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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Retail space
119-121 Main St Mcminnville, TN 37110
Entity Owned
3-yr Hold
Free & Clear
Property ID
US80-1978887
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1925
Total area
14,784 SF
Lot
0.34 ac (14,664 SF)
APN
089068E M 00100
UPID
US80-1978887
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
$675k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$678k
Blend (final)
Blend
$700k
Owner & transaction history
Warren Street Properties LLC · 3 yrs held
Warren Street Properties LLC
since 2022
Last sale
$725,000
7 recorded transactions
Zoning & alternative use
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 Mcminnville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mcminnville 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
$645,000
ML approach
$675,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$700k
Range $630k – $770k · ±10% · vs last sale $725k (Oct 3 2022)
Last sale anchor
$725k
Oct 3 2022
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
$47 / 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
$172,080
Assessed 2023
Previous assessed
$136,440
+26.1% YoY
Assessed land
$28,360
Assessed improvement
$143,720
Land market value
$70,900
Improvement market value
$359,300
Total market value
$430,200
Applied tax rate
89.0000
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
1925
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
3
Total area
14,784 SF
Lot
0.34 ac (14,664 SF)
APN
089068E M 00100
UPID
US80-1978887
Jurisdiction
WARREN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1925
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
3
Lot
0.34 ac
Current owner
From public records · entity-resolved
Warren Street Properties LLC
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 332310, MURFREESBORO, TN 37133-2310
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2022
$725,000
Warren Street Properties LLC
James Totherow III
Warranty Deed
—
Jul 19, 2018
—
James E Totherow III
—
Deed
related
$75,000 · First Nat'l Bk/middle Tn
Oct 3, 2012
$250,000
Totherow,james E III & Jennifer B
Williamson,jerry & Linda
Warranty Deed
$215,416 · Homeland Cmnty Bk
Apr 20, 1990
$3,166,667
Jerry Williamson
Unknown
Grant Deed
—
Apr 15, 1988
$3,166,667
Jerry Williamson
Unknown,
Grant Deed
—
Apr 12, 1988
$3,166,667
Jerry Williamson
Unknown,
Grant Deed
—
—
—
James Totherow III
—
Deed Of Trust
related
$288,393 · First Nat'l Bk/middle Tn
—
—
James E Totherow III
—
Deed Of Trust
related
$75,000 · First Nat'l Bk/middle Tn
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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