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Property profile & analytics
OFF-MARKET
Estimated value
$905,000
Commercial land
2544 10th N Ave, Parsons, TN 38363-5045
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-1294566
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1986
Total area
4,908 SF
Lot
0.4 ac (17,424 SF)
Zoning code
NZ
APN
020043 00608 001
UPID
US80-1294566
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
$925k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$905k
Owner & transaction history
Anthem Properties Wtfa Tennessee Ll · 4 yrs held
Anthem Properties Wtfa Tennessee Ll
since 2021
Last sale
$825,000
7 recorded transactions
Zoning & alternative use
NZ · Parsons, 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 Parsons submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Parsons 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
$1,035,000
ML approach
$925,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$905k
Range $815k – $996k · ±10% · vs last sale $825k (Dec 30 2021)
Last sale anchor
$825k
Dec 30 2021
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
$184 / 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
$320
Assessed 2023
Previous assessed
$320
+0.0% YoY
Assessed land
$320
Land market value
$800
Total market value
$800
Applied tax rate
20.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1986
Heating
PACKAGE
Cooling
YES
Stories
1
Bathrooms
2
Total area
4,908 SF
Lot
0.4 ac (17,424 SF)
Zoning code
NZ
APN
020043 00608 001
UPID
US80-1294566
Jurisdiction
DECATUR
Zoning & alternative use
NZ · Parsons, TN
Zoning NZ · permitted uses
NZ · Parsons, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Parsons. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1986
Heating
PACKAGE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.4 ac
Current owner
From public records · entity-resolved
Anthem Properties Wtfa Tennessee Ll
Entity
Mailing address
PO BOX 3867, CLEVELAND, TN 37320-3867
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2021
$825,000
Anthem Properties Wtfa Tennessee Ll
Southern Heritage Re Holdings Co Ll
Warranty Deed
$24,960,639 · Funeral Directors Life Insurance Co
Sep 5, 2018
—
West Tennessee Funeral Assocs
—
Grant Deed
related
$22,525,524 · Miscellaneous Ins Co
Sep 20, 2007
—
West Tennessee Funeral Assocs
Middle Tennessee Funeral Assn
Quit Claim Deed
related
$1,424,900 · Bank Of Tullahoma
Oct 11, 2005
$375,000
Middle Tennessee Funeral Assn
Community South Bank
Warranty Deed
—
Sep 22, 2005
$277,943
Community South Bank
Wood,ricky L
Trustees Deed
related
—
Jul 17, 2001
$195,000
Brewer Decatur Co Funeral
Oakdale,enterpri
Grant Deed
—
Jun 2, 1994
$165,000
Oakdale Enterprises INC
Unknown,
Grant Deed
—
—
—
West Tennessee Funeral Assocs
—
Loan Modification
related
$3,996,058 · Southern Cmnty 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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