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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Commercial real estate
1471 State Hwy 304 Ten Mile, TN 37880-5001
Individually Owned
15-yr Hold
Free & Clear
Property ID
US80-2331378
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1965
Construction
FRAME
Total area
17,640 SF
Lot
151 ac (6,577,560 SF)
Zoning code
FAR
APN
061035 00200
UPID
US80-2331378
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$660k
Owner & transaction history
David M Waters · 15 yrs held
David M Waters
since 2011
6 recorded transactions
Zoning & alternative use
FAR · Ten Mile, 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 Ten Mile submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ten Mile 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
$37 / 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
$1,502
Tax year 2023
Assessed value
$88,975
Assessed 2023
Previous assessed
$88,975
+0.0% YoY
Effective rate
1.69%
On assessed value
Assessed land
$49,975
Assessed improvement
$39,000
Land market value
$653,000
Improvement market value
$156,000
Total market value
$809,000
Applied tax rate
61.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1965
Construction
FRAME
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Bathrooms
0
Total area
17,640 SF
Lot
151 ac (6,577,560 SF)
Zoning code
FAR
APN
061035 00200
UPID
US80-2331378
Jurisdiction
MEIGS
Zoning & alternative use
FAR · Ten Mile, TN
Zoning FAR · permitted uses
FAR · Ten Mile, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ten Mile. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1965
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Bathrooms
0
Lot
151 ac
Current owner
From public records · entity-resolved
David M Waters
Individual
Free & Clear · 15 yrs held
Mailing address
715 DEARMOND RD, DECATUR, TN 37322-8083
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2011
—
David M Waters
Waters,david M & Verlinda C
Quit Claim Deed
related
—
Sep 23, 2010
—
Davide M Waters
Waters,david M & Verlinda C
Quit Claim Deed
related
—
Apr 13, 2004
$19,470
David M Etal Waters
—
Grant Deed
related
—
Dec 19, 2002
$19,470
David M Etal Waters
—
Grant Deed
—
Jan 20, 1995
$11,150
Betty Thompson
—
Grant Deed
related
—
Jan 9, 1995
$12,363
David Waters
Thompson,betty
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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