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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Grocery and convenience stores
1200 Browns Ml Rd Cookeville, TN 38506-6298
Individually Owned
2-yr Hold
Free & Clear
Property ID
US80-0438896
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,400 SF
Lot
0.93 ac (40,511 SF)
APN
071066 11208
UPID
US80-0438896
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
$670k
CAP Approach
CAP
$580k
Comparable Approach
Comparable
$459k
Blend (final)
Blend
$670k
Owner & transaction history
Gitaben Patel · 2 yrs held
Gitaben Patel
since 2024
Last sale
$670,000
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 Cookeville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cookeville 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
$670,000
ML approach
$670,000
CAP Approach
CAP Return
Estimation
6%
$625,000
6.5%
$580,000
7%
$535,000
Blend value · Realmo final
$670k
Range $603k – $737k · ±10% · vs last sale $670k (Jun 5 2024)
Last sale anchor
$670k
Jun 5 2024
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
$279 / 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
$5,944
Tax year 2022
Assessed value
$182,560
Assessed 2023
Previous assessed
$180,560
+1.1% YoY
Effective rate
3.26%
On assessed value
Assessed land
$80,800
Assessed improvement
$101,760
Land market value
$202,000
Improvement market value
$254,400
Total market value
$456,400
Applied tax rate
71.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
1
Total area
2,400 SF
Lot
0.93 ac (40,511 SF)
APN
071066 11208
UPID
US80-0438896
Jurisdiction
PUTNAM
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
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0.93 ac
Current owner
From public records · entity-resolved
Gitaben Patel
Individual
Free & Clear · 2 yrs held
Mailing address
71 WW RD STE DECLOSE, MC MINNVILLE, TN 37110-4760
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2024
—
Gitaben Patel
Gita Patel
Deed
related
—
Jun 5, 2024
—
Gitaben Patel
Gita Patel
Intrafamily Transfer
related
—
Jan 4, 2019
—
Pareshbhai G Patel
—
Deed
related
$556,150 · Homeland Cmnty Bk
Dec 13, 2018
$670,000
Pareshbhai G Patel
Holladay Express Shop Realty L
Warranty Deed
$556,150 · Homeland Cmnty Bk
Sep 15, 2011
$670,100
Express Shop Realty L Holladay
Dhs Dev LLC
Warranty Deed
—
Mar 8, 2005
$735,000
Dhs Dev LLC
Community Bank Of Cumberlands
Grant Deed
$735,000 · Community Bank Cumberlands
Nov 3, 2004
$748,000
Community Bank Of Cumberlands
Johnson Don O
Trustees Deed
related
—
—
—
Pareshbhai G Patel
—
Deed Of Trust
related
$556,150 · Homeland Cmnty Bk
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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