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Property profile & analytics
OFF-MARKET
Retail space
406 Public Sq Watertown, TN 37184-1421
Individually Owned
Free & Clear
Property ID
US80-0071835
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1900
Total area
1,818 SF
Lot
21 ac (914,760 SF)
APN
128H D 01500
UPID
US80-0071835
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
-
Watertown Drugs Pharmacy
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
Candace Stacey Mathis
Candace Stacey Mathis
since 2026
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 Watertown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Watertown 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
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$736
Tax year 2023
Assessed value
$29,320
Assessed 2023
Previous assessed
$29,320
+0.0% YoY
Effective rate
2.51%
On assessed value
Assessed land
$9,240
Assessed improvement
$20,080
Land market value
$23,100
Improvement market value
$50,200
Total market value
$73,300
Applied tax rate
95.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1900
Heating
YES
Stories
1
Units
1
Bathrooms
0
Total area
1,818 SF
Lot
21 ac (914,760 SF)
APN
128H D 01500
UPID
US80-0071835
Jurisdiction
WILSON
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
1900
Heating
YES
Stories
1
Units
1
Bathrooms
0
Lot
21 ac
Current owner
From public records · entity-resolved
Candace Stacey Mathis
Individual
Free & Clear · 0 yrs held
Mailing address
406 PUBLIC SQ, WATERTOWN, TN 37184-1421
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 11, 2026
—
Candace Stacey Mathis
Candace Stacey Mathis
Deed
related
—
Sep 30, 2015
$25,000
Candace Mathis
Messick,brian
Quit Claim Deed
related
—
Dec 15, 2011
$51,450
Messick Properties
Pinnacle Natl Bk
Grant Deed
—
Aug 24, 2011
$76,389
Pinnacle Natl Bk
Chesley,jay & Lisa
Grant Deed
—
Oct 10, 2005
$75,000
Jay Chesley
Keith,kathy
Warranty Deed
$76,472 · Bank Of The South
May 26, 2000
$37,000
Kathy Keith
Neill,lynn A
Grant Deed
—
Sep 3, 1993
$20,000
Lynn A Neill
Unknown
Grant Deed
—
Dec 20, 1991
$17,979
Terry Ellison
Unknown,
Grant Deed
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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