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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Grocery and convenience stores
2202 Burgess Fls Rd Cookeville, TN 38506-5630
Individually Owned
6-yr Hold
Free & Clear
Property ID
US80-3562918
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1975
Total area
4,029 SF
Lot
0.9 ac (39,204 SF)
APN
071084 04600
UPID
US80-3562918
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
-
Byte Federal Bitcoin ATM (Colonial Market) Crypto Atm
-
Colonial Pizza Restaurant
-
Colonial Market (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$686k
Blend (final)
Blend
$630k
Owner & transaction history
State Of Tennessee · 6 yrs held
State Of Tennessee
since 2020
7 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 Cookeville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cookeville 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
$485,000
Current use
COMMERCIAL (GENERAL)
$410,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$630k
Range $567k – $693k · ±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
$156 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$2,585
Tax year 2022
Assessed value
$156,600
Assessed 2023
Previous assessed
$104,560
+49.8% YoY
Effective rate
1.65%
On assessed value
Assessed land
$15,600
Assessed improvement
$141,000
Land market value
$39,000
Improvement market value
$352,500
Total market value
$391,500
Applied tax rate
71.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1975
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
1
Total area
4,029 SF
Lot
0.9 ac (39,204 SF)
APN
071084 04600
UPID
US80-3562918
Jurisdiction
PUTNAM
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
$485,000
COMMERCIAL (GENERAL)
Est. value
$410,000
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
1975
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0.9 ac
Current owner
From public records · entity-resolved
State Of Tennessee
Individual
Free & Clear · 6 yrs held
Mailing address
2202 BURGESS FLS RD, COOKEVILLE, TN 38506-5630
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2022
—
Rasikkumar H Patel
—
Deed
related
$40,000 · Southeast Bank
Feb 27, 2020
$143,000
State Of Tennessee
Rasikkumar H Patel
Warranty Deed
—
Oct 25, 2017
—
Rasikkumar H Patel
—
Deed
related
$100,000 · Southeast Bk
Sep 3, 2010
$721,000
Rasikkumar H Patel
Ely,patricia J & Mark B
Warranty Deed
$721,000 · Community Bank Cumberlands
Aug 28, 2008
—
Mark B Ely
—
Trustees Deed
related
$40,000 · Community Bank Cumberlands
Apr 22, 2005
$507,000
Mark B Ely
Crowell,paul D & Vera L
Warranty Deed
$454,000 · Community Bank Cumberlands
—
—
Rasikkumar H Patel
—
Deed Of Trust
related
$100,000 · Southeast 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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