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Property profile & analytics
OFF-MARKET
Assisted living facilities
2084 Main St Milan, TN 38358-3515
Entity Owned
8-yr Hold
Free & Clear
Property ID
US80-0394736
Property summary
AI-generated overview
This exceptional 18,859-square-foot mixed-use property, located at 2084 West Main Street in Milan, Tennessee (zip code 38358), presents a unique investment opportunity. The single-story building previously operated as a 70-bed nursing home, offering a solid foundation for a variety of healthcare uses. Its versatile infrastructure includes a comprehensive camera system, secured entry doors, a Smart Link time clock system for efficient staff management, and individual PTAC heating and air conditioning units in each space. Furthermore, the property benefits from a backup generator, ensuring reliable operation during power outages. Situated in Gibson County, this strategically located property offers significant potential for a healthcare provider or investor seeking a well-equipped facility ready for immediate use or redevelopment. The asking price is $1,875,000. The lot size is not specified. This property is ready for its next chapter. Contact us to schedule a viewing and explore the possibilities.
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1963
Total area
19,540 SF
Lot
0.8 ac (34,968 SF)
APN
123N B 02300
UPID
US80-0394736
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
-
Amy Adams Physician
-
Rehab Care Group Medical Clinic
-
Ira Ellis Pediatrician Physician
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
Milan Tn Propco LLC · 8 yrs held
Milan Tn Propco LLC
since 2018
4 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 Milan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milan 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
Property tax & assessments
Assessed value
$241,400
Assessed 2023
Previous assessed
$617,760
-60.9% YoY
Assessed land
$8,400
Assessed improvement
$233,000
Land market value
$21,000
Improvement market value
$582,500
Total market value
$603,500
Applied tax rate
270,000,000.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1963
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
13
Total area
19,540 SF
Lot
0.8 ac (34,968 SF)
APN
123N B 02300
UPID
US80-0394736
Jurisdiction
GIBSON
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
1963
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
13
Lot
0.8 ac
Current owner
From public records · entity-resolved
Milan Tn Propco LLC
Entity
Free & Clear · 8 yrs held
Mailing address
PO BOX 9222, COPPELL, TX 75019-9240
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 26, 2019
—
Milan Tn Propco LLC
—
Deed
related
$4,750,000 · Dwight Cap
May 24, 2018
$2,000,000
Milan Tn Propco LLC
Preston Health Care Prop Of Do
Grant Deed
—
May 2, 2001
$2,483,000
Preston Health Care Proper
Douglas,j R
Trustees Deed
—
—
—
Milan Tn Propco LLC
—
Deed Of Trust
related
$4,750,000 · Dwight Cap
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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