Property profile

281 Spg St Sparta, TN 38583

OFF-MARKET
Retail properties & Spaces
Property ID
US80-0350213
36,436 SF 4.5 ac lot Built 1989
Entity Owned 11-yr Hold Free & Clear
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Property profile

Verified
Property type Retail properties & Spaces
Use group DEPARTMENT STORE
Year built 1989
Total area 36,436 SF
Lot 4.5 ac (196,020 SF)
Zoning code C-D
APN 093049I A 04500
UPID US80-0350213

Cap rate & NOI

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

Location

281 Spg St Sparta, TN 38583-1430
Sparta metro Census 935300
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.14M
Blend (final) Blend
$1.06M

Owner & transaction history

since 2014
4 recorded transactions
2014
$997,500
1993
$42,200
1989
$190,000
1988
$98,043

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
Top alternative use upside
Commercial (general) $3.9M +23.2%

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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