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Property profile & analytics
OFF-MARKET
Estimated value
$775,000
Commercial land
223 Palestine Ave Obion, TN 38240
Individually Owned
10-yr Hold
Free & Clear
Property ID
US80-1648873
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1967
Total area
42,100 SF
Lot
1.54 ac (67,100 SF)
APN
066134D B 01500
UPID
US80-1648873
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
$580k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$973k
Blend (final)
Blend
$775k
Owner & transaction history
Pinnacle Agriculture Distribut · 10 yrs held
Pinnacle Agriculture Distribut
since 2015
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 Obion submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Obion 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
$580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$775k
Range $698k – $853k · ±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
$18 / 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
$4,000
Assessed 2023
Previous assessed
$7,760
-48.5% YoY
Assessed land
$4,000
Land market value
$10,000
Total market value
$10,000
Applied tax rate
66.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1967
Heating
YES
Cooling
YES
Stories
1
Rooms
2
Bathrooms
0
Total area
42,100 SF
Lot
1.54 ac (67,100 SF)
APN
066134D B 01500
UPID
US80-1648873
Jurisdiction
OBION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1967
Heating
YES
Cooling
Yes
Stories
1
Rooms
2
Bathrooms
0
Lot
1.54 ac
Current owner
From public records · entity-resolved
Pinnacle Agriculture Distribut
Individual
Free & Clear · 10 yrs held
Mailing address
PO BOX 119, OBION, TN 38240-0119
Ownership since
2015
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
Nov 21, 2022
—
Obion Grain Co INC
—
Deed
related
$40,000,000 · Farm Credit Mid America Pca
May 10, 2022
—
Obion Grain Co INC
—
Deed
related
$1,000,000 · Regions Bank
Aug 5, 2015
—
Pinnacle Agriculture Distribut
City Of Obion Tennessee
Quit Claim Deed
related
—
Jul 10, 2015
$940,000
Pinnacle Agriculture Distribut
Obion Grain Co
Warranty Deed
—
Jun 14, 2011
—
Obion Grain Co INC
—
Grant Deed
related
$5,829,907 · Regions Bk/fayette
Jan 23, 1998
$140,000
Obion Grain Co INC
—
Grant Deed
related
—
Aug 10, 1989
$100,000
Huey Partnership
Unknown
Grant Deed
—
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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