ramon S Artigas
—
Deed Of Trust
related
$92,000 · Collegedale Cu
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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