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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Grocery and convenience stores
17730 Us Hwy 64 Somerville, TN 38068-6189
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US80-1668186
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1952
Construction
FRAME
Total area
4,014 SF
Lot
2.2 ac (95,832 SF)
Zoning code
B2
APN
024090E A 03901
UPID
US80-1668186
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
by Request
CAP Approach
CAP
$725k
Comparable Approach
Comparable
$697k
Blend (final)
Blend
$645k
Owner & transaction history
Bull Market Of Mississippi LLC · 19 yrs held
Bull Market Of Mississippi LLC
since 2007
6 recorded transactions
Zoning & alternative use
B2 · Somerville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Somerville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Somerville 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%
$785,000
6.5%
$725,000
7%
$670,000
Blend value · Realmo final
$645k
Range $581k – $710k · ±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
$161 / 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
$84,760
Assessed 2023
Previous assessed
$84,760
+0.0% YoY
Assessed land
$34,800
Assessed improvement
$49,960
Land market value
$87,000
Improvement market value
$124,900
Total market value
$211,900
Applied tax rate
24.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1952
Construction
FRAME
Heating
YES
Buildings
2
Stories
1
Units
1
Bathrooms
0
Total area
4,014 SF
Lot
2.2 ac (95,832 SF)
Zoning code
B2
APN
024090E A 03901
UPID
US80-1668186
Jurisdiction
FAYETTE
Zoning & alternative use
B2 · Somerville, TN
Zoning B2 · permitted uses
B2 · Somerville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Somerville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1952
Construction
FRAME
Heating
YES
Stories
1
Buildings
2
Units
1
Bathrooms
0
Lot
2.2 ac
Current owner
From public records · entity-resolved
Bull Market Of Mississippi LLC
Entity
Mailing address
PO BOX 38586, GERMANTOWN, TN 38183-0586
Ownership since
2007
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
Apr 29, 2025
—
Bull Market Of Mississippi LLC
—
Deed
related
$500,000 · First National Bank Of Clarksdale
Mar 10, 2022
—
Bull Market Of Mississippi LLC
—
Deed
related
$815,013 · First National Bank Of Clarksdale
May 24, 2016
—
Bull Market Of Mississippi LLC
—
Deed
related
$2,295,000 · Landmark Cmnty Bk
May 14, 2007
—
Bull Market Of Mississippi LLC
Bull Market INC
Quit Claim Deed
related
—
—
—
Bull Market Of Mississippi LLC
—
Deed Of Trust
related
$2,295,000 · Landmark Cmnty Bk
—
—
Bull Market Of Mississippi LLC
—
Deed Of Trust
related
$2,155,900 · Regions Bank
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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