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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
4040 1st St Milan, TN 38358-3180
Individually Owned
5-yr Hold
Free & Clear
Property ID
US80-1100292
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,200 SF
Lot
0.92 ac (40,000 SF)
APN
140E C 00200
UPID
US80-1100292
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
-
Valero Gas Station
-
Milan Corner Store Grocery & Convenience Store
-
Coin Connection Bitcoin ATM Crypto Atm Atm
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
Delbert Hudgins · 5 yrs held
Delbert Hudgins
since 2021
Last sale
$350,000
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
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
$102,560
Assessed 2023
Previous assessed
$102,560
+0.0% YoY
Assessed land
$37,800
Assessed improvement
$64,760
Land market value
$94,500
Improvement market value
$161,900
Total market value
$256,400
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
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
2
Total area
4,200 SF
Lot
0.92 ac (40,000 SF)
APN
140E C 00200
UPID
US80-1100292
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
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
0.92 ac
Current owner
From public records · entity-resolved
Delbert Hudgins
Individual
Free & Clear · 5 yrs held
Mailing address
4040 S 1ST ST, MILAN, TN 38358-3180
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
May 11, 2021
—
Delbert Hudgins
Lori Gladhill
Deed
related
—
Sep 21, 2020
$350,000
Rakeshkumar Patel
Jai Maadi LLC
Warranty Deed
$200,000 · Carroll Bank & Trust
Oct 5, 2017
$450,000
Umiya Of Milan INC
Jai Maadi LLC
Dual Purpose Document
related
$350,000 · Jai Maadi LLC
Sep 28, 2017
—
Delbert Hudgins
—
Trust Deed
related
$400,000 · Security Bk
Jun 8, 2016
—
Jai Maadi LLC
Patel,pradip & Kokilaben
Quit Claim Deed
related
—
Jun 8, 2016
$425,000
Satishchandra J Patel
Jai Maadi LLC
Dual Purpose Document
related
$425,000 · Private Individual
Aug 21, 2014
$360,000
Patel,pradip & Kokilaben
Lefevre,joshua K
Grant Deed
$288,000 · Carroll Bk&tr
Mar 6, 2014
$275,000
Joshua K Lefevre
Tim Crocker
Warranty Deed
$278,568 · Commercial Bank & Trust
Dec 19, 2006
$410,000
Crocker,tim & Rosemary
Haiba,mohamed S
Trustees Deed
—
Mar 5, 2005
$775,000
Haiba,mohamed S
Safa,steve
Warranty Deed
$661,663 · Union Planters Nat'l 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.
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