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Property profile & analytics
OFF-MARKET
Retail space
24 Spg St Sparta, TN 38583-1422
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-0263886
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1940
Total area
651 SF
Lot
0.12 ac (5,100 SF)
Zoning code
R-A
APN
093049P C 07300
UPID
US80-0263886
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Damon Dornbier · 2 yrs held
Damon Dornbier
since 2023
Last sale
$170,000
3 recorded transactions
Zoning & alternative use
R-A · Sparta, TN
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 Sparta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sparta 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 2021Property tax & assessments
Tax year 2021
Tax billed
$172
Tax year 2021
Assessed value
$21,360
Assessed 2023
Previous assessed
$5,800
+268.3% YoY
Effective rate
0.81%
On assessed value
Assessed land
$3,400
Assessed improvement
$17,960
Land market value
$8,500
Improvement market value
$44,900
Total market value
$53,400
Applied tax rate
93.0000
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
1940
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Rooms
4
Bathrooms
0
Total area
651 SF
Lot
0.12 ac (5,100 SF)
Zoning code
R-A
APN
093049P C 07300
UPID
US80-0263886
Jurisdiction
WHITE
Zoning & alternative use
R-A · Sparta, TN
Zoning R-A · permitted uses
R-A · Sparta, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sparta. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1940
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
4
Bathrooms
0
Lot
0.12 ac
Current owner
From public records · entity-resolved
Damon Dornbier
Individual
Mailing address
140 DUNROBIN CT, SPARTA, TN 38583-4286
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 11, 2023
$170,000
Damon Dornbier
Roger Haston
Warranty Deed
$136,000 · Putnam 1st Mercantile Bank
May 31, 2016
$19,000
Roger Haston
Mills,dennis
Warranty Deed
—
May 26, 2009
$18,000
Mills,dennis
Mills,joe H
Warranty Deed
related
—
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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