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Property profile & analytics
OFF-MARKET
Retail space
177 3rd St Selmer, TN 38375-2141
Entity Owned
7-yr Hold
Free & Clear
Property ID
US80-2571242
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1971
Total area
5,406 SF
Lot
0.12 ac (5,320 SF)
Zoning code
B2
APN
055089F C 01700
UPID
US80-2571242
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
-
Selmer Flower Shop (Bike/Boat/Book/etc) Store Florist
-
Walker Jeff Social Service Agency
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
J & T Walker INC · 7 yrs held
J & T Walker INC
since 2018
6 recorded transactions
Zoning & alternative use
B2 · Selmer, TN
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 Selmer submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Selmer 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
$1,172
Tax year 2022
Assessed value
$53,240
Assessed 2023
Previous assessed
$53,240
+0.0% YoY
Effective rate
2.20%
On assessed value
Assessed land
$8,800
Assessed improvement
$44,440
Land market value
$22,000
Improvement market value
$111,100
Total market value
$133,100
Applied tax rate
55.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1971
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Rooms
16
Bathrooms
2
Total area
5,406 SF
Lot
0.12 ac (5,320 SF)
Zoning code
B2
APN
055089F C 01700
UPID
US80-2571242
Jurisdiction
MCNAIRY
Zoning & alternative use
B2 · Selmer, TNZoning B2 · permitted uses
B2 · Selmer, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
MunicipalCodes
Building & site characteristics
From public records
Year built
1971
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
16
Bathrooms
2
Lot
0.12 ac
Current owner
From public records · entity-resolved
J & T Walker INC
Entity
Free & Clear · 7 yrs held
Mailing address
177 S 3RD ST, SELMER, TN 38375-2141
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2023
—
J And T Walker INC
—
Deed
related
$27,488 · Cadence Bank NA
Aug 31, 2018
—
J & T Walker INC
—
Deed
related
$70,136 · Bancorpsouth
Aug 24, 2018
—
J & T Walker INC
Walker,teresa G & Jeff
Quit Claim Deed
related
—
Aug 24, 2017
$27,500
Rebecca L Shelby
Walker,teresa G & Jeff
Warranty Deed
$22,000 · Bancorpsouth
Jun 1, 2017
$130,000
Teresa G Walker
Moore,thomas C & William L JR
Warranty Deed
$106,603 · Cb&s Bk
—
—
J & T Walker INC
—
Deed Of Trust
related
$70,136 · Bancorpsouth
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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