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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Retail space
217 Carroll St Tullahoma, TN 37388-4502
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-1253944
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2013
Total area
5,201 SF
Lot
0.22 ac (9,555 SF)
Zoning code
C2
APN
016124N F 01800
UPID
US80-1253944
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
-
Subway Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$475k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$473k
Blend (final)
Blend
$610k
Owner & transaction history
Tullahoma Base Subway INC · 4 yrs held
Tullahoma Base Subway INC
since 2021
Last sale
$810,000
7 recorded transactions
Zoning & alternative use
C2 · Tullahoma, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$965,000
+125.5%
Commercial (general)
$495,000
+16.3%
Medical building
$445,000
+3.9%
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 Tullahoma submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tullahoma 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
$615,000
ML approach
$475,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$430,000
Current use
RESTAURANT
$965,000
Change: +126% · Conversion: Easy
COMMERCIAL (GENERAL)
$495,000
Change: +16% · Conversion: Easy
MEDICAL BUILDING
$445,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$610k
Range $549k – $671k · ±10% · vs last sale $810k (Sep 20 2021)
Last sale anchor
$810k
Sep 20 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
$117 / 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
$5,901
Tax year 2023
Assessed value
$147,200
Assessed 2023
Previous assessed
$147,200
+0.0% YoY
Effective rate
4.01%
On assessed value
Assessed land
$21,200
Assessed improvement
$126,000
Land market value
$53,000
Improvement market value
$315,000
Total market value
$368,000
Applied tax rate
16.0000
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
2013
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
1
Total area
5,201 SF
Lot
0.22 ac (9,555 SF)
Zoning code
C2
APN
016124N F 01800
UPID
US80-1253944
Jurisdiction
COFFEE
Zoning & alternative use
C2 · Tullahoma, TN
Zoning C2 · permitted uses
C2 · Tullahoma, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tullahoma. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$430,000
RESTAURANT
Est. value
$965,000
COMMERCIAL (GENERAL)
Est. value
$495,000
MEDICAL BUILDING
Est. value
$445,000
RETAIL STORES Current
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
2013
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Tullahoma Base Subway INC
Entity
Mailing address
217 E CARROLL ST, TULLAHOMA, TN 37388-4502
Mailing matches property
Yes
Owner-occupied
Yes
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
Sep 20, 2021
$810,000
Tullahoma Base Subway INC
Richard E Newman
Warranty Deed
$357,000 · Smartbank
Apr 9, 2013
$213,500
Richard E Newman
Dc Props
Warranty Deed
$181,475 · Traders National Bank
Apr 9, 2013
—
Props Dc
Denby,joe
Grant Deed
related
—
Jul 9, 2012
—
Dc Properties
Denby,joe
Quit Claim Deed
related
—
Jun 27, 2012
$20,000
Denby,joe
Damron,james M & Gloria
Warranty Deed
—
Sep 15, 2005
—
Damron,james M & Gloria
Tipps,maynard E
Quit Claim Deed
related
$133,500 · First Nat'l Bk/tullahoma
Sep 15, 2005
$140,900
Damron,james M & Gloria
Tipps,maynard E
Grant Deed
—
—
—
Damron,james M & Gloria
—
Deed Of Trust
related
$25,095 · First Nat'l Bk/tullahoma
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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