Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Strip malls
8485 Us Hwy 64 Bartlett, TN 38133-4102
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US80-1373825
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2000
Total area
7,454 SF
Lot
0.68 ac (29,577 SF)
Zoning code
CMU-3
APN
092-007- - -00058
UPID
US80-1373825
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$570k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$571k
Blend (final)
Blend
$680k
Owner & transaction history
Nancy G Wickman · 5 yrs held
Nancy G Wickman
since 2021
Last sale
$800,000
7 recorded transactions
Zoning & alternative use
CMU-3 · Bartlett, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.1M
+94.9%
Office building
$890,000
+62.5%
Auto repair, garage
$725,000
+32.1%
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 Bartlett submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bartlett 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
$655,000
ML approach
$570,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$545,000
Current use
MEDICAL BUILDING
$1,065,000
Change: +95% · Conversion: Difficult
OFFICE BUILDING
$890,000
Change: +62% · Conversion: Moderate
AUTO REPAIR, GARAGE
$725,000
Change: +32% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$665,000
Change: +21% · Conversion: Difficult
RETAIL STORES
$620,000
Change: +13% · Conversion: Easy
COMMERCIAL (GENERAL)
$450,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$680k
Range $612k – $748k · ±10% · vs last sale $800k (May 19 2021)
Last sale anchor
$800k
May 19 2021
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
$91 / 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
$20,261
Tax year 2022
Assessed value
$332,600
Assessed 2023
Previous assessed
$332,600
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$112,400
Assessed improvement
$220,200
Land market value
$281,000
Improvement market value
$550,500
Total market value
$831,500
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2000
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
7,454 SF
Lot
0.68 ac (29,577 SF)
Zoning code
CMU-3
APN
092-007- - -00058
UPID
US80-1373825
Jurisdiction
SHELBY
Zoning & alternative use
CMU-3 · Bartlett, TN
Zoning CMU-3 · permitted uses
CMU-3 · Bartlett, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bartlett. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$545,000
MEDICAL BUILDING
Est. value
$1.1M
OFFICE BUILDING
Est. value
$890,000
AUTO REPAIR, GARAGE
Est. value
$725,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$665,000
RETAIL STORES
Est. value
$620,000
COMMERCIAL (GENERAL)
Est. value
$450,000
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
2000
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.68 ac
Current owner
From public records · entity-resolved
Nancy G Wickman
Individual
Mailing address
5938 WINDSOR OAK CIR, ARLINGTON, TN 38002-5389
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2022
—
Nancy G Wickman
—
Deed
related
$200,000 · Regions Bank
May 19, 2021
—
Nancy G Wickman
John R Wickman
Intrafamily Transfer
related
—
Sep 15, 2017
—
John R Wickman
—
Deed
related
$250,000 · Regions Bk
May 3, 2007
$800,000
John R Wickman
Rutledge,joel W
Warranty Deed
$500,500 · First Tennessee Bank National
—
—
John R Wickman
—
Deed Of Trust
related
$200,000 · Regions Bank
—
—
John R Wickman
—
Deed Of Trust
related
$161,629 · Regions Bank
—
—
John R Wickman
—
Deed Of Trust
related
$50,000 · Regions Bank
—
—
Wayne Rutledge
—
Deed Of Trust
related
$141,404 · Independent Bank
—
—
John R Wickman
—
Deed Of Trust
related
$250,000 · Regions Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 8485 Us Hwy 64?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
