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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
404 Buffalo Rd Hohenwald, TN 38462-1901
Individually Owned
5-yr Hold
Free & Clear
Property ID
US80-0583097
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1949
Total area
3,044 SF
Lot
1.3 ac (56,628 SF)
Zoning code
C-4
APN
051042H A 00300
UPID
US80-0583097
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
-
Harris Market & Deli Grocery & Convenience Store
-
American Market Grocery & Convenience Store
-
Grab N Go Gas Station
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
Puriben Patel · 5 yrs held
Puriben Patel
since 2020
Last sale
$400,000
3 recorded transactions
Zoning & alternative use
C-4 · Hohenwald, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is designed to provide for the provision of general commercial retail trade, professional office services, medical and personal services, as well as financial, insurance, real estate and consulting services, this district is also designed to provide adequate space in appropriate locations for uses which serve the needs of the motoring public, a…
Zone name
General Commercial District
General category
COMMERCIAL
Zone area
55.50 ac
Source
Realmo
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 Hohenwald submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hohenwald 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$67,600
Assessed 2023
Previous assessed
$67,600
+0.0% YoY
Assessed land
$12,880
Assessed improvement
$54,720
Land market value
$32,200
Improvement market value
$136,800
Total market value
$169,000
Applied tax rate
51.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1949
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
0
Total area
3,044 SF
Lot
1.3 ac (56,628 SF)
Zoning code
C-4
APN
051042H A 00300
UPID
US80-0583097
Jurisdiction
LEWIS
Zoning & alternative use
C-4 · Hohenwald, TNZoning C-4 · permitted uses
C-4 · Hohenwald, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is designed to provide for the provision of general commercial retail trade, professional office services, medical and personal services, as well as financial, insurance, real estate and consulting services, this district is also designed to provide adequate space in appropriate locations for uses which serve the needs of the motoring public, automobile and other vehicular service establishments, transient sleeping accommodations and eating and drinking establishments primarily characterize this district
Zone name
General Commercial District
General category
COMMERCIAL
Zone area
55.50 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1949
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
0
Lot
1.3 ac
Current owner
From public records · entity-resolved
Puriben Patel
Individual
Free & Clear · 5 yrs held
Mailing address
601 MCCOY LN, COLUMBIA, TN 38401-7773
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2020
$46,685
Puriben Patel
Monalben B Patel
Warranty Deed
related
—
Aug 17, 2020
$36,000
Bhart Patel Monalben
Bhart Patel Monalben
Warranty Deed
related
—
Oct 23, 2009
$400,000
Patel,monalben B & Puriben
Tharp,chanda B
Warranty Deed
$300,000 · Chanda B Tharp
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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