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Property profile & analytics
OFF-MARKET
Commercial real estate
6551 Hwy 22nd S Michie, TN 38357-6007
Entity Owned
3-yr Hold
Property ID
US80-0828219
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1983
Total area
2,880 SF
Lot
0.74 ac (32,234 SF)
APN
055137 01404
UPID
US80-0828219
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
F3 Investments LLC · 3 yrs held
F3 Investments LLC
since 2023
Last sale
$21,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Michie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Michie 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
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$105
Tax year 2022
Assessed value
$24,920
Assessed 2023
Previous assessed
$6,650
+274.7% YoY
Effective rate
0.42%
On assessed value
Assessed land
$2,080
Assessed improvement
$22,840
Land market value
$5,200
Improvement market value
$57,100
Total market value
$62,300
Applied tax rate
55.0000
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
1983
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Bathrooms
3
Total area
2,880 SF
Lot
0.74 ac (32,234 SF)
APN
055137 01404
UPID
US80-0828219
Jurisdiction
MCNAIRY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1983
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
3
Lot
0.74 ac
Current owner
From public records · entity-resolved
F3 Investments LLC
Entity
Mailing address
5205 PLEASANT SITE RD, SELMER, TN 38375-6375
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 15, 2023
$21,000
F3 Investments LLC
James Ray Lambert
Warranty Deed
$55,498 · Home Banking Co
Aug 17, 2017
$6,000
James R Lambert
Mullins,paul
Warranty Deed
—
Dec 4, 2015
$10,000
Greg Lambert
Miller,johney
Warranty Deed
—
Aug 12, 2010
$5,000
Johney Miller
Mobley,jonathan A & James A
Warranty Deed
—
Apr 17, 2003
$75,000
Angela Taylor
Mobley,james A
Grant Deed
—
Feb 26, 2001
$65,000
James Mobley
Newcomb,ronald E
Grant Deed
—
May 4, 1990
$500
Jerry Prather
Unknown
Grant Deed
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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