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Property profile & analytics
OFF-MARKET
Retail space
1103 Main St Milan, TN 38358-2725
Entity Owned
6-yr Hold
Free & Clear
Property ID
US80-1731682
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1900
Total area
1,528 SF
Lot
0.04 ac (1,716 SF)
Zoning code
B3
APN
140C S 00602
UPID
US80-1731682
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
-
L&B Boutique Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Hak Acquisitions LLC · 6 yrs held
Hak Acquisitions LLC
since 2019
3 recorded transactions
Zoning & alternative use
B3 · Milan, 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 Milan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milan 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$30,880
Assessed 2023
Previous assessed
$30,880
+0.0% YoY
Assessed land
$4,000
Assessed improvement
$26,880
Land market value
$10,000
Improvement market value
$67,200
Total market value
$77,200
Applied tax rate
270,000,000.0000
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
1900
Heating
YES
Stories
1
Units
1
Bathrooms
0
Total area
1,528 SF
Lot
0.04 ac (1,716 SF)
Zoning code
B3
APN
140C S 00602
UPID
US80-1731682
Jurisdiction
GIBSON
Zoning & alternative use
B3 · Milan, TN
Zoning B3 · permitted uses
B3 · Milan, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Milan. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1900
Heating
YES
Stories
1
Units
1
Bathrooms
0
Lot
0.04 ac
Current owner
From public records · entity-resolved
Hak Acquisitions LLC
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 522, MILAN, TN 38358-0522
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2019
$10,000
Hak Acquisitions LLC
Jonathan Keel
Warranty Deed
—
Jul 18, 2008
$11,000
Keel,jonathan
Chamberlain,aubrey R & Rose M
Warranty Deed
—
Jan 28, 2006
$16,410
Carroll Bank & Trust
Jones,w K
Trustees Deed
related
—
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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