Property profile

488 Bockman Way Sparta, TN 38583

OFF-MARKET
Commercial land
Property ID
US80-0267632
4,368 SF 1.3 ac lot Built 1971
Entity Owned 3-yr Hold Free & Clear
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Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1971
Total area 4,368 SF
Lot 1.3 ac (56,628 SF)
Zoning code C-D
APN 093049P A 02800
UPID US80-0267632

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
  • Grocery & Convenience Store
  • Atm

Location

488 Bockman Way Sparta, TN 38583-1834
Sparta metro Census 935300
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$955k
CAP Approach CAP
by Request
Comparable Approach Comparable
$736k
Blend (final) Blend
$885k

Owner & transaction history

since 2023
Last sale
$900,000
3 recorded transactions
2023
$900,000
2018
$15,000
1950
$700,000

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

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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