Property profile

1616 Memorial Blvd Springfield, TN 37172

OFF-MARKET
Retail space
Property ID
US80-1538149
2,160 SF 0.22 ac lot Built 1961
Individually Owned 3-yr Hold Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1961
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,160 SF
Lot 0.22 ac (9,435 SF)
APN 074091C B 04100
UPID US80-1538149

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Grocery & Convenience Store Food Market
  • Bank Credit Union
  • Atm Bank
  • Bank Credit Union

Location

1616 Memorial Blvd Springfield, TN 37172-3727
Springfield metro Census 80401 NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$215k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2023
3 recorded transactions
2023
Price N/A
2019
Price N/A
2014
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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