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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Retail space
21229 Us 127th N Dunlap, TN 37327-4608
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US80-1678080
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2018
Construction
FRAME
Total area
8,470 SF
Lot
1.4 ac (60,984 SF)
APN
077030 00800
UPID
US80-1678080
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$604k
Blend (final)
Blend
$645k
Owner & transaction history
Patel Mittal · 2 yrs held
Patel Mittal
since 2023
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$935,000
+84.6%
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 Dunlap submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dunlap 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
$505,000
Current use
COMMERCIAL (GENERAL)
$935,000
Change: +85% · Conversion: Easy
Blend value · Realmo final
$645k
Range $581k – $710k · ±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
$76 / 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
$5,364
Tax year 2023
Assessed value
$292,080
Assessed 2023
Previous assessed
$217,320
+34.4% YoY
Effective rate
1.84%
On assessed value
Assessed land
$24,080
Assessed improvement
$268,000
Land market value
$60,200
Improvement market value
$670,000
Total market value
$730,200
Applied tax rate
77.0000
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
2018
Construction
FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
1
Total area
8,470 SF
Lot
1.4 ac (60,984 SF)
APN
077030 00800
UPID
US80-1678080
Jurisdiction
SEQUATCHIE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$505,000
COMMERCIAL (GENERAL)
Est. value
$935,000
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
2018
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
1.4 ac
Current owner
From public records · entity-resolved
Patel Mittal
Individual
Mailing address
2709 BLOOMING OAK PL, MURFREESBORO, TN 37130-6656
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
23 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2023
—
Patel Mittal
Arkesh Patel
Deed
related
—
Apr 6, 2023
—
Arkesh Patel
—
Deed
related
$900,000 · Smartbank
Jul 28, 2022
—
Arkesh S Patel
—
Deed
related
$450,000 · Smartbank
Aug 22, 2019
—
Arkesh S Patel
—
Deed
related
$155,082 · Volunteer State Bank
Oct 5, 2018
—
Arkesh Patel
—
Deed
related
$842,254 · Volunteer State Bank
Aug 6, 2018
$1,261,117
Arkesh Patel
Sevierville Investments LLC
Grant Deed
—
Mar 21, 2018
$135,000
Sevierville Investments LLC
Hughes,lamar & Jonathan
Warranty Deed
$966,888 · Bank Of Lincoln Cnty
May 17, 2016
—
Donald L Hughes
—
Trustees Deed
related
$174,900 · Farm Credit Svcs
May 16, 2016
—
Donald L Hughes
—
Trustees Deed
related
$175,000 · Farm Credit Svcs
Apr 1, 2015
—
Eric Hughes
—
Trustees Deed
related
$175,000 · Farm Credit Svcs
Mar 20, 2014
—
Jonathan N Hughes
—
Trustees Deed
related
$174,900 · Farm Credit Svcs
Mar 8, 2013
—
Hughes,jonathan N & Katelyn R
—
Trustees Deed
related
$175,000 · Farm Credit Svcs
Feb 10, 2012
—
Hughes,jonathan N & Donald L
—
Trustees Deed
related
$175,000 · Farm Credit Svcs
Apr 18, 2011
—
Hughes,jonathan N & Lamar
—
Trustees Deed
related
$100,000 · Farm Credit Svcs
Jun 5, 2009
$125,000
Hughes,lamar & Jonathan
Citizens Tri-county Bank
Grant Deed
$125,000 · Citizens Tri-cnty Bk
Mar 23, 2009
$140,000
Citizens Tri-county Bank
Carmical,bobby L
Trustees Deed
related
—
Jan 15, 2008
$165,000
Hughes,donald & Donna
Carmical,bobby L
Warranty Deed
$140,000 · Bobby L Carmical
Sep 16, 2005
$332,365
Carmical,bobby L
Freeman,j W & Electa O
Warranty Deed
$375,000 · Alliance Bk
Sep 12, 1990
$5,560
Bowater INC
Unknown,
Grant Deed
—
Sep 6, 1990
$5,560
Bowater INC
Unknown
Grant Deed
—
Jun 4, 1990
$7,500
George W Kilgore SR
Unknown,
Grant Deed
—
—
—
Freeman,j W & Electa O
—
Deed Of Trust
related
$40,000 · Citizens Tri-cnty Bk
—
—
Carmical,bobby L
—
Deed Of Trust
related
$140,000 · Citizens Tri-cnty 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.
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