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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Retail space
7703 Hixson Pike, Hixson, TN 37343-1724
Individually Owned
13-yr Hold
Free & Clear
Property ID
US80-0230144
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1951
Total area
2,833 SF
Lot
3.9 ac (169,884 SF)
Zoning code
C3
APN
092 094
UPID
US80-0230144
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
-
Shelton Landscape Supply Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$542k
Blend (final)
Blend
$540k
Owner & transaction history
Mitchell E Shelton · 13 yrs held
Mitchell E Shelton
since 2012
7 recorded transactions
Zoning & alternative use
C3 · Hixson, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$545,000
+41.6%
Medical building
$545,000
+41.1%
Commercial (general)
$415,000
+8.0%
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 Hixson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hixson 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
$385,000
Current use
AUTO REPAIR, GARAGE
$545,000
Change: +42% · Conversion: Difficult
MEDICAL BUILDING
$545,000
Change: +41% · Conversion: Difficult
COMMERCIAL (GENERAL)
$415,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$540k
Range $486k – $594k · ±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
$191 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$6,361
Tax year 2023
Assessed value
$273,760
Assessed 2023
Previous assessed
$273,760
+0.0% YoY
Effective rate
2.32%
On assessed value
Land market value
$577,600
Improvement market value
$106,800
Total market value
$684,400
Applied tax rate
3.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1951
Heating
YES
Buildings
3
Stories
1
Total area
2,833 SF
Lot
3.9 ac (169,884 SF)
Zoning code
C3
APN
092 094
UPID
US80-0230144
Jurisdiction
HAMILTON
Zoning & alternative use
C3 · Hixson, TN
Zoning C3 · permitted uses
C3 · Hixson, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hixson. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$385,000
AUTO REPAIR, GARAGE
Est. value
$545,000
MEDICAL BUILDING
Est. value
$545,000
COMMERCIAL (GENERAL)
Est. value
$415,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1951
Heating
YES
Stories
1
Buildings
3
Lot
3.9 ac
Current owner
From public records · entity-resolved
Mitchell E Shelton
Individual
Free & Clear · 13 yrs held
Mailing address
7703 HIXSON PIKE, HIXSON, TN 37343-1724
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2017
—
Shelton,mitchell E Living Trust
—
Trustees Deed
related
$150,000 · First Volunteer Bk
Nov 8, 2012
—
Mitchell E Shelton
Shelton Mitchell E Trust
Quit Claim Deed
related
—
Oct 14, 2011
—
Shelton Mitchell E Living Trust
Shelton,mitchell E
Quit Claim Deed
related
—
Mar 4, 1998
—
Shelton,mitchell E
—
Trustees Deed
related
—
Jan 12, 1995
$75,000
Mitchell E Shelton
—
Grant Deed
related
—
Jan 17, 1994
$75,000
Mitchell E Shelton
Farlett,amelia D
Grant Deed
$75,000 · Pioneer Bank
—
—
Mitchell E Shelton
—
Deed Of Trust
related
—
—
—
Shelton,mitchell E
—
Loan Modification
related
—
—
—
Mitchell E Shelton
—
Loan Modification
related
$405,191 · Smartbank
—
—
Shelton,mitchell E Living Trust
—
Deed Of Trust
related
$385,353 · First Volunteer Bk
—
—
Mitchell E Shelton
—
Deed Of Trust
related
$800,000 · Cornerstone Community 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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