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    Property profile & analytics

    821 University St Martin, TN 38237-1627

    • Grocery and convenience stores
    • 3,290 SF
    • 0.92 lot acres
    OFF-MARKET
    Value Estimation
    $770,000
    Last Sale
    Oct 06, 2023
    $890,000
    Location Intelligence
    Property ID
    US80-0917192
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Pockets / Firewood Supplier
    • Shell / Gas Station / Restaurant

    Property Details for 821 University St

    Year built
    1989
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.92 lot acres
    Property size
    3,290 SF
    Property type
    Grocery and convenience stores
    APN
    092073 04203
    APU
    9207304203

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $760,000

    • CAP approach

      CAP return
      Estimation
      6%
      $870,000
      6.5%
      $810,000
      7%
      $820,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $695,000
      Geo Method
      $770,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $805,000
      Retail
      $725,000
      Mixed-Use
      $835,000
      Hospitality
      $795,000
      Educational
      $735,000
      Residential Income
      $930,000
      Energy
      $775,000
      Income-Based Land
      $670,000
      Food Service
      $705,000

    Location Insight

    • Map
    • Local Demand
    City
    Martin
    County
    Weakley
    State
    Tennessee
    Longitude
    -88.8743
    Latitude
    36.3489
    CBSA code
    32280
    CBSA name
    MARTIN, TN MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $110,400
    $194,960
    $305,360
    -
    $276,000
    $487,400
    $763,400

    Comparable in this City

    • Value Estimation
      $260,000
      3,105 SF

      424 Lindell St

      GROCERY, SUPERMARKET • 3,105 SF
      424 Lindell St, Martin, TN 38237-1820
      View Details
    • Value Estimation
      $1,210,000
      4,352 SF

      975 Main St

      GROCERY, SUPERMARKET • 4,352 SF
      975 Main St, Martin, TN 38237-2540
      View Details
    • Value Estimation
      $1,520,000
      4,508 SF

      200 Mt Pelia Rd

      GROCERY, SUPERMARKET • 4,508 SF
      200 Mt Pelia Rd, Martin, TN 38237-3804
      View Details
    • Value Estimation
      $505,000
      4,434 SF

      5595 Skyhawk Pkwy

      GROCERY, SUPERMARKET • 4,434 SF
      5595 Skyhawk Pkwy, Martin, TN 38237-2705
      View Details
    • Value Estimation
      $1,415,000
      5,440 SF

      609 Elm St

      GROCERY, SUPERMARKET • 5,440 SF
      609 Elm St, Martin, TN 38237-3401
      View Details
    • Value Estimation
      $320,000
      2,464 SF

      838 University St

      GROCERY, SUPERMARKET • 2,464 SF
      838 University St, Martin, TN 38237-1637
      View Details

    Similar Nearby for Sale

    • $325,000
      2,748 SF

      Retail Opportunity in Martin, TN

      Retail property suitable for a liquor or convenience store.
      785 Main St, Martin, TN 38237
      View Details
    • $1,300,000
      12,940 SF

      Commercial Property in Downtown Martin

      Prime commercial property with established businesses and growth potential.
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    • $745,000
      7,000 SF

      Leased Mixed-Use Investment Opportunity

      Fully leased mixed-use property with retail and residential units.
      233 S Lindell St, Martin, TN 38237
      View Details
    • $1,300,000
      12,940 SF

      Commercial Property in Downtown Martin

      Prime commercial property with established businesses and growth potential.
      115 Neal St, Martin, TN 38237
      View Details
    • $795,000
      10,164 SF

      Furnished Restaurant with Living Quarters

      Two-story furnished restaurant with living space in Martin, TN.
      214 S Lindell St, Martin, TN 38237
      View Details
    • $745,000
      7,000 SF

      Leased Mixed-Use Investment Opportunity

      Fully leased mixed-use property with retail and residential units.
      233 S Lindell St, Martin, TN 38237
      View Details

    Similar Nearby for Lease

    • $23,065
      92,260 SF

      Martin, TN Warehouse Opportunity

      92,260 sq ft industrial space for lease in Martin, TN.
      8160 Hwy 45S, Martin, TN 38237
      View Details
    • Contact for pricing
      25,000 SF

      Prime Martin, TN Commercial Land

      7.55 Acres, Zoned PB, Development Ready
      833 University St, Martin, TN 38237
      View Details
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    Martin, TN 38237-1627
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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