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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
15423 Rankin Ave Dunlap, TN 37327-7015
Individually Owned
5-yr Hold
Free & Clear
Property ID
US80-0614620
Property summary
AI-generated overview
This exceptional mixed-use property, located at 15423 Rankin Ave in Dunlap, Tennessee, presents a unique redevelopment opportunity. The 420-square-foot building, constructed in 1955, sits on a generous 0.94-acre lot, offering significant potential for expansion or repurposing. Priced at $699,000, this translates to $1,664.29 per square foot. The property's strategic location in the heart of the Sequatchie Valley provides excellent visibility and accessibility. Its proximity to established businesses, such as O'Reilly Auto Parts, ensures a high level of foot traffic and commercial activity. The substantial lot size allows for a variety of development options, making this an ideal investment for entrepreneurs and developers seeking a prime location in a thriving small town. The property is being offered for sale by owner and is classified as a commercial small town investment type. This is a rare chance to acquire a versatile property with significant upside potential in a desirable Tennessee community. The property consists of one building.
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1955
Total area
1,420 SF
Lot
0.96 ac (42,000 SF)
Zoning code
FLOOD
APN
077048E J 00500
UPID
US80-0614620
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
-
Cars Complete Auto Repair Service, LLC Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Billie M Layne · 5 yrs held
Billie M Layne
since 2021
Last sale
$95,000
3 recorded transactions
Zoning & alternative use
FLOOD · Dunlap, 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 Dunlap submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dunlap 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
—
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
$1,703
Tax year 2023
Assessed value
$70,520
Assessed 2023
Previous assessed
$60,040
+17.5% YoY
Effective rate
2.41%
On assessed value
Assessed land
$57,200
Assessed improvement
$13,320
Land market value
$143,000
Improvement market value
$33,300
Total market value
$176,300
Applied tax rate
77.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1955
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Rooms
2
Bathrooms
1
Total area
1,420 SF
Lot
0.96 ac (42,000 SF)
Zoning code
FLOOD
APN
077048E J 00500
UPID
US80-0614620
Jurisdiction
SEQUATCHIE
Zoning & alternative use
FLOOD · Dunlap, TN
Zoning FLOOD · permitted uses
FLOOD · Dunlap, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Dunlap. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1955
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Rooms
2
Bathrooms
1
Lot
0.96 ac
Current owner
From public records · entity-resolved
Billie M Layne
Individual
Free & Clear · 5 yrs held
Mailing address
PO BOX 325, DUNLAP, TN 37327-0325
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2021
—
Billie M Layne
Billie M Layne
Intrafamily Transfer
related
—
May 8, 2018
$95,000
Billie M Layne
Cunningham,kathleen M
Warranty Deed
$85,500 · Citizens Tri-cnty Bk
—
—
Kathleen M Cunningham
—
Deed Of Trust
related
$83,000 · Citizens Tri-cnty 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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