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    Property profile & analytics

    603 Reelfoot Ave Union City, TN 38261-5738

    • Warehouses
    • 7,959 SF
    • 0.57 lot acres
    OFF-MARKET
    Value Estimation
    $445,000
    Last Sale
    Apr 21, 2020
    $400,000
    Location Intelligence
    Property ID
    US80-1294535
    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

    • Karma Beauty Bar / Hair Salon / Beauty Salon
    • Cain's Pool & Spa Services / Swimming Pool Repair Service / Pool Cleaning Service
    • CAM Electric / Electrician
    • Sunset Car Wash / Car Wash
    • Sunset Car Wash & K9000 Dog Wash / Car Wash / Self Service Car Wash

    Property Details for 603 Reelfoot Ave

    Year built
    1960
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.57 lot acres
    Property size
    7,959 SF
    Property type
    Warehouses
    APN
    066059E A 00300
    APU
    066059EA00300

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $435,000

    • CAP approach

      CAP return
      Estimation
      6%
      $485,000
      6.5%
      $405,000
      7%
      $480,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $435,000
      Geo Method
      $475,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $480,000
      Retail
      $470,000
      Mixed-Use
      $445,000
      Hospitality
      $365,000
      Educational
      $390,000
      Residential Income
      $465,000
      Energy
      $505,000
      Income-Based Land
      $445,000
      Food Service
      $450,000

    Location Insight

    • Map
    • Local Demand
    City
    Union City
    County
    Obion
    State
    Tennessee
    Longitude
    -89.0529
    Latitude
    36.4136
    CBSA code
    46460
    CBSA name
    UNION CITY, TN-KY MICROPOLITAN STATISTICAL AREA

    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
    0
    $0.00
    $22,520
    $64,760
    $87,280
    -
    $56,300
    $161,900
    $218,200

    Comparable in this City

    • Value Estimation by Request
      2,826 SF

      111 Division St

      WAREHOUSE, STORAGE • 2,826 SF
      111 Division St, Union City, TN 38261-3911
      View Details
    • Value Estimation by Request
      1,320 SF

      219 Gibbs St

      WAREHOUSE, STORAGE • 1,320 SF
      219 Gibbs St, Union City, TN 38261
      View Details
    • Value Estimation by Request
      5,800 SF

      Jackson St

      WAREHOUSE, STORAGE • 5,800 SF
      Jackson St, Union City, TN 38261
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    • Value Estimation by Request
      18,932 SF

      125 Main St

      WAREHOUSE, STORAGE • 18,932 SF
      125 Main St, Union City, TN 38261-3317
      View Details
    • Value Estimation by Request
      4,000 SF

      303 1st St

      WAREHOUSE, STORAGE • 4,000 SF
      303 1st St, Union City, TN 38261-3246
      View Details
    • Value Estimation by Request
      5,400 SF

      400 Church St

      WAREHOUSE, STORAGE • 5,400 SF
      400 Church St, Union City, TN 38261-3906
      View Details

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      Industrial Property in Union City

      31,344 sqft industrial space in a heavily industrialized area.
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    Similar Nearby for Lease

    • Contact for pricing
      411,897 SF

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    Union City, TN 38261-5738
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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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