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    Property profile & analytics

    Hwy 79 & Hwy 218 Paris, TN 38242

    • Retail space
    • 6,396 SF
    • 1.38 lot acres
    For Sale
    View listing
    $500,000
    Value Estimation
    Last Sale
    Apr 21, 2021
    $185,000
    Location Intelligence
    Property ID
    US80-1120555
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Medical Center Pharmacy / Pharmacy
    • Uniform Shop / Uniform Store
    • Home Medical Products Inc / Medical Supply Store
    • Vital Care / Pharmacy / Clothing Store

    Property Details for Hwy 79 & Hwy 218

    Year built
    1990
    Lot size
    1.38 lot acres
    Property size
    6,396 SF
    Property type
    Retail space
    APN
    040106B L 00900
    APU
    040106BL00900

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $155,000

    • CAP approach

      CAP return
      Estimation
      6%
      $200,000
      6.5%
      $205,000
      7%
      $175,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $190,000
      Geo Method
      $165,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $205,000
      Retail
      $205,000
      Mixed-Use
      $175,000
      Hospitality
      $170,000
      Educational
      $200,000
      Residential Income
      $175,000
      Energy
      $185,000
      Income-Based Land
      $165,000
      Food Service
      $225,000

    Location Insight

    • Map
    • Local Demand
    City
    Paris
    County
    Henry
    State
    Tennessee
    Longitude
    -88.3113
    Latitude
    36.2987
    CBSA code
    37540
    CBSA name
    PARIS, TN MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $34,000
    $181,600
    $215,600
    -
    $85,000
    $454,000
    $539,000

    Comparable in this City

    • Value Estimation by Request
      810 SF

      819 Depot St

      RETAIL STORES (PERSONAL SERVICES) • 810 SF
      819 Depot St, Paris, TN 38242-3923
      View Details
    • Value Estimation by Request
      1,292 SF

      Dunlap St

      RETAIL STORES (PERSONAL SERVICES) • 1,292 SF
      Dunlap St, Paris, TN 38242
      View Details
    • Value Estimation by Request
      1,760 SF

      2845 Hwy 218th Byp

      RETAIL STORES (PERSONAL SERVICES) • 1,760 SF
      2845 Hwy 218th Byp, Paris, TN 38242-2000
      View Details
    • Value Estimation by Request
      10,795 SF

      Hwy 69

      RETAIL STORES (PERSONAL SERVICES) • 10,795 SF
      Hwy 69, Paris, TN 38242
      View Details
    • Value Estimation by Request
      3,818 SF

      435 Hwy 69th N

      RETAIL STORES (PERSONAL SERVICES) • 3,818 SF
      435 Hwy 69th N, Paris, TN 38242-6594
      View Details
    • Value Estimation by Request
      9,879 SF

      415 Market St

      RETAIL STORES (PERSONAL SERVICES) • 9,879 SF
      415 Market St, Paris, TN 38242-3423
      View Details

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    Hwy 79 & Hwy 218
    Paris, TN 38242
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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