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Property profile & analytics
OFF-MARKET
Commercial real estate
1131 1st Ave Mt Pleasant, TN 38474-3222
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-0841578
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1987
Construction
WOOD
Total area
3,120 SF
Lot
1.4 ac (60,984 SF)
Zoning code
M2
APN
060133 01702
UPID
US80-0841578
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
-
Southern CDL Training Training Center
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
Matthew Blair Zeiner · 2 yrs held
Matthew Blair Zeiner
since 2024
Last sale
$440,000
7 recorded transactions
Zoning & alternative use
M2 · Mt Pleasant, 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 Mt Pleasant submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mt Pleasant 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
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$3,027
Tax year 2023
Assessed value
$84,080
Assessed 2023
Previous assessed
$84,080
+0.0% YoY
Effective rate
3.60%
On assessed value
Assessed land
$44,800
Assessed improvement
$39,280
Land market value
$112,000
Improvement market value
$98,200
Total market value
$210,200
Applied tax rate
60.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1987
Construction
WOOD
Heating
YES
Stories
1
Units
1
Bathrooms
0
Total area
3,120 SF
Lot
1.4 ac (60,984 SF)
Zoning code
M2
APN
060133 01702
UPID
US80-0841578
Jurisdiction
MAURY
Zoning & alternative use
M2 · Mt Pleasant, TN
Zoning M2 · permitted uses
M2 · Mt Pleasant, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mt Pleasant. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1987
Construction
WOOD
Heating
YES
Stories
1
Units
1
Bathrooms
0
Lot
1.4 ac
Current owner
From public records · entity-resolved
Matthew Blair Zeiner
Individual
Mailing address
1045 CLAREMONT DR, COLUMBIA, TN 38401-6221
Ownership since
2024
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
Jun 14, 2024
$440,000
Matthew Blair Zeiner
Mark A Hafner
Warranty Deed
$352,000 · United Community Bank
Nov 30, 2023
$325,000
Mark A Hafner
1131 1st Ave LLC
Special Warranty Deed
—
Mar 7, 2023
$285,000
1131 1st Ave LLC
Ajw Services LLC
Special Warranty Deed
—
Dec 27, 2021
$262,000
Ajw Services LLC
Gary King
Warranty Deed
—
Mar 16, 2021
—
Gary King
Gary King
Intrafamily Transfer
related
—
Feb 12, 1996
—
Gary King
—
Deed Of Trust
related
—
Oct 31, 1991
$78,000
Edward C Dangler
Unknown,
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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