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Property profile & analytics
OFF-MARKET
Commercial real estate
5461 Hwy 22 Gleason, TN 38229-6367
Individually Owned
5-yr Hold
Property ID
US80-2093854
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1994
Construction
FRAME
Total area
6,000 SF
Lot
3.15 ac (137,214 SF)
Zoning code
10
APN
092123 01401
UPID
US80-2093854
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Rick Northup · 5 yrs held
Rick Northup
since 2021
Last sale
$300,000
7 recorded transactions
Zoning & alternative use
10 · Gleason, TN
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 Gleason submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gleason 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$50,125
Assessed 2023
Previous assessed
$34,375
+45.8% YoY
Assessed land
$7,150
Assessed improvement
$42,975
Land market value
$28,600
Improvement market value
$171,900
Total market value
$200,500
Applied tax rate
92.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1994
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
0
Total area
6,000 SF
Lot
3.15 ac (137,214 SF)
Zoning code
10
APN
092123 01401
UPID
US80-2093854
Jurisdiction
WEAKLEY
Zoning & alternative use
10 · Gleason, TNZoning 10 · permitted uses
10 · Gleason, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Gleason code
Building & site characteristics
From public records
Year built
1994
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
0
Lot
3.15 ac
Current owner
From public records · entity-resolved
Rick Northup
Individual
Mailing address
17 CLOVERFIELD LN, MC KENZIE, TN 38201-8480
Ownership since
2021
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
Mar 22, 2024
—
Ryan Satterfield Austin
—
Deed
related
$51,298 · Carroll Bank & Trust
May 19, 2021
$300,000
Rick Northup
Willard N Cummings
Warranty Deed
—
Jul 18, 2019
$155,000
Austin Satterfield
Taylor,benjamin J & Jennifer L
Warranty Deed
$131,750 · Firstbank
Jul 17, 2013
$29,700
Willard N Cummings
Frye,janice G
Warranty Deed
—
Jul 15, 2013
$88,000
Benjamin J Taylor
Frye,janice G
Warranty Deed
$100,000 · Greenfield Banking Co Main
Sep 1, 2010
$108,200
Janice G Frye
Fyre Floyd F SR
Grant Deed
—
Aug 29, 1996
$62,500
Floyd Frye
—
Grant Deed
related
—
Aug 12, 1994
$27,000
Frye Floyd
Unknown
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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