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Property profile & analytics
OFF-MARKET Estimated value $1,000,000
Retail space

427 Bockman Way Sparta, TN 38583-1810

11,616 SF 1.81 ac lot Built 1965
Entity Owned 4-yr Hold Free & Clear
Property ID
US80-1781165
Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1965
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 11,616 SF
Lot 1.81 ac (78,844 SF)
Zoning code C-D
APN 093059A A 03300
UPID US80-1781165
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
  • Life Church Sparta Church
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.00M
Blend (final) Blend
$1.00M
Owner & transaction history
Midway Estates LLC · 4 yrs held
Midway Estates LLC
since 2022
Last sale
$20,000
6 recorded transactions
2022
$20,000
2020
Price N/A
2019
$600,000
2019
Price N/A
2018
Price N/A
1969
Price N/A
Zoning & alternative use
C-D · Sparta, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

C-D zones are considered to have a moderate impact unless a specific use is classified elsewhere. Non-residential uses in the CN zone are also considered to have a moderate impact. The following uses shall be 14-112 considered to have a moderate impact regardless of zoning classification: off- site parking lots located in resident ial district, gasoline serv…

Zone name Commercial D Districts
General category INDUSTRIAL
Zone area 1,341.74 ac
Top alternative use upside
Commercial (general) $1.2M +23.2%
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