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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Grocery and convenience stores
124 Watauga Ln Lookout Mountain, TN 37350-1356
Entity Owned
Free & Clear
Property ID
US80-1134791
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2009
Total area
3,621 SF
Lot
0.41 ac (17,744 SF)
Zoning code
C5
APN
166L E 009
UPID
US80-1134791
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
-
The Hive Community Center
-
Lookout Liquor and Wine (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
Mountain Barre Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$513k
Blend (final)
Blend
$670k
Owner & transaction history
Gooseward Properties LLC
Gooseward Properties LLC
since 2026
Last sale
$825,000
7 recorded transactions
Zoning & alternative use
C5 · Lookout Mountain, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$840,000
+95.4%
Auto repair, garage
$700,000
+62.3%
Commercial (general)
$555,000
+29.1%
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 Lookout Mountain submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lookout Mountain 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$430,000
Current use
MEDICAL BUILDING
$840,000
Change: +95% · Conversion: Difficult
AUTO REPAIR, GARAGE
$700,000
Change: +62% · Conversion: Difficult
COMMERCIAL (GENERAL)
$555,000
Change: +29% · Conversion: Easy
Blend value · Realmo final
$670k
Range $603k – $737k · ±10% · vs last sale $825k (Dec 19 2025)
Last sale anchor
$825k
Dec 19 2025
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
$185 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$3,651
Tax year 2023
Assessed value
$161,960
Assessed 2023
Previous assessed
$161,960
+0.0% YoY
Effective rate
2.25%
On assessed value
Land market value
$105,400
Improvement market value
$299,500
Total market value
$404,900
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
2009
Heating
NONE
Stories
1
Total area
3,621 SF
Lot
0.41 ac (17,744 SF)
Zoning code
C5
APN
166L E 009
UPID
US80-1134791
Jurisdiction
HAMILTON
Zoning & alternative use
C5 · Lookout Mountain, TN
Zoning C5 · permitted uses
C5 · Lookout Mountain, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lookout Mountain. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$430,000
MEDICAL BUILDING
Est. value
$840,000
AUTO REPAIR, GARAGE
Est. value
$700,000
COMMERCIAL (GENERAL)
Est. value
$555,000
RETAIL STORES Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
2009
Heating
NONE
Stories
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
Gooseward Properties LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 185, LOOKOUT MOUNTAIN, TN 37350-0185
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 8, 2026
—
Gooseward Properties LLC
Atticus Impact Investing LLC
Quitclaim Deed
—
Dec 19, 2025
$825,000
Atticus Impact Investing LLC
Ardent Chase LLC
Warranty Deed
—
Oct 17, 2025
—
Ardent Chase LLC
Blackhorn House LLC
Quitclaim Deed
related
—
Sep 17, 2018
—
Blackthorn House LLC
—
Deed
related
$329,146 · Citizens Bk
Oct 10, 2008
—
Blackthorn House LLC
Beltline At Howell Mill LLC
Quit Claim Deed
related
—
Jun 4, 2008
—
Hollin E Williams JR.
—
Trustees Deed
related
$300,000 · Gateway Bank & Trust
Jul 17, 2006
$90,000
Beltline At Howell Mill LLC
Maclellan Properties
Warranty Deed
$84,305 · Northwest Ga Bank
—
—
Tsbb I LLC
—
Deed Of Trust
related
$413,000 · Gateway Bank & Trust
—
—
Blackthorn House LLC
—
Deed Of Trust
related
$241,427 · Citizens Bank & Trust Co
—
—
Hollin E Williams JR.
—
Deed Of Trust
related
$432,000 · Gateway Bank & Trust
—
—
Blackthorn House LLC
—
Deed Of Trust
related
$329,146 · Citizens Bk
—
—
Blackthorn House LLC
—
Deed Of Trust
related
$307,368 · Citizens Bank & Trust Co
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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