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Property profile & analytics
OFF-MARKET
Estimated value
$3,750,000
Grocery and convenience stores
5414 Hixson Pike Hixson, TN 37343-3253
Entity Owned
2-yr Hold
Free & Clear
Property ID
US80-0697149
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1983
Total area
39,700 SF
Lot
2.98 ac (129,809 SF)
Zoning code
C2
APN
100O D 022
UPID
US80-0697149
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
$3.75M
CAP Approach
CAP
$2.77M
Comparable Approach
Comparable
$4.81M
Blend (final)
Blend
$3.75M
Owner & transaction history
Blood Assurance INC · 2 yrs held
Blood Assurance INC
since 2024
Last sale
$3.8M
7 recorded transactions
Zoning & alternative use
C2 · Hixson, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.8M
+8.0%
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 Hixson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hixson 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
$3,750,000
ML approach
$3,750,000
CAP Approach
CAP Return
Estimation
6%
$2,995,000
6.5%
$2,765,000
7%
$2,570,000
Alternative Use
Use
Estimation
RETAIL STORES
$5,405,000
Current use
COMMERCIAL (GENERAL)
$5,840,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$3.75M
Range $3.38M – $4.13M · ±10% · vs last sale $3.75M (May 20 2024)
Last sale anchor
$3.75M
May 20 2024
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
Tax billed
$25,638
Tax year 2023
Assessed value
$1,145,920
Assessed 2023
Previous assessed
$1,145,920
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$882,700
Improvement market value
$1,982,100
Total market value
$2,864,800
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
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1983
Heating
YES
Buildings
3
Stories
1
Total area
39,700 SF
Lot
2.98 ac (129,809 SF)
Zoning code
C2
APN
100O D 022
UPID
US80-0697149
Jurisdiction
HAMILTON
Zoning & alternative use
C2 · Hixson, TN
Zoning C2 · permitted uses
C2 · Hixson, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hixson. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$5.4M
COMMERCIAL (GENERAL)
Est. value
$5.8M
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
1983
Heating
YES
Stories
1
Buildings
3
Lot
2.98 ac
Current owner
From public records · entity-resolved
Blood Assurance INC
Entity
Free & Clear · 2 yrs held
Mailing address
705 E 4TH ST, CHATTANOOGA, TN 37403-1916
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2024
$3,750,000
Blood Assurance INC
West Point Aquatics LLC
Warranty Deed
—
Nov 22, 2021
$2,625,000
West Point Aquatics LLC
Harvest Market LLC
Warranty Deed
—
Feb 2, 2017
—
Plainview Outdoor LLC
Harvest Grocery LLC
Grant Deed
related
—
Oct 29, 2014
$1,370,000
Harvest Market LLC
N H Partners G P
Special Warranty Deed
$4,450,000 · Community National Bank
Nov 22, 2013
$895,000
Nh Partners Gp
Twin Brook Investments
Warranty Deed
—
Apr 25, 2012
$435,000
Twin Brook Investments
Veglio,vickie N
Warranty Deed
—
Sep 16, 2010
—
De La Salle Real Estate LLC
Christian Brothers La Salle
Quit Claim Deed
related
—
Jul 26, 2010
—
Father Ryan High School
Veglio Vickie N
Quit Claim Deed
related
—
Oct 3, 2007
—
Giacosa 2007 Trust
Veglio Vickie N
Quit Claim Deed
related
—
Apr 9, 1996
—
Veglio,vickie Noreen Trust
—
Deed Of Trust
related
—
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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