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Property profile & analytics
OFF-MARKET
Retail space
2468 Hwy 411 Madisonville, TN 37354-6348
Individually Owned
Free & Clear
Property ID
US80-1608614
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2008
Total area
5,220 SF
Lot
2.18 ac (94,961 SF)
APN
062047 00200
UPID
US80-1608614
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
-
Independent Diesel Services Auto Repair Shop
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
The Gary Thomas Millsaps Rlt
The Gary Thomas Millsaps Rlt
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 Madisonville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Madisonville 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 2022Property tax & assessments
Tax year 2022
Tax billed
$2,632
Tax year 2022
Assessed value
$147,560
Assessed 2023
Previous assessed
$117,520
+25.6% YoY
Effective rate
1.78%
On assessed value
Assessed land
$37,200
Assessed improvement
$110,360
Land market value
$93,000
Improvement market value
$275,900
Total market value
$368,900
Applied tax rate
62.0000
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
2008
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
0
Total area
5,220 SF
Lot
2.18 ac (94,961 SF)
APN
062047 00200
UPID
US80-1608614
Jurisdiction
MONROE
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
2008
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
0
Lot
2.18 ac
Current owner
From public records · entity-resolved
The Gary Thomas Millsaps Rlt
Individual
Free & Clear · 0 yrs held
Mailing address
2468 HWY 411, MADISONVILLE, TN 37354-6348
Mailing matches property
Yes
Owner-occupied
Yes
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2025
—
The Gary Thomas Millsaps Rlt
Gary Thomas Millsaps
Deed
related
—
Sep 30, 2025
—
Gary Thomas Millsaps
—
Deed
related
$127,500 · Commonwealth Credit Union
Aug 5, 2022
—
Gary Thomas Millsaps
Jacquelyn Ruth Millsaps
Intrafamily Transfer
related
—
Mar 2, 2022
—
Gary Thomas Millsaps
—
Deed
related
$65,000 · Commonwealth Credit Union
Jun 18, 2020
—
Gary T Millsaps
—
Deed
related
$400,000 · Peoples Bk/e Tn
Jul 18, 2017
—
Gary T Millsaps
—
Deed
related
$50,000 · Regions Bk
Apr 16, 2014
—
Gary T Millsaps
Millsaps,merle W
Quit Claim Deed
related
—
—
—
Gena M Millsaps
—
Deed Of Trust
related
$150,000 · Volunteer Fsb
—
—
Millsaps,gary T
—
Deed Of Trust
related
$84,402 · Regions Bk
—
—
Gary T Millsaps
—
Deed Of Trust
related
$400,000 · Peoples Bk/e Tn
—
—
Gary T Millsaps
—
Deed Of Trust
related
$50,000 · Regions Bk
—
—
Millsaps,gary T
—
Deed Of Trust
related
$50,000 · Regions 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.
Try Rey
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