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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Retail space
117 Main St Jonesborough, TN 37659-1317
Individually Owned
1-yr Hold
Free & Clear
Property ID
US80-0407772
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1900
Total area
8,250 SF
Lot
28 ac (1,219,680 SF)
Zoning code
HB-2
APN
060A E 01800
UPID
US80-0407772
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
-
Main Street Cafe & Catering Restaurant
-
Gabriel's Christmas & More Home Decor Store Party Supply Store
-
FitMeals Prepared Ahead by Main Street Catering Take-out & Catering Catering Service
-
Keith Dixon Studios Wedding Service Photography Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$520k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$764k
Blend (final)
Blend
$625k
Owner & transaction history
Board Of Mayor & Aldermen Of Jonesb · 1 yrs held
Board Of Mayor & Aldermen Of Jonesb
since 2025
4 recorded transactions
Zoning & alternative use
HB-2 · Jonesborough, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$890,000
+13.5%
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 Jonesborough submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jonesborough 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
$485,000
ML approach
$520,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$785,000
Current use
COMMERCIAL (GENERAL)
$890,000
Change: +14% · Conversion: Easy
Blend value · Realmo final
$625k
Range $563k – $688k · ±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
$76 / 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
$222,640
Assessed 2023
Previous assessed
$222,640
+0.0% YoY
Assessed land
$28,560
Assessed improvement
$194,080
Land market value
$71,400
Improvement market value
$485,200
Total market value
$556,600
Applied tax rate
90.0000
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
Cooling
YES
Stories
1
Units
1
Rooms
1
Bathrooms
2
Total area
8,250 SF
Lot
28 ac (1,219,680 SF)
Zoning code
HB-2
APN
060A E 01800
UPID
US80-0407772
Jurisdiction
WASHINGTON
Zoning & alternative use
HB-2 · Jonesborough, TNZoning HB-2 · permitted uses
HB-2 · Jonesborough, TN
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
$785,000
COMMERCIAL (GENERAL)
Est. value
$890,000
RETAIL STORES Current
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
1900
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
1
Bathrooms
2
Lot
28 ac
Current owner
From public records · entity-resolved
Board Of Mayor & Aldermen Of Jonesb
Individual
Free & Clear · 1 yrs held
Mailing address
PO BOX 902, JONESBOROUGH, TN 37659-0902
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2025
—
Board Of Mayor & Aldermen Of Jonesb
Cade Enterprise LLC
Quitclaim Deed
related
—
Aug 11, 2020
$512,500
Cade Ent LLC
Frank P Toscano
Warranty Deed
—
May 19, 2005
$465,000
Frank P Toscano
Crooked Creek Farm INC
Warranty Deed
—
Sep 24, 2002
$200,000
Crooked Creek Farm INC
Moore,carolyn D
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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