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Property profile & analytics
FOR SALE
Grocery and convenience stores
539 N Main St Lake City, TN 37769
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-1501765
For Sale
1 / 10
Contact for pricing
539 N Main St, Lake City, TN 37769
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2004
Total area
9,731 SF
Lot
1.53 ac (66,647 SF)
APN
001008L C 00300
UPID
US80-1501765
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.86M
CAP Approach
CAP
$2.15M
Comparable Approach
Comparable
$1.35M
Blend (final)
Blend
$1.80M
Owner & transaction history
Bradley A Crenshaw · 2 yrs held
Bradley A Crenshaw
since 2023
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.4M
+47.8%
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 Lake City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake City 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
$1,985,000
ML approach
$1,855,000
CAP Approach
CAP Return
Estimation
6%
$2,330,000
6.5%
$2,150,000
7%
$1,995,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,355,000
Change: +48% · Conversion: Easy
Blend value · Realmo final
$1.80M
Range $1.62M – $1.98M · ±10% · vs last sale $1.73M (Aug 24 2023)
Last sale anchor
$1.73M
Aug 24 2023
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
$185 / 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
Property tax & assessments
Assessed value
$332,400
Assessed 2023
Previous assessed
$332,400
+0.0% YoY
Assessed land
$112,760
Assessed improvement
$219,640
Land market value
$281,900
Improvement market value
$549,100
Total market value
$831,000
Applied tax rate
1.0000
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
GROCERY, SUPERMARKET
Status
For Sale
Year built
2004
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Rooms
5
Bathrooms
1
Total area
9,731 SF
Lot
1.53 ac (66,647 SF)
APN
001008L C 00300
UPID
US80-1501765
Jurisdiction
ANDERSON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.4M
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
2004
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
5
Bathrooms
1
Lot
1.53 ac
Current owner
From public records · entity-resolved
Bradley A Crenshaw
Individual
Mailing address
127 COX RD, SHARPS CHAPEL, TN 37866-2928
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 24, 2023
$1,733,333
Bradley A Crenshaw
Roots Oil Rocky Top LLC
Special Warranty Deed
$885,000 · First Century Bank
Oct 21, 2019
—
Dsd Ptshp
Rice Oil Co INC
Quit Claim Deed
related
—
Oct 21, 2019
$825,000
Dsd Ptshp
Rice Oil Co INC
Warranty Deed
—
Sep 8, 2017
—
O & A Properties LLC
—
Deed
related
$172,895 · Citizens Bk
Jul 23, 2004
—
O & A Properties LLC
—
Deed Of Trust
related
$720,000 · American Tr Bk/e Tn
—
—
O & A Properties LLC
—
Loan Modification
related
$57,593 · American Tr Bk/e Tn
—
—
O & A Properties LLC
—
Deed Of Trust
related
$149,070 · American Trust Bank E Tn
—
—
O & A Properties LLC
—
Loan Modification
related
$719,900 · American Tr Bk/e Tn
—
—
O & A Properties LLC
—
Deed Of Trust
related
$172,895 · Citizens 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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