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Property profile & analytics
OFF-MARKET
Retail space
229 Main St Bean Station, TN 37708-4239
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US80-2724045
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1962
Construction
WOOD
Total area
3,451 SF
Lot
400 ac (17,424,000 SF)
APN
029023L B 00200
UPID
US80-2724045
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
-
Spring Mountain Realty PLLC Real Estate Agency
-
U-Haul Neighborhood Dealer Car Rental Facility
-
Realtor Toni Wahlers Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Michael D Richards · 5 yrs held
Michael D Richards
since 2020
Last sale
$253,000
5 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 Bean Station submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bean Station 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,190
Tax year 2023
Assessed value
$50,640
Assessed 2023
Previous assessed
$50,640
+0.0% YoY
Effective rate
2.35%
On assessed value
Assessed land
$32,000
Assessed improvement
$18,640
Land market value
$80,000
Improvement market value
$46,600
Total market value
$126,600
Applied tax rate
29.0000
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
1962
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Stories
1
Units
1
Bathrooms
1
Total area
3,451 SF
Lot
400 ac (17,424,000 SF)
APN
029023L B 00200
UPID
US80-2724045
Jurisdiction
GRAINGER
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
1962
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Stories
1
Units
1
Bathrooms
1
Lot
400 ac
Current owner
From public records · entity-resolved
Michael D Richards
Individual
Mailing address
2631 BROKEN VLY RD, THORN HILL, TN 37881-3426
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 21, 2020
$253,000
Michael D Richards
Daniel C Pratt
Warranty Deed
$202,400 · First Century Bank
Feb 8, 2011
$205,000
Pratt,daniel C & Deborah K
Brewer,ricky L & Tammy E
Warranty Deed
$211,000 · Home Fsb
Jan 6, 2011
$5,250
Brewer,ricky L & Tammy E
Ely,james L & Patricia C
Quit Claim Deed
related
—
Jul 16, 2010
$5,250
Ely,james L & Patricia C
Brewer,ricky L & Tammy E
Quit Claim Deed
related
—
Mar 16, 2006
$160,000
Brewer,ricky L & Tammy E
Dalton,jeff & Lori
Warranty Deed
$151,843 · Citizens Bk&tr Co/grainger C
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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