Property profile

11 Rhea St Sparta, TN 38583

OFF-MARKET
Retail space
Property ID
US80-3198089
2,076 SF 0.04 ac lot Built 1950
Individually Owned 11-yr Hold Free & Clear
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Property summary

AI-generated overview

Located in Sparta, Tennessee, the property is a 2,076-square-foot commercial building situated on a 0.05-acre lot and zoned for commercial use. The building was renovated to function as living quarters and includes fresh interior finishes such as newly applied paint and updated flooring, along with updated electrical, plumbing, and HVAC systems; it was previously used as office space. The layout supports flexible uses and can be reconfigured for professional office use, retail storefront use, or live/work configurations.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1950
Total area 2,076 SF
Lot 0.04 ac (1,800 SF)
Zoning code C-C
APN 093059B I 01400
UPID US80-3198089

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

11 Rhea St Sparta, TN 38583-2039
Sparta metro Census 935400
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$115k

Owner & transaction history

since 2015
2 recorded transactions
2015
$33,000
2008
$64,500

Zoning & alternative use

C-C · Sparta, TN
Zoning description

except the Central Business District (C-C ) and for all uses and structures except those specifically exempted in § 14-2002. The requirements for landscape yards shall be in addition to any requirements of parking area l…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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