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Property profile & analytics
OFF-MARKET
Estimated value
$15,160,000
Grocery and convenience stores
5928 Hixson Pike, Hixson, TN 37343-4838
Entity Owned
8-yr Hold
Free & Clear
Property ID
US80-1102090
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2009
Total area
79,260 SF
Lot
10.92 ac (475,545 SF)
Zoning code
C2
APN
100 035
UPID
US80-1102090
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
Current use
Occupant on record · Public records
-
Marjorie Miller Pharmacy
-
Great Clips Hair Salon
-
Serenity Nails Nail Salon
-
Netontherun Department Store
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$15.16M
Blend (final)
Blend
$15.16M
Owner & transaction history
Psm Tennessee Holdings LLC · 8 yrs held
Psm Tennessee Holdings LLC
since 2017
6 recorded transactions
Zoning & alternative use
C2 · Hixson, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$24.8M
+129.6%
Auto repair, garage
$15.3M
+41.6%
Medical building
$15.2M
+41.1%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$10,790,000
Current use
RESTAURANT
$24,770,000
Change: +130% · Conversion: Easy
AUTO REPAIR, GARAGE
$15,275,000
Change: +42% · Conversion: Difficult
MEDICAL BUILDING
$15,230,000
Change: +41% · Conversion: Difficult
COMMERCIAL (GENERAL)
$11,655,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$15.16M
Range $13.64M – $16.68M · ±10%
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
$191 / 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
$103,694
Tax year 2023
Assessed value
$4,634,800
Assessed 2023
Previous assessed
$4,634,800
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$4,752,400
Improvement market value
$6,834,600
Total market value
$11,587,000
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
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
2009
Heating
YES
Buildings
5
Stories
1
Total area
79,260 SF
Lot
10.92 ac (475,545 SF)
Zoning code
C2
APN
100 035
UPID
US80-1102090
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
$10.8M
RESTAURANT
Est. value
$24.8M
AUTO REPAIR, GARAGE
Est. value
$15.3M
MEDICAL BUILDING
Est. value
$15.2M
COMMERCIAL (GENERAL)
Est. value
$11.7M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
2009
Heating
YES
Stories
1
Buildings
5
Lot
10.92 ac
Current owner
From public records · entity-resolved
Psm Tennessee Holdings LLC
Entity
Free & Clear · 8 yrs held
Mailing address
PO BOX 32018, LAKELAND, FL 33802-2018
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2017
—
Psm Tennessee Holdings LLC
Publix Super Markets INC
Quit Claim Deed
related
—
Nov 26, 2014
$13,000,000
Publix Super Markets INC
Cpv2 LLC
Grant Deed
—
Jan 19, 2011
$9,556,448
Cpv2 LLC
Creek Plantation Village LLC
Grant Deed
—
Jan 19, 2011
—
Cpv2 LLC
Creek Plantation Village LLC
Deed Of Trust
related
$6,300,000 · Pnc Bank
Feb 12, 2007
—
Creek Plantation Village LLC
Whitmire,robert L & Lois M
Quit Claim Deed
related
—
Feb 12, 2007
$250,000
Creek Plantation Village LLC
Whitmire,joann H
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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