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Property profile & analytics
OFF-MARKET
Estimated value
$3,045,000
Grocery and convenience stores
1204 Hwy 321st N Lenoir City, TN 37771-6765
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US80-1925930
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2002
Construction
FRAME
Total area
17,984 SF
Lot
1.4 ac (60,984 SF)
Zoning code
C-4
APN
053015 04700
UPID
US80-1925930
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
-
Citgo Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.91M
CAP Approach
CAP
$3.98M
Comparable Approach
Comparable
$3.63M
Blend (final)
Blend
$3.05M
Owner & transaction history
American Petro Properties LLC · 6 yrs held
American Petro Properties LLC
since 2020
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
C-4 · Lenoir City, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.6M
+111.7%
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 Lenoir City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lenoir City 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
$3,775,000
ML approach
$2,910,000
CAP Approach
CAP Return
Estimation
6%
$4,305,000
6.5%
$3,975,000
7%
$3,690,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,190,000
Current use
COMMERCIAL (GENERAL)
$4,640,000
Change: +112% · Conversion: Easy
Blend value · Realmo final
$3.05M
Range $2.74M – $3.35M · ±10% · vs last sale $2.45M (May 21 2020)
Last sale anchor
$2.45M
May 21 2020
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
$169 / 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
$849,840
Assessed 2023
Previous assessed
$849,840
+0.0% YoY
Assessed land
$322,920
Assessed improvement
$526,920
Land market value
$807,300
Improvement market value
$1,317,300
Total market value
$2,124,600
Applied tax rate
53.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2002
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Units
1
Rooms
1
Bathrooms
3
Total area
17,984 SF
Lot
1.4 ac (60,984 SF)
Zoning code
C-4
APN
053015 04700
UPID
US80-1925930
Jurisdiction
LOUDON
Zoning & alternative use
C-4 · Lenoir City, TN
Zoning C-4 · permitted uses
C-4 · Lenoir City, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lenoir City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$4.6M
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
2002
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
1
Bathrooms
3
Lot
1.4 ac
Current owner
From public records · entity-resolved
American Petro Properties LLC
Entity
Mailing address
1204 HWY 321ST N, LENOIR CITY, TN 37771-6765
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2020
$2,450,000
American Petro Properties LLC
Bsb Holdings LLC
Warranty Deed
$2,652,000 · First Volunteer Bank
Mar 17, 2010
—
Bsb Holdings I LLC
Boling Simpson Boling Props
Quit Claim Deed
related
$907,000 · First Nat'l Bk/groesbeck
Jan 11, 2010
—
Bsb Holdings I LLC
—
Trustees Deed
related
—
Oct 19, 2009
—
Bsb Holdings 1 LLC
—
Trustees Deed
related
—
Oct 9, 2008
—
Simpson Boling I Boling
—
Trustees Deed
related
—
Mar 11, 2008
—
Simpson Boling I Boling
—
Trustees Deed
related
—
Dec 11, 2006
—
Simpson Boling 1 Boling
—
Trustees Deed
related
$250,000 · United Community Bank
—
—
Bsb Holdings II LLC
—
Deed Of Trust
related
$758,299 · First National Bank
—
—
Bsb Holdings I LLC
—
Loan Modification
related
$960,000 · First Nat'l Bk
—
—
Simpson Boling Boling
—
Deed Of Trust
related
$900,000 · United Community Bank Tn
—
—
Bsb Holdings I LLC
—
Deed Of Trust
related
$1,240,000 · First National Bank
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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