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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Grocery and convenience stores
4861 Austin Peay Hwy, Bartlett, TN 38135-0714
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US80-1553915
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2006
Total area
4,080 SF
Lot
4.07 ac (177,115 SF)
Zoning code
CMU-3
APN
D01-47 - - -00507
UPID
US80-1553915
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
-
Shell Gas Station
-
ATM (K C's Market & Deli) Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$755k
Comparable Approach
Comparable
$690k
Blend (final)
Blend
$800k
Owner & transaction history
Roopani Properties LLC · 11 yrs held
Roopani Properties LLC
since 2014
7 recorded transactions
Zoning & alternative use
CMU-3 · Bartlett, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$585,000
+94.9%
Office building
$485,000
+62.5%
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 Bartlett submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bartlett 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%
$820,000
6.5%
$755,000
7%
$700,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$585,000
Change: +95% · Conversion: Difficult
OFFICE BUILDING
$485,000
Change: +62% · Conversion: Moderate
Blend value · Realmo final
$800k
Range $720k – $880k · ±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
$196 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$14,618
Tax year 2022
Assessed value
$431,200
Assessed 2023
Previous assessed
$431,200
+0.0% YoY
Effective rate
3.39%
On assessed value
Assessed land
$129,200
Assessed improvement
$302,000
Land market value
$323,000
Improvement market value
$755,000
Total market value
$1,078,000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2006
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
4,080 SF
Lot
4.07 ac (177,115 SF)
Zoning code
CMU-3
APN
D01-47 - - -00507
UPID
US80-1553915
Jurisdiction
SHELBY
Zoning & alternative use
CMU-3 · Bartlett, TN
Zoning CMU-3 · permitted uses
CMU-3 · Bartlett, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bartlett. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$585,000
OFFICE BUILDING
Est. value
$485,000
MEDICAL BUILDING
OFFICE BUILDING
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
2006
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
4.07 ac
Current owner
From public records · entity-resolved
Roopani Properties LLC
Entity
Mailing address
11276 DEEP POND DR, COLLIERVILLE, TN 38017-9429
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
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
Jul 22, 2022
—
Roopani Properties LLC
—
Deed
related
$2,080,000 · Citizens Savings Bank & Trust Co
Feb 19, 2020
—
Roopani Properties LLC
—
Deed
related
$1,665,430 · Apex Bk
Oct 28, 2014
$1,100,000
Roopani Properties LLC
Decatur Properties IV INC
Grant Deed
—
Oct 28, 2014
—
Roopani Properties LLC
Decatur Properties IV INC
Quit Claim Deed
related
$1,221,000 · Fidelity Bk
May 14, 2014
$1,350,000
Decatur Properties IV INC
Barnes Erika R
Trustees Deed
—
Jan 26, 2011
$1,650,000
Memphis C Store LLC
Bonnie R Cranford
Warranty Deed
$1,670,000 · Fidelity Bank
—
—
Roopani Properties LLC
—
Loan Modification
related
$1,665,430 · Apex Bk
—
—
A & S Fuels LLC|roopani Properties LLC
—
Loan Modification
related
$390,316 · Brighton 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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