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Property profile & analytics
OFF-MARKET
Estimated value
$2,690,000
Retail properties & Spaces
1496 Gtwy Ave Rockwood, TN 37854-4143
Entity Owned
4-yr Hold
Free & Clear
Property ID
US80-1485476
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
36,851 SF
Lot
13.8 ac (601,128 SF)
APN
073044 05700
UPID
US80-1485476
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
-
Flea World Market (Bike/Boat/Book/etc) Store
-
ATM Atm
-
Flea world cafe Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.63M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.72M
Blend (final)
Blend
$2.69M
Owner & transaction history
Ishaan Rock Wood LLC · 4 yrs held
Ishaan Rock Wood LLC
since 2021
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.4M
+57.5%
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 Rockwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rockwood 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
$2,745,000
ML approach
$2,625,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,150,000
Current use
COMMERCIAL (GENERAL)
$3,390,000
Change: +58% · Conversion: Easy
Blend value · Realmo final
$2.69M
Range $2.42M – $2.96M · ±10% · vs last sale $2.63M (Aug 10 2021)
Last sale anchor
$2.63M
Aug 10 2021
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
$73 / 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
$640,000
Assessed 2023
Previous assessed
$640,000
+0.0% YoY
Assessed land
$178,200
Assessed improvement
$461,800
Land market value
$445,500
Improvement market value
$1,154,500
Total market value
$1,600,000
Applied tax rate
73.0000
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
1
Rooms
18
Bathrooms
19
Total area
36,851 SF
Lot
13.8 ac (601,128 SF)
APN
073044 05700
UPID
US80-1485476
Jurisdiction
ROANE
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
RETAIL STORES Current
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$3.4M
RETAIL STORES Current
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
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Rooms
18
Bathrooms
19
Lot
13.8 ac
Current owner
From public records · entity-resolved
Ishaan Rock Wood LLC
Entity
Free & Clear · 4 yrs held
Mailing address
5675 JIMMY CARTER BLVD STE #500, NORCROSS, GA 30071-2938
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2021
$2,625,000
Ishaan Rock Wood LLC
Roane Wvr LLC
Special Warranty Deed
—
Apr 7, 2017
—
Roane Wvr LLC
—
Deed
related
$250,000 · Citizens Bk
Jan 17, 2017
—
Roane Wvr LLC
—
Deed
related
$250,000 · Citizens Bk
Nov 7, 2014
$2,800,000
Roane Wvr LLC
Midwest Rockwood LLC
Grant Deed
$1,820,000 · Citizens Bk
Feb 10, 1995
$7,000,000
Painewebber Retail Propert
Unknown,
Grant Deed
—
Feb 21, 1991
$7,000,000
Painewebber Retail Propert
Unknown
Grant Deed
—
—
—
Roane Wvr LLC
—
Deed Of Trust
related
$2,550,000 · Citizens Bank-state Street
—
—
Roane Wvr LLC
—
Deed Of Trust
related
$250,000 · Citizens Bk
—
—
Roane Wvr LLC
—
Deed Of Trust
related
$250,000 · Citizens Bk
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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