Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$5,870,000
Assisted living facilities
1340 Grundy Quarles Hwy Gainesboro, TN 38562-6001
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US80-1682515
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1979
Total area
31,143 SF
Lot
6.33 ac (275,735 SF)
Zoning code
R-2
APN
044044 03903
UPID
US80-1682515
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 Waters of Gainesboro Nursing Home
-
Reliant Rehabilitation Health
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.87M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.87M
Owner & transaction history
1340 North Grundy Quarles Highway L · 1 yrs held
1340 North Grundy Quarles Highway L
since 2024
Last sale
$5.9M
7 recorded transactions
Zoning & alternative use
R-2 · Gainesboro, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Gainesboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gainesboro 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
$5,870,000
ML approach
$5,870,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.87M
Range $5.28M – $6.46M · ±10% · vs last sale $5.87M (Oct 3 2024)
Last sale anchor
$5.87M
Oct 3 2024
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
$188 / 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
$2,418,000
Assessed 2023
Previous assessed
$2,418,000
+0.0% YoY
Assessed land
$29,360
Assessed improvement
$2,388,640
Land market value
$73,400
Improvement market value
$5,971,600
Total market value
$6,045,000
Applied tax rate
44.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1979
Heating
YES
Cooling
AC.PACKAGE
Buildings
4
Stories
1
Units
1
Bathrooms
78
Total area
31,143 SF
Lot
6.33 ac (275,735 SF)
Zoning code
R-2
APN
044044 03903
UPID
US80-1682515
Jurisdiction
JACKSON
Zoning & alternative use
R-2 · Gainesboro, TN
Zoning R-2 · permitted uses
R-2 · Gainesboro, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gainesboro. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1979
Heating
YES
Cooling
Yes
Stories
1
Buildings
4
Units
1
Bathrooms
78
Lot
6.33 ac
Current owner
From public records · entity-resolved
1340 North Grundy Quarles Highway L
Individual
Mailing address
6101 N NIMTZ PKWY, SOUTH BEND, IN 46628-6111
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2024
$5,870,000
1340 North Grundy Quarles Highway L
Thomas J Mabry And Associates INC
Warranty Deed
—
Apr 23, 2021
—
Thomas J Mabry And Association INC
—
Deed
related
$3,200,000 · Citizens Bank Of Lafayette
Jul 5, 2018
—
Thomas J Mabry & Associates INC
—
Deed
related
$1,275,245 · Putnam 1st Mercantile Bank
Aug 15, 2008
—
Thomas J Mabry & Assocs INC
—
Trustees Deed
related
$1,750,000 · First Tn Bkng NA
Apr 8, 2008
—
Thomas J Mabry & Associates
—
Trustees Deed
related
$200,000 · First Tn Bkng NA
Sep 15, 2004
—
Thomas J Mabry & Associaties I
—
Trustees Deed
related
$749,357 · First Tn Bkng NA
Apr 13, 1993
$750
Thomas J Mabry
Unknown
Grant Deed
related
—
Apr 1, 1992
$1,250,000
Thomas J Mabry
Unknown,
Grant Deed
—
—
—
Thomas J Mabry & Assocs INC
—
Deed Of Trust
related
$1,756,057 · Community Bk/cumberlands
—
—
Thomas J Mabry & Associates
—
Deed Of Trust
related
$168,607 · First Tn Bkng NA
—
—
Thomas J Mabry & Assocs INC
—
Deed Of Trust
related
$175,500 · First Tn Bkng NA
—
—
Thomas J Mabry & Assocs INC
—
Deed Of Trust
related
$366,211 · Community Bk/cumberlands
—
—
Thomas J Mabry & Assocs INC
—
Deed Of Trust
related
$300,000 · Community Bk/cumberlands
—
—
Thomas J Mabry & Assocs INC
—
Loan Modification
related
$303,631 · First Tn Bkng NA
—
—
Thomas J Mabry & Associates
—
Deed Of Trust
related
$201,067 · First Tn Bkng NA
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 1340 Grundy Quarles Hwy?
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.
