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Property profile & analytics
OFF-MARKET
Estimated value
$1,185,000
Grocery and convenience stores
3089 1st St Milan, TN 38358-3109
Entity Owned
2-yr Hold
Free & Clear
Property ID
US80-2373391
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2003
Total area
3,960 SF
Lot
0.8 ac (34,686 SF)
APN
140E A 00800
UPID
US80-2373391
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
-
On The Way Grocery & Convenience Store
-
Amoco Car Wash
-
Milan Express Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.19M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.19M
Owner & transaction history
Cgs Stores LLC · 2 yrs held
Cgs Stores LLC
since 2024
Last sale
$1.2M
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 Milan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milan 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
$1,185,000
ML approach
$1,185,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.19M
Range $1.07M – $1.30M · ±10% · vs last sale $1.19M (Jul 10 2024)
Last sale anchor
$1.19M
Jul 10 2024
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
$299 / 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
$206,800
Assessed 2023
Previous assessed
$206,800
+0.0% YoY
Assessed land
$60,800
Assessed improvement
$146,000
Land market value
$152,000
Improvement market value
$365,000
Total market value
$517,000
Applied tax rate
270,000,000.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2003
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
1
Total area
3,960 SF
Lot
0.8 ac (34,686 SF)
APN
140E A 00800
UPID
US80-2373391
Jurisdiction
GIBSON
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
2003
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0.8 ac
Current owner
From public records · entity-resolved
Cgs Stores LLC
Entity
Free & Clear · 2 yrs held
Mailing address
PO BOX 6831, SAN RAFAEL, CA 94903-0831
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 10, 2024
$1,187,000
Cgs Stores LLC
Lance Ratto
Special Warranty Deed
—
Feb 22, 2021
$690,000
Mountain Express Oil Company
Scf Rc Funding IV LLC
Special Warranty Deed
—
Feb 22, 2021
$966,667
Lance Ratto
Mountain Express Oil Company
Special Warranty Deed
—
Sep 10, 2019
$700,000
Scf Rc Funding IV LLC
Us Assets Acquisition LLC
Grant Deed
—
Sep 10, 2019
$780,000
Us Assets Acquisition LLC
Magness Oil Co
Grant Deed
—
Nov 30, 2005
—
Ports Petroleum Co INC
Portsco
Quit Claim Deed
related
—
Nov 30, 2005
$800,000
Magness Oil Co
Ports Petroleum Co INC
Warranty Deed
$3,192,766 · Arvest Mtg
Apr 30, 2002
$27,000
Portsco
Ports Petroleum
Grant Deed
related
—
Dec 14, 2001
$270,000
Ports Petroleum Co INC
Depriest,bobby T
Grant Deed
—
—
—
Magness Oil Co
—
Deed Of Trust
related
$44,940,000 · Rbs Citizens NA
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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