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    Property profile & analytics

    577 Bockman Way Sparta, TN 38583-1537

    • Banks
    • 11,480 SF
    • 1.91 lot acres
    OFF-MARKET
    Value Estimation
    $580,000
    Location Intelligence
    Property ID
    US80-1264102
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Citizens Bank / Atm / Bank
    • ATM / Atm

    Property Details for 577 Bockman Way

    Year built
    1994
    Construction
    FRAME
    Lot size
    1.91 lot acres
    Property size
    11,480 SF
    Zone code
    C-D
    Property type
    Banks
    APN
    093049P E 00700
    APU
    093049PE00700

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $530,000

    • CAP approach

      CAP return
      Estimation
      6%
      $740,000
      6.5%
      $815,000
      7%
      $740,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $845,000
      Geo Method
      $745,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $760,000
      Retail
      $630,000
      Mixed-Use
      $720,000
      Hospitality
      $790,000
      Educational
      $730,000
      Residential Income
      $760,000
      Energy
      $765,000
      Income-Based Land
      $815,000
      Food Service
      $735,000

    Location Insight

    • Map
    • Local Demand
    City
    Sparta
    County
    White
    State
    Tennessee
    Longitude
    -85.4802
    Latitude
    35.9334

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2021
    $23,202
    $133,720
    $647,960
    $781,680
    -
    $334,300
    $1,619,900
    $1,954,200

    Comparable in this City

    • Value Estimation by Request
      12,046 SF

      6 Liberty Sq

      FINANCIAL BUILDING • 12,046 SF
      6 Liberty Sq, Sparta, TN 38583-2044
      View Details
    • Value Estimation
      $340,000
      1,682 SF

      325 Spg St

      FINANCIAL BUILDING • 1,682 SF
      325 Spg St, Sparta, TN 38583
      View Details
    • Value Estimation
      $325,000
      14,274 SF

      130 Sam Walton Dr

      FINANCIAL BUILDING • 14,274 SF
      130 Sam Walton Dr, Sparta, TN 38583-8810
      View Details
    • Value Estimation
      $270,000
      4,870 SF

      113 Bockman Way

      FINANCIAL BUILDING • 4,870 SF
      113 Bockman Way, Sparta, TN 38583-2061
      View Details
    • Value Estimation
      $635,000
      11,328 SF

      576 Bockman Way

      FINANCIAL BUILDING • 11,328 SF
      576 Bockman Way, Sparta, TN 38583-1542
      View Details
    • Value Estimation
      $795,000
      10,192 SF

      469 Bockman Way

      FINANCIAL BUILDING • 10,192 SF
      469 Bockman Way, Sparta, TN 38583-1831
      View Details

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    Sparta, TN 38583-1537
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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