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Property profile & analytics
OFF-MARKET
Estimated value
$870,000
Retail space
231 Broadway Blvd Jefferson City, TN 37760-2810
Entity Owned
20-yr Hold
Free & Clear
Property ID
US80-1003462
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1995
Total area
7,056 SF
Lot
0.6 ac (26,136 SF)
Zoning code
R-2
APN
024H D 01402
UPID
US80-1003462
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
-
Advance Auto Parts Auto Parts Store
-
UPS Access Point location Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$994k
Blend (final)
Blend
$870k
Owner & transaction history
Sun Properties LLC · 20 yrs held
Sun Properties LLC
since 2006
5 recorded transactions
Zoning & alternative use
R-2 · Jefferson City, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is intended to establish areas for multi-family dwellings and related uses. The multiple family districts are further provided to serve as zones of transition between the nonresidential districts and the lower density single family districts.
Zone name
Multiple Family Residential District
General category
RESIDENTIAL
Zone area
663.97 ac
Source
Realmo
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 Jefferson City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jefferson City 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
$635,000
Current use
Blend value · Realmo final
$870k
Range $783k – $957k · ±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
$123 / 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
$258,560
Assessed 2023
Previous assessed
$258,560
+0.0% YoY
Assessed land
$96,480
Assessed improvement
$162,080
Land market value
$241,200
Improvement market value
$405,200
Total market value
$646,400
Applied tax rate
45.0000
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1995
Heating
YES
Cooling
YES
Stories
1
Units
1
Rooms
2
Bathrooms
1
Total area
7,056 SF
Lot
0.6 ac (26,136 SF)
Zoning code
R-2
APN
024H D 01402
UPID
US80-1003462
Jurisdiction
JEFFERSON
Zoning & alternative use
R-2 · Jefferson City, TNZoning R-2 · permitted uses
R-2 · Jefferson City, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is intended to establish areas for multi-family dwellings and related uses. The multiple family districts are further provided to serve as zones of transition between the nonresidential districts and the lower density single family districts.
Zone name
Multiple Family Residential District
General category
RESIDENTIAL
Zone area
663.97 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$635,000
RETAIL STORES Current
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
1995
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
2
Bathrooms
1
Lot
0.6 ac
Current owner
From public records · entity-resolved
Sun Properties LLC
Entity
Free & Clear · 20 yrs held
Mailing address
7712 WESTLAND DR, KNOXVILLE, TN 37919-7155
Ownership since
2006
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
Apr 3, 2020
—
Sun Properties LLC
—
Deed
related
$910,000 · First Citizens Bk
Jan 5, 2006
—
Sun Properties LLC
Hunt,harold E & Earlene L
Quit Claim Deed
related
—
Dec 8, 2005
$600,000
Harold E Hunt
East Tennessee Dev Of Morristown
Warranty Deed
—
—
—
Sun Properties LLC
—
Deed Of Trust
related
$910,000 · First Citizens Bk
—
—
Sun Properties LLC
—
Loan Modification
related
$1,372,846 · Citizens 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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