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    1182 E Main St Parsons, TN 38363

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    1182 E Main St Parsons, TN 38363

    View on Map
    • Retail space
    • 8,350 SF
    • 1.19 lot acres
    For Sale
    $1,500,000
    View Listing →
    Turnkey Grocery Store Opportunity For Sale
    $1,500,000
    7,140 SF

    Turnkey Grocery Store Opportunity

    Established grocery store for sale with a long-standing reputation.

    1182 E Main Street, Parsons, TN 38363
    View Listing
    Property ID
    US80-3384718
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Save A Lot / Grocery & Convenience Store / Food Market

    Property Details for 1182 E Main St

    Year built
    1965
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.19 lot acres
    Property size
    8,350 SF
    Zone code
    B1
    Property type
    Retail space
    APN
    020053 00201
    APU
    2005300201

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $570,000
      Market price range: $393k - $1.23M
      AI Estimate
      $532,000
      Market price range: $320k - $1.03M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $740,000
      Current use
      COMMERCIAL (GENERAL)
      $670,000
      Change: -10% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Parsons
    County
    Decatur
    State
    Tennessee
    Longitude
    -88.1068
    Latitude
    35.6463

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $7,160
    $98,680
    $105,840
    -
    $17,900
    $246,700
    $264,600

    Comparable in this City

    • Value Estimation by Request
      925 SF

      85 10th N Ave

      RETAIL STORES (PERSONAL SERVICES) • 925 SF
      85 10th N Ave, Parsons, TN 38363-2011
      View Details
    • Value Estimation by Request
      3,375 SF

      2111 Hwy 412th E

      RETAIL STORES (PERSONAL SERVICES) • 3,375 SF
      2111 Hwy 412th E, Parsons, TN 38363-3307
      View Details
    • Value Estimation by Request
      3,600 SF

      3719 Hwy 412th E

      RETAIL STORES (PERSONAL SERVICES) • 3,600 SF
      3719 Hwy 412th E, Parsons, TN 38363-3626
      View Details
    • Value Estimation by Request
      2,112 SF

      4238 Hwy 412th E

      RETAIL STORES (PERSONAL SERVICES) • 2,112 SF
      4238 Hwy 412th E, Parsons, TN 38363-3613
      View Details
    • Value Estimation by Request
      1,440 SF

      Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,440 SF
      Main St, Parsons, TN 38363
      View Details
    • Value Estimation by Request
      630 SF

      84 Main St

      RETAIL STORES (PERSONAL SERVICES) • 630 SF
      84 Main St, Parsons, TN 38363-2015
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      15,760 SF

      Highway Frontage Commercial Building

      Large commercial building on a corner lot with highway frontage.
      455 E Main St, Parsons, TN 38363
      View Details
    • Contact for pricing
      15,760 SF

      Large Commercial Building on Highway

      Spacious commercial building with retail and warehouse space available.
      455 E Main St, Parsons, TN 38363
      View Details
    • $1,500,000
      7,140 SF

      Turnkey Grocery Store Opportunity

      Established grocery store for sale with a long-standing reputation.
      1182 E Main St, Parsons, TN 38363
      View Details
    • $399,900
      7,600 SF

      Parsons Commercial Property For Sale

      Turnkey commercial property with rental building and leased warehouse.
      2210 S Highway 641 S, Parsons, TN 38363
      View Details
    • Contact for pricing

      181 Acres Bordering TN Refuge

      181 acres bordering TN Wildlife Refuge, ideal for hunting.
      2642 Brodies Landing Rd, Parsons, TN 38363
      View Details
    • Contact for pricing
      0.42 Acres

      Wooded Lot in Gated Community

      Wooded building lot with private boat ramp access.
      156 Iron Horse Trl, Parsons, TN 38363
      View Details
    View Listing
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    1182 E Main St
    Parsons, TN 38363
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    1182 E Main St, Parsons, TN, 38363

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