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Property profile & analytics
OFF-MARKET
Retail space
1205 Shields Fry Rd Morristown, TN 37814-2939
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-2431930
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1976
Construction
WOOD
Total area
4,200 SF
Lot
0.34 ac (14,810 SF)
Zoning code
R2
APN
032033D I 01105
UPID
US80-2431930
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
-
City Smoke Shop LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Boghani Properties LLC · 3 yrs held
Boghani Properties LLC
since 2023
Last sale
$400,000
5 recorded transactions
Zoning & alternative use
R2 · Morristown, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This is a residential district to provide for medium population density, the principal uses of land may range from single family to medium density multi family apartment uses, certain uses which are more compatible functionally with intensive residential uses than with commercial uses are permitted
Zone name
Medium Density Residential District
General category
COMMERCIAL
Zone area
5,094.05 ac
Source
Realmo
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 Morristown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morristown 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$55,720
Assessed 2023
Previous assessed
$55,720
+0.0% YoY
Assessed land
$8,040
Assessed improvement
$47,680
Land market value
$20,100
Improvement market value
$119,200
Total market value
$139,300
Applied tax rate
32.0000
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
1976
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
1
Rooms
2
Bathrooms
1
Total area
4,200 SF
Lot
0.34 ac (14,810 SF)
Zoning code
R2
APN
032033D I 01105
UPID
US80-2431930
Jurisdiction
HAMBLEN
Zoning & alternative use
R2 · Morristown, TNZoning R2 · permitted uses
R2 · Morristown, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This is a residential district to provide for medium population density, the principal uses of land may range from single family to medium density multi family apartment uses, certain uses which are more compatible functionally with intensive residential uses than with commercial uses are permitted
Zone name
Medium Density Residential District
General category
COMMERCIAL
Zone area
5,094.05 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1976
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
2
Bathrooms
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Boghani Properties LLC
Entity
Mailing address
1205 SHIELDS FRY RD, MORRISTOWN, TN 37814-2939
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2023
$400,000
Boghani Properties LLC
H A Harris
Warranty Deed
$200,000 · Peoples Bank Of The South
Feb 6, 1998
$72,000
H A Harris
—
Grant Deed
related
—
Sep 30, 1991
$67,300
Kenneth Jenkins
Unknown
Grant Deed
—
Jul 9, 1990
$39,000
Betty Fraley
Unknown,
Grant Deed
—
Jul 17, 1989
$33,500
D D Roberts
Unknown,
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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