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Property profile & analytics
FOR SALE
Grocery and convenience stores
7523 East Lamar Alexander Pkwy Townsend, TN 37882
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-2206460
No photos on file
For Sale
$1,600,000
7523 East Lamar Alexander Pkwy, Townsend, TN 37882
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1960
Total area
1,864 SF
Lot
0.26 ac (11,326 SF)
Zoning code
B-1
APN
005096J A 03700
UPID
US80-2206460
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
-
One stop market (citgo) Grocery & Convenience Store Food Market
-
One stop market Grocery & Convenience Store
-
Hunt Brothers Pizza Restaurant
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
Dhara Patel · 3 yrs held
Dhara Patel
since 2023
Last sale
$590,000
4 recorded transactions
Zoning & alternative use
B-1 · Townsend, TN
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 Townsend submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Townsend 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 2022Property tax & assessments
Tax year 2022
Tax billed
$1,799
Tax year 2022
Assessed value
$86,000
Assessed 2023
Previous assessed
$72,840
+18.1% YoY
Effective rate
2.09%
On assessed value
Assessed land
$34,000
Assessed improvement
$52,000
Land market value
$85,000
Improvement market value
$130,000
Total market value
$215,000
Applied tax rate
5.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
For Sale
Year built
1960
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
1
Total area
1,864 SF
Lot
0.26 ac (11,326 SF)
Zoning code
B-1
APN
005096J A 03700
UPID
US80-2206460
Jurisdiction
BLOUNT
Zoning & alternative use
B-1 · Townsend, TN
Zoning B-1 · permitted uses
B-1 · Townsend, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Townsend. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1960
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Dhara Patel
Individual
Mailing address
8927 HIGHBURY WAY, KNOXVILLE, TN 37922-1472
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2023
$590,000
Dhara Patel
Ddb INC
Warranty Deed
$150,000 · Peoples Bank
May 5, 2016
—
Ddb INC
Ddb INC
Quit Claim Deed
related
—
Feb 8, 2013
$150,000
Ddb INC
Tkt Ptshp
Warranty Deed
—
Jun 3, 1965
—
Paul L Wilson
Owner Name Unavailable
Grant Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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