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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Grocery and convenience stores
16289 Hwy 70th E Lenoir City, TN 37772-5483
Individually Owned
7-yr Hold
Free & Clear
Property ID
US80-0474680
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1993
Total area
3,564 SF
Lot
0.98 ac (42,689 SF)
Zoning code
C-2
APN
053007 04800
UPID
US80-0474680
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$340k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$719k
Blend (final)
Blend
$540k
Owner & transaction history
Linda F Gouge · 7 yrs held
Linda F Gouge
since 2018
7 recorded transactions
Zoning & alternative use
C-2 · Lenoir City, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$885,000
+103.5%
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 Lenoir City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lenoir City 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
$340,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$435,000
Current use
COMMERCIAL (GENERAL)
$885,000
Change: +103% · Conversion: Easy
Blend value · Realmo final
$540k
Range $486k – $594k · ±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
$152 / 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
$342,200
Assessed 2023
Previous assessed
$342,200
+0.0% YoY
Assessed land
$186,480
Assessed improvement
$155,720
Land market value
$466,200
Improvement market value
$389,300
Total market value
$855,500
Applied tax rate
53.0000
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
1993
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
1
Rooms
1
Bathrooms
0
Total area
3,564 SF
Lot
0.98 ac (42,689 SF)
Zoning code
C-2
APN
053007 04800
UPID
US80-0474680
Jurisdiction
LOUDON
Zoning & alternative use
C-2 · Lenoir City, TN
Zoning C-2 · permitted uses
C-2 · Lenoir City, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lenoir City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$435,000
COMMERCIAL (GENERAL)
Est. value
$885,000
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
1993
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Rooms
1
Bathrooms
0
Lot
0.98 ac
Current owner
From public records · entity-resolved
Linda F Gouge
Individual
Free & Clear · 7 yrs held
Mailing address
16289 HWY 70TH E, LENOIR CITY, TN 37772-5483
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
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 24, 2018
$132,000
Linda F Gouge
Campbell Alvah L
Warranty Deed
—
May 22, 2015
$1,025,000
Imdv INC
Retco Properties LLC
Warranty Deed
$820,000 · Foothills Bk&tr
Oct 22, 2013
$3,404,148
Retco Properties LLC
Tennessee Retail Props LLC
Warranty Deed
$3,404,148 · United Community Bank
Jan 13, 2012
—
Tennessee Retail Props LLC
—
Deed Of Trust
related
$3,653,000 · United Community Bank
Nov 16, 2006
$2,265,000
Tennessee Retail Props LLC
Browder Properties LLC
Grant Deed
$3,800,000 · American Trust Bank E Tn
Jun 8, 2004
$742,900
Browder Properties LLC
Bsb Holdings III
Trustees Deed
—
Jun 8, 2004
—
Bsb Holdings III LLC
Boling,simpson B
Trustees Deed
related
—
Nov 20, 1992
$8,750
Edward S Boling
Unknown
Grant Deed
—
Jul 9, 1992
$150,000
Edward S Boling
Unknown,
Grant Deed
—
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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