Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$5,350,000
Retail space
2901 Hwy 31st W White House, TN 37188-5227
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-1085156
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2021
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
19,536 SF
Lot
3.82 ac (166,399 SF)
APN
074107I B 08000
UPID
US80-1085156
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
-
Garden Center at Tractor Supply Garden Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.73M
CAP Approach
CAP
$3.47M
Comparable Approach
Comparable
$4.07M
Blend (final)
Blend
$5.35M
Owner & transaction history
Cove Tractor Net Lease 51 St LLC · 4 yrs held
Cove Tractor Net Lease 51 St LLC
since 2022
Last sale
$5.9M
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 White House submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs White House 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
$5,210,000
ML approach
$5,725,000
CAP Approach
CAP Return
Estimation
6%
$3,755,000
6.5%
$3,465,000
7%
$3,220,000
Blend value · Realmo final
$5.35M
Range $4.82M – $5.89M · ±10% · vs last sale $5.87M (Jun 3 2022)
Last sale anchor
$5.87M
Jun 3 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
$274 / 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
$1,600,000
Assessed 2023
Previous assessed
$846,120
+89.1% YoY
Assessed land
$571,640
Assessed improvement
$1,028,360
Land market value
$1,429,100
Improvement market value
$2,570,900
Total market value
$4,000,000
Applied tax rate
74.0000
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
2021
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
19,536 SF
Lot
3.82 ac (166,399 SF)
APN
074107I B 08000
UPID
US80-1085156
Jurisdiction
ROBERTSON
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
2021
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
3.82 ac
Current owner
From public records · entity-resolved
Cove Tractor Net Lease 51 St LLC
Entity
Mailing address
PO BOX 2440, SPOKANE, WA 99210-2440
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2024
—
Jones Consulting Re LLC
—
Deed
related
$4,100,000 · Persons Banking Company
Jun 3, 2022
$5,871,000
Cove Tractor Net Lease 51 St LLC
Bt White House Associates LLC
Special Warranty Deed
—
Apr 12, 2021
$825,000
Bt White House Associates LLC
Ronald Joe Tate
Warranty Deed
—
Jul 1, 2020
—
Tate Living Trust
—
Deed
related
$253,076 · Farmers Bk
May 21, 2020
—
Tate Living Trust
Tate Real Estate LLC
Quit Claim Deed
related
—
Apr 30, 2020
—
Tate Real Estate LLC
White Hse Invs Prop LLC
Quit Claim Deed
related
—
Jan 22, 2018
$365,000
White House Investment Properrties
Monticello Properrties LLC
Warranty Deed
$283,433 · Volunteer State Bank
Apr 17, 2006
—
Monticello Properties LLC
—
Trustees Deed
related
$340,000 · Independence Bank Fsb
Feb 17, 2006
$350,000
John C Wilkinson
Hirsch,john C
Warranty Deed
—
—
—
Monticello Properties LLC
—
Deed Of Trust
related
$160,000 · Independence Bank Fsb
—
—
Tate Living Trust
—
Deed Of Trust
related
$253,076 · Farmers 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2901 Hwy 31st W?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
