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Property profile & analytics
OFF-MARKET
Estimated value
$1,330,000
Retail space
212 Main S St Carthage, TN 37030-1961
Individually Owned
5-yr Hold
Free & Clear
Property ID
US80-1497594
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2000
Total area
12,720 SF
Lot
7.2 ac (313,632 SF)
Zoning code
I-1
APN
080062D A 00200
UPID
US80-1497594
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
-
Bellar & Winkler Law Firm
-
Winkler Jamie D Law Firm
-
Cumberland Supply Co. Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.41M
Blend (final)
Blend
$1.33M
Owner & transaction history
Phillip B Hudson JR. · 5 yrs held
Phillip B Hudson JR.
since 2020
1 recorded transaction
Zoning & alternative use
I-1 · Carthage, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the I-1 District is to provide an area in which the principal use of land is for light manufacturing and assembly plants, proce ssing, storage, warehousing, wholesaling, and distribution. It is the intent that uses shall be restricted to activities that are safe and not a nuisance due to dust, fumes, noise, odor, refuse matter, smoke, vibratio…
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
94.68 ac
Top alternative use upside
Commercial (general)
$900,000
+5.2%
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 Carthage submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carthage 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
$855,000
Current use
COMMERCIAL (GENERAL)
$900,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$1.33M
Range $1.20M – $1.46M · ±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
$105 / 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
$433,360
Assessed 2023
Previous assessed
$433,360
+0.0% YoY
Assessed land
$57,600
Assessed improvement
$375,760
Land market value
$144,000
Improvement market value
$939,400
Total market value
$1,083,400
Applied tax rate
80.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2000
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Units
1
Rooms
7
Bathrooms
2
Total area
12,720 SF
Lot
7.2 ac (313,632 SF)
Zoning code
I-1
APN
080062D A 00200
UPID
US80-1497594
Jurisdiction
SMITH
Zoning & alternative use
I-1 · Carthage, TNZoning I-1 · permitted uses
I-1 · Carthage, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the I-1 District is to provide an area in which the principal use of land is for light manufacturing and assembly plants, proce ssing, storage, warehousing, wholesaling, and distribution. It is the intent that uses shall be restricted to activities that are safe and not a nuisance due to dust, fumes, noise, odor, refuse matter, smoke, vibration, water-carried waste or other adverse effects on surrounding areas. Within the I-1, Light Industrial District , as shown on the Official Carthage Zoning Map, the following regulations shall apply: 11-507 .2 PERMITIBD USES
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
94.68 ac
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$855,000
COMMERCIAL (GENERAL)
Est. value
$900,000
RETAIL STORES Current
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
2000
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Units
1
Rooms
7
Bathrooms
2
Lot
7.2 ac
Current owner
From public records · entity-resolved
Phillip B Hudson JR.
Individual
Free & Clear · 5 yrs held
Mailing address
PO BOX 216, CARTHAGE, TN 37030-0216
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 12, 2020
—
Phillip B Hudson JR.
Phillip Hudson
Quit Claim 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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