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Property profile & analytics
OFF-MARKET
Estimated value
$935,000
Retail space
1115 Shady Cv Rd Castalian Springs, TN 37031-4500
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US80-1005749
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1975
Total area
4,020 SF
Lot
3.02 ac (131,551 SF)
APN
083128 01500
UPID
US80-1005749
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
-
Shady Cove Resort, Marina & Campground LLC Campground & RV Park
-
Music City Pool League Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.30M
Blend (final)
Blend
$935k
Owner & transaction history
Blue Gate Shady Cove Owner LLC · 1 yrs held
Blue Gate Shady Cove Owner LLC
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.5M
+102.3%
Medical building
$1.5M
+94.8%
Commercial (general)
$915,000
+20.4%
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 Castalian Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Castalian Springs 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
RETAIL STORES
$760,000
Current use
AUTO REPAIR, GARAGE
$1,535,000
Change: +102% · Conversion: Difficult
MEDICAL BUILDING
$1,480,000
Change: +95% · Conversion: Difficult
COMMERCIAL (GENERAL)
$915,000
Change: +20% · Conversion: Easy
Blend value · Realmo final
$935k
Range $842k – $1.03M · ±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
$233 / 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
$14,935
Tax year 2023
Assessed value
$663,200
Assessed 2023
Previous assessed
$663,200
+0.0% YoY
Effective rate
2.25%
On assessed value
Assessed land
$144,640
Assessed improvement
$518,560
Land market value
$361,600
Improvement market value
$1,296,400
Total market value
$1,658,000
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
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
1975
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Bathrooms
1
Total area
4,020 SF
Lot
3.02 ac (131,551 SF)
APN
083128 01500
UPID
US80-1005749
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
$760,000
AUTO REPAIR, GARAGE
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$915,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1975
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
1
Lot
3.02 ac
Current owner
From public records · entity-resolved
Blue Gate Shady Cove Owner LLC
Entity
Mailing address
1115 SHADY CV RD, CASTALIAN SPRINGS, TN 37031-4500
Mailing matches property
Yes
Owner-occupied
Yes
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
23 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 20, 2025
$6,200,000
Blue Gate Shady Cove Owner LLC
Shady Cove Resort & Marina LLC
Special Warranty Deed
$3,400,000 · Servisfirst Bank
Jun 20, 2025
—
Blue Gate Shady Cove Owner LLC
Shady Cove Resort & Marina LLC
Quitclaim Deed
related
—
May 14, 2010
—
Shady Cove Resort & Marina LLC
—
Trustees Deed
related
$200,000 · Commerce Union Bank
Dec 12, 2005
$550,000
Shady Cove Resort & Marina LLC
Lake Donald M & K C Trust
Warranty Deed
$800,000 · Cumberland Bank
Jul 6, 2000
$575,000
Lake Trust
Webb,martin & Mara
Grant Deed
—
Jun 27, 2000
$450,000
Martin Webb
Dearlove,timothy & Jeannine
Grant Deed
—
Jul 13, 1999
$100
Albert D Hasting
Biggs,george W & Glenda J
Grant Deed
related
—
Sep 28, 1994
—
James Flick
—
Deed Of Trust
related
—
Jul 23, 1992
$195,000
Flick James
Unknown
Grant Deed
—
Mar 1, 1990
$173,340
John H Wolever
Unknown,
Grant Deed
—
—
—
Shady Covee Resort & Marina LLC
—
Loan Modification
related
—
—
—
Shady Cove Resort & Marina LLC
—
Loan Modification
related
—
—
—
Shady Cove Resort & Marina LLC
—
Deed Of Trust
related
$200,000 · Citizens Federal Bank Fsb
—
—
Shady Cove Resort & Marina LLC
—
Loan Modification
related
—
—
—
Shady Cove Resort & Marina LLC
—
Loan Modification
related
—
—
—
Shady Cove Resort & Marina LLC
—
Deed Of Trust
related
$240,000 · Commerce Union Bank
—
—
Shady Cove Resort & Marina LLC
—
Deed Of Trust
related
$826,706 · Commerce Union Bank
—
—
Shady Cove Resort & Marina LLC
—
Deed Of Trust
related
$240,000 · Commerce Union Bank
—
—
Shady Cove Resort & Marina LLC
—
Deed Of Trust
related
$796,000 · Commerce Union Bank
—
—
Shady Cove Resort & Marina LLC
—
Deed Of Trust
related
$200,000 · Commerce Union Bk
—
—
Shady Cove Resort & Marina LLC
—
Loan Modification
related
$500,000 · Commerce Union Bk
—
—
Shady Cove Resort & Marina LLC
—
Deed Of Trust
related
$266,812 · Commerce Union Bank
—
—
Shady Cove Resort & Marina LLC
—
Deed Of Trust
related
$266,812 · Commerce Union Bank
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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