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Property profile & analytics
OFF-MARKET
Estimated value
$11,490,000
Retail properties & Spaces
2101 Brookmeade Dr Columbia, TN 38401-3982
Entity Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US80-0431470
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
116,330 SF
Lot
9.28 ac (404,237 SF)
Zoning code
GCS
APN
060100N L 00800
UPID
US80-0431470
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
-
Dunhams Shopping Center & Mall
-
Belk Department Store
-
Dunham's Sports (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.09M
Blend (final)
Blend
$11.49M
Owner & transaction history
Anchor Columbia 2 LLC · 15 yrs held
Anchor Columbia 2 LLC
since 2010
6 recorded transactions
Zoning & alternative use
GCS · Columbia, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$17.6M
+32.1%
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 Columbia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Columbia 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$13,325,000
Current use
MEDICAL BUILDING
$17,595,000
Change: +32% · Conversion: Difficult
AUTO REPAIR, GARAGE
$12,770,000
Change: -4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$11,610,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$11.49M
Range $10.34M – $12.64M · ±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
$99 / 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
$78,625
Tax year 2023
Assessed value
$2,874,680
Assessed 2023
Previous assessed
$2,874,680
+0.0% YoY
Effective rate
2.74%
On assessed value
Assessed land
$1,351,160
Assessed improvement
$1,523,520
Land market value
$3,377,900
Improvement market value
$3,808,800
Total market value
$7,186,700
Applied tax rate
60.0000
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 properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
10
Total area
116,330 SF
Lot
9.28 ac (404,237 SF)
Zoning code
GCS
APN
060100N L 00800
UPID
US80-0431470
Jurisdiction
MAURY
Zoning & alternative use
GCS · Columbia, TN
Zoning GCS · permitted uses
GCS · Columbia, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Columbia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$13.3M
MEDICAL BUILDING
Est. value
$17.6M
AUTO REPAIR, GARAGE
Est. value
$12.8M
COMMERCIAL (GENERAL)
Est. value
$11.6M
RETAIL STORES Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
10
Lot
9.28 ac
Current owner
From public records · entity-resolved
Anchor Columbia 2 LLC
Entity
Mailing address
3035 RHEA COUNTY HWY STE #150, DAYTON, TN 37321-5865
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
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
Sep 1, 2010
—
Anchor Columbia 2 LLC
Wal-mart Stores INC
Quit Claim Deed
related
$4,392,606 · First Farmers & Merchants Bank
Sep 1, 2010
$3,650,100
Anchor Columbia 2 LLC
Wal-mart Stores INC
Grant Deed
—
May 3, 2010
$2,500,000
Wal-mart Stores INC
Metropolitan Life Ins Co
Grant Deed
—
May 3, 2010
—
Wal-mart Stores INC
Metropolitan Life Ins Co
Quit Claim Deed
related
—
Jan 27, 1989
$3,300,865
Metropolitan Life Ins Co
Unknown
Grant Deed
—
—
—
Anchor Columbia 2 LLC
—
Deed Of Trust
related
$7,373,000 · Community First Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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