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    Property profile & analytics

    15516 State Rte 111 Spencer, TN 38585-3650

    • Retail space
    • 8,840 SF
    • 1.06 lot acres
    OFF-MARKET
    Value Estimation
    $480,000
    Last Sale
    Sep 28, 2021
    Location Intelligence
    Property ID
    US80-2230065
    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.

    Current Use by Public Records

    • Retail space

    Property Details for 15516 State Rte 111

    Year built
    2006
    Construction
    FRAME
    Lot size
    1.06 lot acres
    Property size
    8,840 SF
    Property type
    Retail space
    APN
    088030C A 01500
    APU
    088030CA01500

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Spencer
    County
    Van Buren
    State
    Tennessee
    Longitude
    -85.4564
    Latitude
    35.7506

    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
    2023
    $4,868
    $33,920
    $168,920
    $202,840
    -
    $84,800
    $422,300
    $507,100

    Comparable in this City

    • Value Estimation by Request
      1,200 SF

      2509 Highland Dr

      RETAIL STORES (PERSONAL SERVICES) • 1,200 SF
      2509 Highland Dr, Spencer, TN 38585-4724
      View Details
    • Value Estimation by Request
      4,608 SF

      168 Hummingbird Trl

      RETAIL STORES (PERSONAL SERVICES) • 4,608 SF
      168 Hummingbird Trl, Spencer, TN 38585
      View Details
    • Value Estimation by Request
      1,800 SF

      750 Memory Ln

      RETAIL STORES (PERSONAL SERVICES) • 1,800 SF
      750 Memory Ln, Spencer, TN 38585-1004
      View Details
    • Value Estimation by Request
      4,032 SF

      272 College St

      RETAIL STORES (PERSONAL SERVICES) • 4,032 SF
      272 College St, Spencer, TN 38585-3214
      View Details
    • Value Estimation by Request
      4,752 SF

      179 College St

      RETAIL STORES (PERSONAL SERVICES) • 4,752 SF
      179 College St, Spencer, TN 38585
      View Details
    • Value Estimation by Request
      550 SF

      158 Spg St

      RETAIL STORES (PERSONAL SERVICES) • 550 SF
      158 Spg St, Spencer, TN 38585-3028
      View Details

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    15516 State Rte 111
    Spencer, TN 38585-3650
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    Realmo Value Estimation

    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.

    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.

    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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