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Property profile & analytics
OFF-MARKET
Estimated value
$1,710,000
Apartment buildings
11216 Gerber Rd Arlington, TN 38002
Entity Owned
Free & Clear
Property ID
US80-1976573
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1991
Total area
25,440 SF
Lot
4.1 ac (178,596 SF)
Zoning code
RS-13
APN
A01-41 - - -00222
UPID
US80-1976573
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.11M
Blend (final)
Blend
$1.71M
Owner & transaction history
ARLINGTON HOUSING ASSOCIATES I
ARLINGTON HOUSING ASSOCIATES I
Zoning & alternative use
RS-13 · Arlington, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of the RS-13, High Density Residential District, is to provide suitable areas that allow single family residential uses on smaller lots, having a density level no greater than 2.5 units per acre. These areas should be served by all municipal services.
Zone name
High Density Residential District
General category
RESIDENTIAL
Zone area
343.42 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$2.5M
+12.0%
Retail stores
$2.3M
+0.6%
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 Arlington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arlington 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
APARTMENT HOUSE (5+ UNITS)
$2,270,000
Current use
AUTO REPAIR, GARAGE
$2,545,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$2,285,000
Change: +1% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,265,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.71M
Range $1.54M – $1.88M · ±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
$67 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$22,070
Tax year 2022
Assessed value
$472,600
Assessed 2023
Previous assessed
$472,600
+0.0% YoY
Effective rate
4.67%
On assessed value
Assessed land
$82,160
Assessed improvement
$390,440
Land market value
$205,400
Improvement market value
$976,100
Total market value
$1,181,500
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1991
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Units
32
Bathrooms
1
Total area
25,440 SF
Lot
4.1 ac (178,596 SF)
Zoning code
RS-13
APN
A01-41 - - -00222
UPID
US80-1976573
Jurisdiction
SHELBY
Zoning & alternative use
RS-13 · Arlington, TNZoning RS-13 · permitted uses
RS-13 · Arlington, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of the RS-13, High Density Residential District, is to provide suitable areas that allow single family residential uses on smaller lots, having a density level no greater than 2.5 units per acre. These areas should be served by all municipal services.
Zone name
High Density Residential District
General category
RESIDENTIAL
Zone area
343.42 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.5M
RETAIL STORES
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1991
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
32
Bathrooms
1
Lot
4.1 ac
Current owner
From public records · entity-resolved
ARLINGTON HOUSING ASSOCIATES I
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 68, CLARKTON, MO 63837-0068
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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