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Property profile & analytics
OFF-MARKET
Residential income homes
408 Main Blvd Church Hill, TN 37642-3952
Individually Owned
15-yr Hold
Absentee Owner
Property ID
US80-1844621
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
2004
Total area
10,335 SF
Lot
1.39 ac (60,548 SF)
Zoning code
R-3
APN
037031N C 03000
UPID
US80-1844621
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
-
JLB Tree Experts Landscaping General Contractor
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
James W Phillips · 15 yrs held
James W Phillips
since 2010
7 recorded transactions
Zoning & alternative use
R-3 · Church Hill, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Section C. Medium Density Residential District (R-3 ). It is the intent of this district to provide areas for single and multi-family dwellings, to enc ourage development and continued use of the land for residential purposes, to prohibit business and industrial uses; and other uses which would interfere with development or continuation of single or multi-fa…
Zone name
Medium Density Residential
General category
INDUSTRIAL
Zone area
260.36 ac
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 Church Hill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Church Hill 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
$194,120
Assessed 2023
Previous assessed
$194,120
+0.0% YoY
Assessed land
$14,880
Assessed improvement
$179,240
Land market value
$37,200
Improvement market value
$448,100
Total market value
$485,300
Applied tax rate
37.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
2004
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
14
Total area
10,335 SF
Lot
1.39 ac (60,548 SF)
Zoning code
R-3
APN
037031N C 03000
UPID
US80-1844621
Jurisdiction
HAWKINS
Zoning & alternative use
R-3 · Church Hill, TNZoning R-3 · permitted uses
R-3 · Church Hill, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Section C. Medium Density Residential District (R-3 ). It is the intent of this district to provide areas for single and multi-family dwellings, to enc ourage development and continued use of the land for residential purposes, to prohibit business and industrial uses; and other uses which would interfere with development or continuation of single or multi-family dwellings. In order to achieve the intent of the Medium Density Residential District (R-3) as sh own on the Zoning Map of the City of Church Hill, Tennessee, the following uses are permitted: (1) Any use permitted in the R-2 residential distr ict. (2) Multi-family dwelling units per Article VI, Se ction G, Apartments and Condominiums (3) Day care centers. (Amended by Ord. No. 257, 02 /15/1994).
Zone name
Medium Density Residential
General category
INDUSTRIAL
Zone area
260.36 ac
Building & site characteristics
From public records
Year built
2004
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
14
Lot
1.39 ac
Current owner
From public records · entity-resolved
James W Phillips
Individual
Mailing address
832 RIDGEFIELDS RD, KINGSPORT, TN 37660-5031
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2010
—
James W Phillips
Phillips,dennis R
Quit Claim Deed
related
$725,000 · Trisummit Bank
May 5, 2003
$30,000
Dennis R Phillips
Thacker,jeff
Grant Deed
—
Jan 17, 2002
$25,000
Jeff Thacker
Carberry,bobby
Grant Deed
—
Jul 30, 2001
$12,000
Bobby Carberry
Gardner,hubert
Grant Deed
—
—
—
Dennis Phillips
—
Deed Of Trust
related
$250,000 · Suntrust Bank NA
—
—
James W Phillips
—
Deed Of Trust
related
$1,556,000 · Lee Bank & Trust Co
—
—
Dennis R Phillips
—
Deed Of Trust
related
$240,000 · Washington County Bank
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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