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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Retail space
431 Bernard Ave Greeneville, TN 37745-5122
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US80-3547964
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1984
Total area
6,561 SF
Lot
0.64 ac (27,878 SF)
Zoning code
B4
APN
030099H C 00900
UPID
US80-3547964
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
-
ALPS Adult Day Services Greeneville Center Adult Day Care
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$695k
Blend (final)
Blend
$615k
Owner & transaction history
Alps Adult Day Services · 7 yrs held
Alps Adult Day Services
since 2018
7 recorded transactions
Zoning & alternative use
B4 · Greeneville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$890,000
+28.0%
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 Greeneville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Greeneville 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$695,000
Current use
COMMERCIAL (GENERAL)
$890,000
Change: +28% · Conversion: Easy
Blend value · Realmo final
$615k
Range $554k – $677k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$94 / SF
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
Land market value
$61,400
Improvement market value
$270,400
Total market value
$331,800
Applied tax rate
30.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1984
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
1
Total area
6,561 SF
Lot
0.64 ac (27,878 SF)
Zoning code
B4
APN
030099H C 00900
UPID
US80-3547964
Jurisdiction
GREENE
Zoning & alternative use
B4 · Greeneville, TN
Zoning B4 · permitted uses
B4 · Greeneville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Greeneville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$695,000
COMMERCIAL (GENERAL)
Est. value
$890,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0.64 ac
Current owner
From public records · entity-resolved
Alps Adult Day Services
Individual
Mailing address
600 N DAISY ST, MORRISTOWN, TN 37814-4416
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
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
Jun 14, 2021
—
Alps Adult Day Services
—
Deed
related
$1,332,081 · Heritage Community Bank
Feb 24, 2020
—
Alps Adult Day Services
—
Deed
related
$298,042 · Heritage Cmnty Bk
Aug 26, 2019
—
Alps Adult Day Services
—
Deed Of Trust
related
$357,129 · Heritage Cmnty Bk
Oct 25, 2018
$250,000
Alps Adult Day Services
Mcgill,richard S & Rebekah
Warranty Deed
$1,000,000 · Heritage Cmnty Bk
Mar 31, 2016
—
Richard S Mcgill
Monarch Property Management INC
Quit Claim Deed
related
—
May 3, 2006
—
Monarch Property Mgmt INC
—
Trustees Deed
related
$302,000 · Bank Of Greenville
—
—
Monarch Property Mgmt INC
—
Deed Of Trust
related
$883,565 · Bank Of Greenville
—
—
Alps Adult Day Services
—
Loan Modification
related
$298,042 · Heritage Cmnty 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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