Property profile

242 Spg St Sparta, TN 38583

OFF-MARKET
Grocery and convenience stores
Property ID
US80-1431007
3,540 SF 2 ac lot Built 1964
Individually Owned 6-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1964
Total area 3,540 SF
Lot 2 ac (87,120 SF)
Zoning code C-D
APN 093049I B 04000
UPID US80-1431007

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gas Station

Location

242 Spg St Sparta, TN 38583-1416
Sparta metro Census 935300
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$460k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$460k

Owner & transaction history

since 2020
Last sale
$299,750
4 recorded transactions
2020
$299,750
2019
$202,886
2013
$180,000
1992
$42,400

Zoning & alternative use

C-D · Sparta, TN
Zoning description

C-D zones are considered to have a moderate impact unless a specific use is classified elsewhere. Non-residential uses in the CN zone are also considered to have a moderate impact. The following uses shall be 14-112 cons…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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