Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Grocery and convenience stores
12751 1st St Milan, TN 38358-5133
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-3144819
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2000
Total area
3,837 SF
Lot
1.98 ac (86,249 SF)
APN
143 03614
UPID
US80-3144819
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
-
Shell Gas Station
-
Pockets Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$590k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$536k
Blend (final)
Blend
$560k
Owner & transaction history
West Tennessee Properties LLC · 2 yrs held
West Tennessee Properties LLC
since 2023
Last sale
$555,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$500,000
+75.4%
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 Milan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milan 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
$475,000
ML approach
$590,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$500,000
Change: +75% · Conversion: Easy
Blend value · Realmo final
$560k
Range $504k – $616k · ±10% · vs last sale $555k (Sep 5 2023)
Last sale anchor
$555k
Sep 5 2023
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
$146 / 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
$353,320
Assessed 2023
Previous assessed
$353,320
+0.0% YoY
Assessed land
$73,520
Assessed improvement
$279,800
Land market value
$183,800
Improvement market value
$699,500
Total market value
$883,300
Applied tax rate
270,000,000.0000
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
2000
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
1
Total area
3,837 SF
Lot
1.98 ac (86,249 SF)
APN
143 03614
UPID
US80-3144819
Jurisdiction
GIBSON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$500,000
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
2000
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
1.98 ac
Current owner
From public records · entity-resolved
West Tennessee Properties LLC
Entity
Mailing address
70 HIGHVIEW LN, MURRAY, KY 42071-4860
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 10, 2025
—
West Tennessee Properties LLC
—
Deed
related
$6,000,000 · Regions Bank
Jun 6, 2025
—
West Tennessee Properties LLC
—
Deed
related
$1,241,362 · Regions Bank
Sep 5, 2023
—
West Tennessee Properties LLC
Charles E Baker
Quit Claim Deed
related
—
Jun 1, 2022
—
Charles E Baker
—
Deed
related
$1,000,000 · Regions Bank
Oct 29, 2020
—
Charles E Baker
—
Deed
related
—
May 5, 2020
—
Charles E Baker
—
Deed
related
$2,000,000 · Regions Bank
Sep 2, 2016
—
Charles E Baker
—
Trustees Deed
related
$1,800,000 · Regions Bk
Dec 10, 2011
—
Baker,charles E & Amy A
—
Grant Deed
related
$1,350,000 · Regions Bk/fayette
Apr 9, 2008
$555,000
Baker,charles E & Amy A
Luckys Holding Corp
Warranty Deed
$695,994 · Bank Of Milan
Oct 22, 1999
$150,000
Luckys Holding Corp
Cp Properties
Grant Deed
—
—
—
Baker,charles E & Amy A
—
Deed Of Trust
related
$901,318 · Regions Bk/fayette
—
—
Baker,charles E & Amy A
—
Deed Of Trust
related
—
—
—
Charles E Baker
—
Loan Modification
related
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 12751 1st St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
