Technical
Financial
Distress signals
Property profile

470 Bockman Way Sparta, TN 38583

OFF-MARKET
Grocery and convenience stores
Property ID
US80-0717445
5,205 SF 0.58 ac lot Built 1987
Entity Owned 8-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1987
Total area 5,205 SF
Lot 0.58 ac (25,425 SF)
Zoning code C-D
APN 093049P B 02200
UPID US80-0717445

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gas Station
  • Atm

Location

470 Bockman Way Sparta, TN 38583-1833
Sparta metro Census 935300
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$673k
Blend (final) Blend
$340k

Owner & transaction history

since 2017
4 recorded transactions
2025
Price N/A
2017
$675,000
2013
$570,000
1998
$255,000

Zoning & alternative use

C-D · Sparta, TN
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 cons…

General category INDUSTRIAL
Top alternative use upside
Commercial (general) $555,000 +23.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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