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Property profile & analytics
OFF-MARKET
Estimated value
$3,570,000
Assisted living facilities
835 Poplar Ave Selmer, TN 38375-1851
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US80-0322342
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1985
Total area
40,176 SF
Lot
4.29 ac (186,872 SF)
Zoning code
1
APN
055090 07103
UPID
US80-0322342
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
-
William Shelton Physician
-
Rehab America Medical Clinic
-
AHC McNairy County Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.57M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.57M
Owner & transaction history
835 East Poplar Avenue Tn LLC · 1 yrs held
835 East Poplar Avenue Tn LLC
since 2024
Last sale
$3.6M
7 recorded transactions
Zoning & alternative use
1 · Selmer, 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 Selmer submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Selmer 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
$3,570,000
ML approach
$3,570,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,825,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$3,195,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,100,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,300,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$3.57M
Range $3.21M – $3.93M · ±10% · vs last sale $3.57M (Dec 9 2024)
Last sale anchor
$3.57M
Dec 9 2024
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
$89 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$30,310
Tax year 2022
Assessed value
$1,377,040
Assessed 2023
Previous assessed
$1,377,040
+0.0% YoY
Effective rate
2.20%
On assessed value
Assessed land
$103,640
Assessed improvement
$1,273,400
Land market value
$259,100
Improvement market value
$3,183,500
Total market value
$3,442,600
Applied tax rate
55.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1985
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Rooms
1
Bathrooms
54
Total area
40,176 SF
Lot
4.29 ac (186,872 SF)
Zoning code
1
APN
055090 07103
UPID
US80-0322342
Jurisdiction
MCNAIRY
Zoning & alternative use
1 · Selmer, TN
Zoning 1 · permitted uses
1 · Selmer, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Selmer. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$3.8M
RETAIL STORES
Est. value
$3.2M
WAREHOUSE, STORAGE
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$2.3M
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
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
1985
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
1
Bathrooms
54
Lot
4.29 ac
Current owner
From public records · entity-resolved
835 East Poplar Avenue Tn LLC
Entity
Mailing address
201 JORDAN RD, FRANKLIN, TN 37067-4495
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2024
$3,571,000
835 East Poplar Avenue Tn LLC
Mcnairy Propco LLC
Special Warranty Deed
—
Apr 22, 2021
—
Mcnairy Propco LLC
—
Deed
related
—
Apr 15, 2021
—
Mcnairy Propco LLC
Mcnairy County Long Term Facility L
Quit Claim Deed
related
—
Apr 8, 2010
—
American Health Companies In
—
Deed Of Trust
related
$124,440,701 · Regions Bank
Mar 11, 2010
—
Cnty Long Term Facilit Mcnairy
—
Deed Of Trust
related
$124,440,701 · Regions Bank
Dec 28, 2009
—
Cnty Long Term Facilit Mcnairy
—
Deed Of Trust
related
$124,440,701 · Regions Bank
—
—
Cnty Long Term Facilit Mcnairy
—
Deed Of Trust
related
$3,220,200 · Community South Bank
—
—
Cnty Long Term Facilit Mcnairy
—
Deed Of Trust
related
$140,000 · Amsouth 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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