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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
838 University St Martin, TN 38237-1637
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US80-3483513
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,464 SF
Lot
0.84 ac (36,590 SF)
APN
092073 04305
UPID
US80-3483513
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
-
Exxon Gas Station
-
ESSARYS GAS AND OIL Gas Station
-
Martin Food Mart Grocery & Convenience Store
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
Narinder S Mutti · 9 yrs held
Narinder S Mutti
since 2017
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 Martin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Martin 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
Property tax & assessments
Assessed value
$206,920
Assessed 2023
Previous assessed
$142,960
+44.7% YoY
Assessed land
$100,800
Assessed improvement
$106,120
Land market value
$252,000
Improvement market value
$265,300
Total market value
$517,300
Applied tax rate
92.0000
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
Off-Market
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
1
Total area
2,464 SF
Lot
0.84 ac (36,590 SF)
APN
092073 04305
UPID
US80-3483513
Jurisdiction
WEAKLEY
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
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0.84 ac
Current owner
From public records · entity-resolved
Narinder S Mutti
Individual
Mailing address
838 UNIVERSITY ST, MARTIN, TN 38237-1637
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 9, 2026
—
Narinder S Mutti
—
Deed
related
$1,100,000 · First Community Bank Of The Heartland In
May 30, 2023
—
Narinder S Mutti
—
Deed
related
$263,300 · The Bank Of Fayette County
Jul 24, 2017
—
Narinder S Mutti
—
Deed
related
$200,000 · Willoughby INC
Apr 17, 2017
$480,000
Narinder S Mutti
Lloyd Essary
Warranty Deed
$524,589 · The Bank Of Fayette County
Nov 1, 2016
—
Lloyd Essary
—
Deed
related
$424,000 · Sayle Oil Co INC
Aug 6, 2012
$450,000
Lloyd Essary
Dadakhachar INC
Warranty Deed
$607,697 · Bancorp Bank
Jun 5, 2003
$572,000
Dadakhachar
Martin Petroleum
Grant Deed
—
Jun 29, 1999
$400,000
Martin Petroleum INC
3 Way Properties
Grant Deed
—
Jun 24, 1995
$6,000
Jerry G Mitchell
—
Grant Deed
related
—
Mar 28, 1989
$125,000
University Food Mart
Unknown
Grant Deed
—
—
—
Lloyd Essary
—
Deed Of Trust
related
$424,000 · Sayle Oil Co INC
—
—
Narinder S Mutti
—
Deed Of Trust
related
$200,000 · Willoughby INC
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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