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Property profile & analytics
OFF-MARKET
Estimated value
$2,080,000
Retail properties & Spaces
2305 Gtwy Ave Harriman, TN 37748-8665
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US80-3507219
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
78,077 SF
Lot
6.92 ac (301,435 SF)
APN
073045 00803
UPID
US80-3507219
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
-
Desiree Roa Physician
-
ETHRA Charitable Organization Social Service Agency
-
Ms. Verna Bain Physician
-
7 Massage Alternative Medicine Practice Spa & Massage Center
-
Samir Rizk Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.29M
Blend (final)
Blend
$2.08M
Owner & transaction history
James U Rust IV · 1 yrs held
James U Rust IV
since 2025
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 Harriman submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Harriman 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
Blend value · Realmo final
$2.08M
Range $1.87M – $2.29M · ±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
$27 / 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
$737,520
Assessed 2023
Previous assessed
$737,520
+0.0% YoY
Assessed land
$121,360
Assessed improvement
$616,160
Land market value
$303,400
Improvement market value
$1,540,400
Total market value
$1,843,800
Applied tax rate
73.0000
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 properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Rooms
14
Bathrooms
11
Total area
78,077 SF
Lot
6.92 ac (301,435 SF)
APN
073045 00803
UPID
US80-3507219
Jurisdiction
ROANE
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
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
14
Bathrooms
11
Lot
6.92 ac
Current owner
From public records · entity-resolved
James U Rust IV
Individual
Mailing address
PO BOX 91, MERIDIAN, MS 39302-0091
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2025
$3,800,000
James U Rust IV
Lbd Properties LLC
Warranty Deed
$2,250,000 · Southern Bank Of Tennessee
Jan 5, 2024
—
Lbd Properties LLC
Glj Enterprises LLC
Special Warranty Deed
—
Dec 19, 2023
$3,500,000
Ldb Properties LLC
Glj Enterprises LLC
Special Warranty Deed
—
Mar 20, 2017
—
Glj Ents LLC
—
Deed
related
$300,000 · First Bk/tn
Jan 9, 2012
—
Glj Ents LLC
Allen,larry B
Quit Claim Deed
related
—
Jan 4, 2012
$200,100
Allen,larry B
Gp North Gateway LLC
Warranty Deed
—
Mar 31, 2011
$425,000
Gp North Gateway LLC
Shelton,marcy E
Trustees Deed
—
Sep 30, 2005
$929,500
College Plaza Shopping Center
Mortgage Capital Funding INC
Grant Deed
$695,000 · Grand Pacific Financing Corp
Jun 13, 2005
—
Mortgage Capital Funding INC
Mcnamee Marc T
Grant Deed
related
—
Feb 18, 2005
$400,000
Mortgage Capital Funding INC
Mcnamee,marc T
Trustees Deed
related
—
—
—
Glj Ents LLC
—
Deed Of Trust
related
$224,900 · American Tr Bk/e Tn
—
—
Glj Ents LLC
—
Deed Of Trust
related
$700,000 · First Bk/tn
—
—
Glj Ents LLC
—
Deed Of Trust
related
$200,000 · First Bk/tn
—
—
Glj Ents LLC
—
Deed Of Trust
related
$300,000 · First Bk/tn
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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