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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Grocery and convenience stores
2222 Tom Austin Hwy Greenbrier, TN 37073-4142
Individually Owned
16-yr Hold
~
Est. High Equity
Property ID
US80-1771983
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1987
Total area
4,280 SF
Lot
4.73 ac (206,039 SF)
APN
074122 12700
UPID
US80-1771983
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
-
Marathon Gas Station
-
Country Cupboard Market Grocery & Convenience Store
-
Country Liquors (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
U-Haul Neighborhood Dealer Car Rental Facility
-
Country Fireworks Discount Store Party Supply Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$760k
Comparable Approach
Comparable
$892k
Blend (final)
Blend
$750k
Owner & transaction history
Dipak Lachmandas · 16 yrs held
Dipak Lachmandas
since 2009
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$760,000
+34.2%
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 Greenbrier submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Greenbrier 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%
$820,000
6.5%
$760,000
7%
$705,000
Alternative Use
Use
Estimation
RETAIL STORES
$565,000
Current use
COMMERCIAL (GENERAL)
$760,000
Change: +34% · Conversion: Easy
Blend value · Realmo final
$750k
Range $675k – $825k · ±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
$175 / 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
$268,560
Assessed 2023
Previous assessed
$110,360
+143.3% YoY
Assessed land
$131,880
Assessed improvement
$136,680
Land market value
$329,700
Improvement market value
$341,700
Total market value
$671,400
Applied tax rate
74.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1987
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Rooms
2
Bathrooms
2
Total area
4,280 SF
Lot
4.73 ac (206,039 SF)
APN
074122 12700
UPID
US80-1771983
Jurisdiction
ROBERTSON
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
$565,000
COMMERCIAL (GENERAL)
Est. value
$760,000
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
1987
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
2
Bathrooms
2
Lot
4.73 ac
Current owner
From public records · entity-resolved
Dipak Lachmandas
Individual
Mailing address
2222 TOM AUSTIN HWY, GREENBRIER, TN 37073-4142
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
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 11, 2025
—
Dipak Lachmandas
—
Deed
related
$325,000 · Legends Bank
Nov 4, 2019
—
Dipak Lachmandas
—
Deed
related
—
Nov 28, 2016
—
Dipak Lachmandas
—
Deed
related
$250,000 · Legends Bk
Aug 7, 2009
$215,100
Dipak Lachmandas
Khalid,muhammad
Grant Deed
—
Mar 28, 2007
$200,000
Muhammad Khalid
Lachmandas,dipak & Harsha
Warranty Deed
$450,000 · Regions Bank
—
—
Dipak Lachmandas
—
Loan Modification
related
—
—
—
Dipak Lachmandas
—
Deed Of Trust
related
$250,000 · Legends 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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