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Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Retail space
2622 Decatur Pike Athens, TN 37303-4930
Individually Owned
4-yr Hold
Free & Clear
Property ID
US80-0823345
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1981
Construction
FRAME
Total area
10,094 SF
Lot
1.3 ac (56,628 SF)
Zoning code
B-4
APN
054046 23700
UPID
US80-0823345
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
-
The Sock Shop Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$680k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$710k
Owner & transaction history
Candice Faith Morgan · 4 yrs held
Candice Faith Morgan
since 2022
Last sale
$750,000
7 recorded transactions
Zoning & alternative use
B-4 · Athens, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$990,000
+29.7%
Warehouse, storage
$780,000
+1.9%
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 Athens submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Athens 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
$665,000
ML approach
$680,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$765,000
Current use
COMMERCIAL (GENERAL)
$990,000
Change: +30% · Conversion: Easy
WAREHOUSE, STORAGE
$780,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$710k
Range $639k – $781k · ±10% · vs last sale $750k (Feb 1 2022)
Last sale anchor
$750k
Feb 1 2022
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
$70 / 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
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$8,039
Tax year 2023
Assessed value
$384,600
Assessed 2023
Previous assessed
$345,840
+11.2% YoY
Effective rate
2.09%
On assessed value
Assessed land
$116,000
Assessed improvement
$268,600
Land market value
$290,000
Improvement market value
$671,500
Total market value
$961,500
Applied tax rate
54.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
1981
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
1
Bathrooms
7
Total area
10,094 SF
Lot
1.3 ac (56,628 SF)
Zoning code
B-4
APN
054046 23700
UPID
US80-0823345
Jurisdiction
MCMINN
Zoning & alternative use
B-4 · Athens, TN
Zoning B-4 · permitted uses
B-4 · Athens, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Athens. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$765,000
COMMERCIAL (GENERAL)
Est. value
$990,000
WAREHOUSE, STORAGE
Est. value
$780,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1981
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Bathrooms
7
Lot
1.3 ac
Current owner
From public records · entity-resolved
Candice Faith Morgan
Individual
Free & Clear · 4 yrs held
Mailing address
133 COUNTY RD 554, ATHENS, TN 37303-6419
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2022
—
Candice Faith Morgan
Mckinley Beck Austin
Quit Claim Deed
related
—
Jan 29, 2020
—
Austin Beck
—
Deed
related
—
Dec 12, 2017
—
Austin Beck
—
Deed
related
—
Jun 24, 2015
—
Austin Beck
—
Deed Of Trust
related
$175,000 · Citizens Nat'l Bk
Jun 9, 2015
$750,000
Austin Beck
Porfirio Lezamaluna
Warranty Deed
—
Feb 28, 2005
$25,000
Porfirio Lezama-luna
Magana,julian
Quit Claim Deed
related
—
Sep 23, 1992
$300,000
George Kitsos
Unknown
Grant Deed
—
—
—
Austin Beck
—
Loan Modification
related
—
—
—
Austin Beck
—
Loan Modification
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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