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Property profile & analytics
OFF-MARKET
Estimated value
$985,000
Grocery and convenience stores
711 Cornersville Rd Lewisburg, TN 37091-4109
Entity Owned
1-yr Hold
Free & Clear
Property ID
US80-3462358
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1974
Construction
FRAME
Total area
11,250 SF
Lot
1.41 ac (61,250 SF)
APN
059071H A 00300
UPID
US80-3462358
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
Current use
Occupant on record · Public records
-
The Church of Jesus Christ of Latter-day Saints Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$952k
Blend (final)
Blend
$985k
Owner & transaction history
V Hope Real Estate INC · 1 yrs held
V Hope Real Estate INC
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.3M
+59.4%
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 Lewisburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lewisburg 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$840,000
Current use
COMMERCIAL (GENERAL)
$1,340,000
Change: +59% · Conversion: Easy
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±10%
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
$88 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$4,888
Tax year 2021
Assessed value
$223,760
Assessed 2023
Previous assessed
$223,760
+0.0% YoY
Effective rate
2.18%
On assessed value
Assessed land
$38,840
Assessed improvement
$184,920
Land market value
$97,100
Improvement market value
$462,300
Total market value
$559,400
Applied tax rate
59.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1974
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Units
1
Rooms
10
Bathrooms
2
Total area
11,250 SF
Lot
1.41 ac (61,250 SF)
APN
059071H A 00300
UPID
US80-3462358
Jurisdiction
MARSHALL
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$840,000
COMMERCIAL (GENERAL)
Est. value
$1.3M
RETAIL STORES Current
COMMERCIAL (GENERAL)
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
1974
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
10
Bathrooms
2
Lot
1.41 ac
Current owner
From public records · entity-resolved
V Hope Real Estate INC
Entity
Free & Clear · 1 yrs held
Mailing address
137 MATTIE CT, MADISON, AL 35756-4169
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2024
—
V Hope Real Estate INC
Vijayalakshmi Saroja Bandaru
Quit Claim Deed
related
—
Jun 23, 2021
—
Vijayalakshmi Bandaru
—
Deed
related
$305,000 · River Bank & Trust
Dec 27, 2019
—
Vijayalakshmi Bandaru
Gangadhara Bandaru
Quit Claim Deed
related
—
Mar 23, 2010
$300,000
Gangadhara Bandaru
Ferguson,todd & Merry
Warranty Deed
$300,000 · First National Bank
Jul 1, 2005
$200,000
Todd Ferguson
K & L Investments
Warranty Deed
$244,893 · First National Bank Pulaski
Jul 30, 1999
—
K Investments
Unknown
Grant Deed
related
—
Apr 3, 1998
—
K & L Investments LLC
—
Deed Of Trust
related
—
Jul 6, 1994
$427,000
K Investments
Unknown
Grant Deed
—
—
—
Todd Z Ferguson
—
Deed Of Trust
related
$42,000 · First National Bank Pulaski
—
—
Todd Z Ferguson
—
Deed Of Trust
related
$16,485 · First National 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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