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Property profile & analytics
OFF-MARKET
Estimated value
$1,200,000
Banks
1878 Congress S Pkwy Athens, TN 37303-2855
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US80-0593771
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
19,446 SF
Lot
5.1 ac (222,156 SF)
Zoning code
B-4
APN
054056 14200
UPID
US80-0593771
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
-
SouthEast Bank Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$765k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.63M
Blend (final)
Blend
$1.20M
Owner & transaction history
Bos Hospitality Group LLC · 21 yrs held
Bos Hospitality Group LLC
since 2004
5 recorded transactions
Zoning & alternative use
B-4 · Athens, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.6M
+23.3%
Auto repair, garage
$1.5M
+13.9%
Retail stores
$1.4M
+3.9%
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 Athens submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Athens 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
$765,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$1,335,000
Current use
RESTAURANT
$1,645,000
Change: +23% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,520,000
Change: +14% · Conversion: Difficult
RETAIL STORES
$1,390,000
Change: +4% · Conversion: Difficult
MEDICAL BUILDING
$1,320,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$1.20M
Range $1.08M – $1.32M · ±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
$62 / 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
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$29,545
Tax year 2023
Assessed value
$1,413,600
Assessed 2023
Previous assessed
$1,229,280
+15.0% YoY
Effective rate
2.09%
On assessed value
Assessed land
$263,440
Assessed improvement
$1,150,160
Land market value
$658,600
Improvement market value
$2,875,400
Total market value
$3,534,000
Applied tax rate
54.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
8
Total area
19,446 SF
Lot
5.1 ac (222,156 SF)
Zoning code
B-4
APN
054056 14200
UPID
US80-0593771
Jurisdiction
MCMINN
Zoning & alternative use
B-4 · Athens, TN
Zoning B-4 · permitted uses
B-4 · Athens, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Athens. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$1.3M
RESTAURANT
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.5M
RETAIL STORES
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.3M
FINANCIAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
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
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
8
Lot
5.1 ac
Current owner
From public records · entity-resolved
Bos Hospitality Group LLC
Entity
Mailing address
PO BOX 1806, ATHENS, TN 37371-1806
Ownership since
2004
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
Dec 9, 2004
$475,000
Bos Hospitality Group LLC
Southeast Bank & Trust
Warranty Deed
$403,750 · Southeast Bank & Trust
Mar 30, 2004
—
City Of Athens Tennessee
Southeast Bank &
Grant Deed
related
—
May 9, 2002
—
Southeast Bank & Trust
Southeast Acquis
Quit Claim Deed
related
—
Aug 16, 2001
$600,000
Southeast Acquisitions Com
P I INC
Grant Deed
—
Sep 28, 1990
$150,000
John G Mackie III
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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