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Property profile & analytics
OFF-MARKET Estimated value $490,000
Grocery and convenience stores

7049 Saint Elmo Rd Bartlett, TN 38135-1709

2,714 SF 1.36 ac lot Built 1988
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
$490k
Owner & transaction history
San Luke INC · 4 yrs held
San Luke INC
since 2021
Last sale
$600,000
5 recorded transactions
2021
$600,000
2014
$390,000
2014
Price N/A
2006
Price N/A
1969
Price N/A
Zoning & alternative use
C-L · Bartlett, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

(sit-down) in C-L district, with special use permit 10/8/02 02-12 Amended Art. VI, Sec. 12 to add accessible parking spaces requirement 12/10/02 02-16 Amended Art. V, Chart 1, to add and amend permitted uses; amend Art. I to add and amend definitions; amend Art. IX, Sec. 5 to delete Special Exceptions authority from the Board of Zoning Appeals, delete refere…

Zone name Neighborhood Business District
General category COMMERCIAL
Zone area 127.11 ac
Source Zoning Ordinance
Top alternative use upside
Medical building $390,000 +94.9%
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