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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Grocery and convenience stores
1569 Broad St Cookeville, TN 38501-2105
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US80-0902077
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2005
Total area
3,444 SF
Lot
1.29 ac (56,192 SF)
APN
071039N A 01500
UPID
US80-0902077
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
-
Exxon Gas Station
-
ATM (Tiger Market) Atm
-
Western Union Bank Credit Union
-
7-Eleven Grocery & Convenience Store
-
7eleven11seventyseven7117lolrekd Anime Club
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$830k
Comparable Approach
Comparable
$658k
Blend (final)
Blend
$600k
Owner & transaction history
Heer Food Store LLC · 1 yrs held
Heer Food Store LLC
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$455,000
+13.2%
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 Cookeville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cookeville 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$900,000
6.5%
$830,000
7%
$770,000
Alternative Use
Use
Estimation
RETAIL STORES
$400,000
Current use
COMMERCIAL (GENERAL)
$455,000
Change: +13% · Conversion: Easy
Blend value · Realmo final
$600k
Range $540k – $660k · ±10%
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
$174 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$7,976
Tax year 2022
Assessed value
$242,280
Assessed 2023
Previous assessed
$242,280
+0.0% YoY
Effective rate
3.29%
On assessed value
Assessed land
$56,760
Assessed improvement
$185,520
Land market value
$141,900
Improvement market value
$463,800
Total market value
$605,700
Applied tax rate
71.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
2005
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
1
Total area
3,444 SF
Lot
1.29 ac (56,192 SF)
APN
071039N A 01500
UPID
US80-0902077
Jurisdiction
PUTNAM
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
$400,000
COMMERCIAL (GENERAL)
Est. value
$455,000
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
2005
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
1.29 ac
Current owner
From public records · entity-resolved
Heer Food Store LLC
Entity
Mailing address
2424 RDG RD, ROCKWALL, TX 75087-5116
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 2025
—
Heer Food Store LLC
Sei Fuel Services INC
Deed
$140,000 · Sei Fuel Services INC
Feb 14, 2025
$3,450,000
Heer Food Store LLC
7eleven INC
Special Warranty Deed
$1,765,000 · One Bank Of Tennessee
Jan 31, 2018
$1,377,000
7-eleven INC
Macs Retail LLC
Grant Deed
—
May 12, 2014
—
Southside Oil LLC
Tiger Management Group LLC
Grant Deed
related
—
Jan 13, 2005
$480,000
Real Estate Inv Group LLC
Pippin,richard C & Peggy S
Warranty Deed
—
Jun 1, 1999
$212,500
Allen Leveque
Dyer,roger
Grant Deed
—
May 9, 1995
$85,000
Vickie Dyer
Unknown,
Grant Deed
$100,000 · Citizens Federal Bank Fsb
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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