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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Retail space
206 Reelfoot Ave Union City, TN 38261-5744
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-1302335
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1961
Construction
FRAME
Total area
34,650 SF
Lot
2.91 ac (126,760 SF)
APN
066059D H 00500
UPID
US80-1302335
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
-
Manpower Union City Employment Agency
-
Nutrition 33 Community Center
-
GuildStone - Tattoo Guild Tattoo & Piercing Shop
-
Hybrid Logistics Trucking Company
-
Meraki Hair Studio Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$930k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$875k
Owner & transaction history
Variety Square Holdings LLC · 4 yrs held
Variety Square Holdings LLC
since 2021
Last sale
$900,000
7 recorded transactions
Zoning & alternative use
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 Union City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Union City 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
$760,000
ML approach
$930,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$875k
Range $788k – $963k · ±10% · vs last sale $900k (Nov 24 2021)
Last sale anchor
$900k
Nov 24 2021
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
$25 / 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
$493,640
Assessed 2023
Previous assessed
$377,920
+30.6% YoY
Assessed land
$116,400
Assessed improvement
$377,240
Land market value
$291,000
Improvement market value
$943,100
Total market value
$1,234,100
Applied tax rate
66.0000
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
1961
Construction
FRAME
Heating
YES
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Units
1
Rooms
23
Bathrooms
15
Total area
34,650 SF
Lot
2.91 ac (126,760 SF)
APN
066059D H 00500
UPID
US80-1302335
Jurisdiction
OBION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1961
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Units
1
Rooms
23
Bathrooms
15
Lot
2.91 ac
Current owner
From public records · entity-resolved
Variety Square Holdings LLC
Entity
Mailing address
650 E PALISADE AVE UNIT #944, ENGLEWOOD CLIFFS, NJ 07632-7002
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 24, 2021
$900,000
Variety Square Holdings LLC
John Cooper And Hak Acquisitions Ll
Warranty Deed
$1,717,000 · Simmons Bank
Aug 6, 2018
$1,200,000
Joshua Arnold
Waterman,ronald L & Patricia
Warranty Deed
$1,000,000 · Bank3
Aug 6, 2018
—
John Cooper
Arnold,joshua
Quit Claim Deed
related
—
Apr 17, 2006
—
Waterman,ronald L & Patricia
Waterman,ronald L
Quit Claim Deed
related
—
Mar 2, 2006
—
Moore,clarence Etal
Variety Square
Quit Claim Deed
related
—
Mar 2, 2006
$250,000
Waterman,ronald L
Owner Name Unavailable
Warranty Deed
related
—
Feb 2, 2006
—
Variety Square
Owner Name Unavailable
Quit Claim Deed
related
—
Jun 4, 1988
$1,175,878
Central State Bank
Unknown
Grant Deed
related
—
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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