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Property profile & analytics
OFF-MARKET
Retail space
170 Broad St Cookeville, TN 38501-2462
Individually Owned
3-yr Hold
Free & Clear
Property ID
US80-0841210
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1930
Total area
2,164 SF
Lot
0.25 ac (10,980 SF)
Zoning code
LM
APN
071053G A 03000
UPID
US80-0841210
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
-
Southern Angels Boutique Clothing Store
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
Michael R Shelton · 3 yrs held
Michael R Shelton
since 2023
Last sale
$27,700
5 recorded transactions
Zoning & alternative use
LM · Cookeville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
2. In all zoning districts, except the CI, LM, HM and QM districts, razor wire, barbed wire and electric fences are prohibited except as follows: a. Barbed wire and electric fences are allowed when used to fence large livestock, provided such fencing is located no closer than ten (10) feet from any public street or sidewalk. b. Low voltage electric fences ar…
Zone name
Light Manufacturing
General category
INDUSTRIAL
Zone area
851.27 ac
Source
Supplemental Regulations
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
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 2022Property tax & assessments
Tax year 2022
Tax billed
$2,256
Tax year 2022
Assessed value
$89,520
Assessed 2023
Previous assessed
$68,520
+30.6% YoY
Effective rate
2.52%
On assessed value
Assessed land
$46,800
Assessed improvement
$42,720
Land market value
$117,000
Improvement market value
$106,800
Total market value
$223,800
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1930
Heating
CENTRAL
Buildings
2
Stories
1
Units
1
Bathrooms
2
Total area
2,164 SF
Lot
0.25 ac (10,980 SF)
Zoning code
LM
APN
071053G A 03000
UPID
US80-0841210
Jurisdiction
PUTNAM
Zoning & alternative use
LM · Cookeville, TNZoning LM · permitted uses
LM · Cookeville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
2. In all zoning districts, except the CI, LM, HM and QM districts, razor wire, barbed wire and electric fences are prohibited except as follows: a. Barbed wire and electric fences are allowed when used to fence large livestock, provided such fencing is located no closer than ten (10) feet from any public street or sidewalk. b. Low voltage electric fences are allowed for domestic pets and to protect gardens. S UP COOKEVILLE ZONING CODE
Zone name
Light Manufacturing
General category
INDUSTRIAL
Zone area
851.27 ac
Source
Supplemental Regulations
Building & site characteristics
From public records
Year built
1930
Heating
CENTRAL
Stories
1
Buildings
2
Units
1
Bathrooms
2
Lot
0.25 ac
Current owner
From public records · entity-resolved
Michael R Shelton
Individual
Free & Clear · 3 yrs held
Mailing address
821 N MAPLE AVE, COOKEVILLE, TN 38501-2753
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2023
—
Michael R Shelton
Michael R Shelton
Intrafamily Transfer
related
—
Jun 18, 2008
—
Shelton Barney M Trust
Shelton Barney
Quit Claim Deed
related
—
Jun 1, 2005
—
Shelton Barney M Trust
Shelton,barney M
Quit Claim Deed
related
—
Dec 10, 1996
—
B M Shelton
—
Deed Of Trust
related
—
Mar 7, 1991
$27,700
B M Shelton
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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