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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Grocery and convenience stores
7049 Saint Elmo Rd, Bartlett, TN 38135-1709
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-1912235
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1988
Total area
2,714 SF
Lot
1.36 ac (59,285 SF)
Zoning code
C-L
APN
B01-48 - - -00603
UPID
US80-1912235
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
$510k
CAP Approach
CAP
$500k
Comparable Approach
Comparable
$659k
Blend (final)
Blend
$560k
Owner & transaction history
San Luke INC · 4 yrs held
San Luke INC
since 2021
Last sale
$600,000
5 recorded transactions
Zoning & alternative use
C-L · Bartlett, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$390,000
+94.9%
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 Bartlett submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bartlett 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
$490,000
ML approach
$510,000
CAP Approach
CAP Return
Estimation
6%
$545,000
6.5%
$500,000
7%
$465,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$390,000
Change: +95% · Conversion: Difficult
Blend value · Realmo final
$560k
Range $504k – $616k · ±10% · vs last sale $600k (Dec 20 2021)
Last sale anchor
$600k
Dec 20 2021
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
$206 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$5,823
Tax year 2022
Assessed value
$171,760
Assessed 2023
Previous assessed
$171,760
+0.0% YoY
Effective rate
3.39%
On assessed value
Assessed land
$57,760
Assessed improvement
$114,000
Land market value
$144,400
Improvement market value
$285,000
Total market value
$429,400
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1988
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
2,714 SF
Lot
1.36 ac (59,285 SF)
Zoning code
C-L
APN
B01-48 - - -00603
UPID
US80-1912235
Jurisdiction
SHELBY
Zoning & alternative use
C-L · Bartlett, TN
Zoning C-L · permitted uses
C-L · Bartlett, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bartlett. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$390,000
MEDICAL BUILDING
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
1988
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
1.36 ac
Current owner
From public records · entity-resolved
San Luke INC
Entity
Mailing address
11017 HWY 70, ARLINGTON, TN 38002-8066
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2021
$600,000
San Luke INC
Willoughby Holdings INC
Warranty Deed
$1,200,000 · First Security Bank
Nov 3, 2014
$390,000
Willoughby Holdings INC
Tugwell Oil Co INC
Warranty Deed
$331,500 · Patriot Bk
Aug 1, 2014
—
Tugwell Oil Co INC
—
Trustees Deed
related
$250,658 · Patriot Bk
Aug 18, 2006
—
Tugwell Oil Co INC
—
Trustees Deed
related
$350,000 · Patriot Bank NA
—
—
Tugwell Oil Co INC
—
Deed Of Trust
related
$100,000 · Munford Union Bank
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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