Property profile

705711 Reelfoot Ave Union City, TN 38261

OFF-MARKET
Retail properties & Spaces
Property ID
US80-2036984
54,417 SF 6.73 ac lot Built 1969
Entity Owned 32-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Retail properties & Spaces
Use group DEPARTMENT STORE
Year built 1969
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 54,417 SF
Lot 6.73 ac (293,159 SF)
APN 066059E A 00900
UPID US80-2036984

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

705711 Reelfoot Ave Union City, TN 38261-6021
Union City metro Census 965700 UNION CITY, TN-KY MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.74M
Blend (final) Blend
$550k

Owner & transaction history

since 1993
4 recorded transactions
2017
Price N/A
2016
Price N/A
1993
$365,000
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $4.8M +47.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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