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Property profile & analytics
OFF-MARKET
Retail space
75 Old Military Rd Summertown, TN 38483-7030
Entity Owned
~
Est. High Equity
Property ID
US80-0118544
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1992
Total area
1,832 SF
Lot
25.26 ac (1,100,326 SF)
APN
050022 00403
UPID
US80-0118544
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
-
ThunderHill Raceway Park Racecourse
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
C Harris Promotions LLC
C Harris Promotions LLC
since 2025
Last sale
$750,000
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 Summertown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Summertown 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 2023Property tax & assessments
Tax year 2023
Tax billed
$1,112
Tax year 2023
Assessed value
$55,320
Assessed 2023
Previous assessed
$55,320
+0.0% YoY
Effective rate
2.01%
On assessed value
Assessed land
$30,320
Assessed improvement
$25,000
Land market value
$75,800
Improvement market value
$62,500
Total market value
$138,300
Applied tax rate
50.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1992
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
1
Rooms
6
Bathrooms
6
Total area
1,832 SF
Lot
25.26 ac (1,100,326 SF)
APN
050022 00403
UPID
US80-0118544
Jurisdiction
LAWRENCE
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
1992
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Rooms
6
Bathrooms
6
Lot
25.26 ac
Current owner
From public records · entity-resolved
C Harris Promotions LLC
Entity
Mailing address
1906 PHINNY MURPHY RD, CULLEOKA, TN 38451-2765
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 26, 2025
$750,000
C Harris Promotions LLC
Thunderhill Raceway And Drive In Ll
Warranty Deed
$700,000 · William Hibbits
Dec 6, 2024
$375,000
Thunderhill Raceway And Drive In Ll
Walker Motor Sports LLC
Warranty Deed
—
Apr 19, 2024
—
Walker Motor Sports LLC
—
Deed
related
$125,000 · Heritage Bank & Trust
Jan 25, 2021
$377,142
Walker Motorsports LLC
Dirt Dog LLC
Warranty Deed
—
Jul 19, 2013
$170,000
Dirt Dog LLC
Burns,wayne & Carol
Warranty Deed
—
Apr 5, 2006
$200,000
Wayne Burns
Glass,jerry & Sandra
Warranty Deed
$175,000 · Jerry & Sandra Glass
Dec 8, 2004
$75,000
Jerry Glass
Pazouki,al & Renee
Warranty Deed
—
Sep 29, 2003
$225,000
Al Pazouki
Glass,jerry & Sa
Grant Deed
—
Jan 10, 1993
$25,000
Samuel J French
Unknown
Grant Deed
—
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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