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Property profile & analytics
OFF-MARKET
Commercial real estate
411 Hwy 11th E Bulls Gap, TN 37711-3455
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-0549330
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1930
Total area
5,238 SF
Lot
180 ac (7,840,800 SF)
Zoning code
B-3
APN
037161J A 00500
UPID
US80-0549330
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
-
Bulls Gap Hemp Solutions (Bike/Boat/Book/etc) Store
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
J G Patel LLC · 3 yrs held
J G Patel LLC
since 2023
Last sale
$205,000
4 recorded transactions
Zoning & alternative use
B-3 · Bulls Gap, TN
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 Bulls Gap submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bulls Gap 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
$47,040
Assessed 2023
Previous assessed
$47,040
+0.0% YoY
Assessed land
$10,640
Assessed improvement
$36,400
Land market value
$26,600
Improvement market value
$91,000
Total market value
$117,600
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
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1930
Heating
YES
Buildings
2
Stories
1
Bathrooms
2
Total area
5,238 SF
Lot
180 ac (7,840,800 SF)
Zoning code
B-3
APN
037161J A 00500
UPID
US80-0549330
Jurisdiction
HAWKINS
Zoning & alternative use
B-3 · Bulls Gap, TN
Zoning B-3 · permitted uses
B-3 · Bulls Gap, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bulls Gap. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1930
Heating
YES
Stories
1
Buildings
2
Bathrooms
2
Lot
180 ac
Current owner
From public records · entity-resolved
J G Patel LLC
Entity
Mailing address
5125 HANSFORD PL, MORRISTOWN, TN 37814-8041
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 17, 2023
$205,000
J G Patel LLC
Elmer John Purkey
Warranty Deed
$174,250 · Andrew Johnson Bank
Feb 24, 2020
$115,000
Elmer John Purkey
Tony A Goins
Warranty Deed
$99,088 · Apex Bank
Apr 2, 2008
$50,000
Tony A Goins
Jefferson Federal Bank
Warranty Deed
$50,000 · Jefferson Federal Bank
Feb 28, 2008
$50,000
Jefferson Federal Bank
Wilson,ernest L & Scottie A
Trustees Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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