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    Property profile & analytics

    1824 Hwy 641st S Parsons, TN 38363-3001

    • Retail space
    • 1,072 SF
    • 2.04 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Mar 28, 2023
    Location Intelligence
    Property ID
    US80-0954225
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 1824 Hwy 641st S

    Year built
    1988
    Lot size
    2.04 lot acres
    Property size
    1,072 SF
    Property type
    Retail space
    APN
    020058 01401
    APU
    2005801401

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Parsons
    County
    Decatur
    State
    Tennessee
    Longitude
    -88.1226
    Latitude
    35.6238

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $11,040
    $23,440
    $34,480
    -
    $27,600
    $58,600
    $86,200

    Comparable in this City

    • Value Estimation by Request
      2,992 SF

      90 10th S Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,992 SF
      90 10th S Ave, Parsons, TN 38363-2401
      View Details
    • Value Estimation by Request
      2,494 SF

      810 10th S Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,494 SF
      810 10th S Ave, Parsons, TN 38363-4623
      View Details
    • Value Estimation by Request
      3,774 SF

      Tn N Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,774 SF
      Tn N Ave, Parsons, TN 38363
      View Details
    • Value Estimation by Request
      7,200 SF

      114 Farmers Ave

      RETAIL STORES (PERSONAL SERVICES) • 7,200 SF
      114 Farmers Ave, Parsons, TN 38363-2316
      View Details
    • Value Estimation by Request
      1,230 SF

      2085 Hwy 641st S

      RETAIL STORES (PERSONAL SERVICES) • 1,230 SF
      2085 Hwy 641st S, Parsons, TN 38363-3212
      View Details
    • Value Estimation by Request
      8,350 SF

      1182 Main St

      RETAIL STORES (PERSONAL SERVICES) • 8,350 SF
      1182 Main St, Parsons, TN 38363-2736
      View Details

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    Parsons, TN 38363-3001
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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