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    1327 Rock Is Rd Rock Island, TN 38581-3926
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    Property profile & analytics

    1327 Rock Is Rd, Rock Island, TN 38581-3926

    View on Map
    • Grocery and convenience stores
    • 2,916 SF
    • 0.78 lot acres
    Off-Market
    Last Sale Jun 25, 2024
    $35,000
    Property ID
    US80-0684446
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • 21st Century Termite & Pest Control / Garden Center
    • Rock Island Insurance & Storage / Insurance Agency

    Property Details for 1327 Rock Is Rd

    Year built
    1952
    Lot size
    0.78 lot acres
    Property type
    Grocery and convenience stores
    APN
    089020A B 01800
    APU
    089020AB01800

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 1, 2026 — Gillentine Jason — Deed · related $203k · Security Federal Savings Bank
    Dec 23, 2025 — Jason Gillentine — Deed · related $203k · Security Federal Svgs Bank
    Sep 13, 2021 $65,000 Jason Gillentine Gene Bennett Warranty Deed —
    Jul 16, 1993 $15,000 Danny Lewis Cantrell Unknown, Grant Deed —
    Jul 13, 1993 $15,000 Danny Lewis Cantrell Unknown Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Rock Island
    County
    Warren
    State
    Tennessee
    Longitude
    -85.6128
    Latitude
    35.7941
    CBSA code
    32660
    CBSA name
    MCMINNVILLE, TN MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $4,400
    $12,840
    $17,240
    -
    $11,000
    $32,100
    $43,100

    Comparable in this City

    • Value Estimation
      $510,000
      2,752 SF

      499 Old Rock Is Rd

      GROCERY, SUPERMARKET
      499 Old Rock Is Rd, Rock Island, TN 38581-3618
      View Details
    • Value Estimation by Request
      1,650 SF

      114 Rock Is Rd

      GROCERY, SUPERMARKET
      114 Rock Is Rd, Rock Island, TN 38581-3920
      View Details
    • Value Estimation by Request
      1,428 SF

      9461 State Rte 30

      RETAIL STORES (PERSONAL SERVICES)
      9461 State Rte 30, Bone Cave, TN 38581-7419
      View Details
    • Value Estimation by Request
      3,239 SF

      1967 Rock Is Rd

      RETAIL STORES (PERSONAL SERVICES)
      1967 Rock Is Rd, Rock Island, TN 38581-3927
      View Details
    • Value Estimation
      $1,295,000
      9,398 SF

      66 Rock Is Rd

      RETAIL STORES (PERSONAL SERVICES)
      66 Rock Is Rd, Rock Island, TN 38581-3842
      View Details
    • Value Estimation
      $855,000
      5,596 SF

      1231 Rock Is Rd

      RETAIL STORES (PERSONAL SERVICES)
      1231 Rock Is Rd, Rock Island, TN 38581-3904
      View Details

    Similar Nearby for Sale

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      2.00 Acres

      Rock Island Waterfront Land

      2-acre waterfront lot with river frontage and dock permits.
      542 Rocky River Shores Dr, Rock Island, TN 38581
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    • $299,900
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      Rock Island Boat Storage Units

      Boat storage near Caney Fork, Collins, and Rocky Rivers.
      1538 Pine Bluff Rd, Rock Island, TN 38581
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    • New
      $184,000
      12.65 Acres

      Unrestricted Forest and Pasture Tract

      Unrestricted acreage with mature timber, rolling pasture, and three points of county road frontage for flexible build plans.
      7 W Of Barlow Rd, Rock Island, TN 38581
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    • $278,250

      Prime Tennessee Land with Creek

      18.55 acres of land with creek in Rock Island.
      1160 Kermet Turner Rd, Rock Island, TN 38581
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    • $98,500

      7.22 Acres of Land

      7.22 acres with mature trees and road frontage.
      1 Bone Cave Rd, Rock Island, TN 38581
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    • $99,000
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      Collins River Waterfront Lot

      1.895-acre waterfront lot on the Collins River.
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    Rock Island, TN 38581-3926
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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