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Property profile & analytics
OFF-MARKET
Assisted living facilities

2727 Palmyra Rd Palmyra, TN 37142-2051

19,835 SF 4.77 ac lot Built 1954
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US80-1957156
Property summary
AI-generated overview

This exceptional 22,643 square foot mixed-use property, situated on a 4.77-acre lot at 2727 Palmyra Road in Palmyra, Tennessee, presents a compelling investment opportunity. Previously operating as a certified 72-bed nursing home, the building offers significant potential for redevelopment into various healthcare or residential uses. The property boasts a comprehensive security system including cameras and secured doors, enhancing its appeal for a range of potential uses. The building is equipped with PTAC heating and air conditioning units, ensuring climate control throughout. A backup generator provides peace of mind and operational continuity during power outages. The inclusion of a Smart Link time clock system further streamlines operational management. Given its substantial size, versatile infrastructure, and prime location in Palmyra, Tennessee, this property represents a rare chance to acquire a significant asset with considerable upside potential. The property's existing features, including the security systems and climate control, offer a solid foundation for a variety of redevelopment projects. Serious inquiries are encouraged to explore the possibilities this unique property offers. The asking price is $1,875,000.

Property profile
Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1954
Total area 19,835 SF
Lot 4.77 ac (207,781 SF)
Zoning code AG
APN 115F A 00300 000
UPID US80-1957156
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
Palmyra Tn Propco LLC · 5 yrs held
Palmyra Tn Propco LLC
since 2020
2 recorded transactions
2020
Price N/A
1969
Price N/A
Zoning & alternative use
AG · Palmyra, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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