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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Retail space
1103 Matthews St Springfield, TN 37172-3226
Individually Owned
1-yr Hold
Free & Clear
Property ID
US80-1426110
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1983
Construction
FRAME
Total area
6,951 SF
Lot
0.7 ac (30,492 SF)
APN
074080O C 07400
UPID
US80-1426110
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
-
Firefly Insurance Agency Insurance Agency
-
The Field House Arcade & Gaming Center Sports Field & Court
-
All Knight Bonding Law Firm
-
CASA of Robertson County Charitable Organization Social Service Agency
-
Richter's Offroad Performance Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$535k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$528k
Blend (final)
Blend
$560k
Owner & transaction history
Ronald L Hollingsworth · 1 yrs held
Ronald L Hollingsworth
since 2025
Last sale
$675,000
7 recorded transactions
Zoning & alternative use
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 Springfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Springfield 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
$495,000
ML approach
$535,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$740,000
Current use
Blend value · Realmo final
$560k
Range $504k – $616k · ±10% · vs last sale $675k (Apr 1 2025)
Last sale anchor
$675k
Apr 1 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
$81 / 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
Property tax & assessments
Assessed value
$149,880
Assessed 2023
Previous assessed
$143,200
+4.7% YoY
Assessed land
$64,800
Assessed improvement
$85,080
Land market value
$162,000
Improvement market value
$212,700
Total market value
$374,700
Applied tax rate
74.0000
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
1983
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Units
1
Rooms
4
Bathrooms
0
Total area
6,951 SF
Lot
0.7 ac (30,492 SF)
APN
074080O C 07400
UPID
US80-1426110
Jurisdiction
ROBERTSON
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
$740,000
RETAIL STORES Current
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
1983
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
4
Bathrooms
0
Lot
0.7 ac
Current owner
From public records · entity-resolved
Ronald L Hollingsworth
Individual
Free & Clear · 1 yrs held
Mailing address
2910 MEMORIAL BLVD, SPRINGFIELD, TN 37172-4243
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
Apr 1, 2025
—
Ronald L Hollingsworth
M2a2 Properties
Quitclaim Deed
related
—
Apr 1, 2025
$675,000
Michael Richter
Ronald L Hollingsworth
Deed
$675,000 · Ronald Etal
Jan 5, 2018
—
M2a2 Properties
Fivestar Building Group LLC
Quit Claim Deed
related
—
Oct 31, 2008
—
Five Star Building Group LLC
Hollingsworth Fam Collections
Quit Claim Deed
related
—
Jul 20, 2006
$427,999
Gary S Baldwin
Hollingsworth Fam Collections
Grant Deed
$448,100 · F & M Bank
Jul 5, 2005
$450,000
Hollingsworth Fam Collections
Hof
Grant Deed
$351,135 · Farmers & Merchants Bk & Tr
Apr 23, 2002
—
Hof Partnership
Hof LLC
Quit Claim 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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