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Property profile & analytics
OFF-MARKET
Retail space
849 Mulberry Ave Selmer, TN 38375-2335
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-2646510
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2022
Total area
2,101 SF
Lot
0.21 ac (8,938 SF)
Zoning code
B1
APN
055099H A 00700
UPID
US80-2646510
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
-
Ams & Associates General Contractor
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
Cletus Matt Griswell · 4 yrs held
Cletus Matt Griswell
since 2021
Last sale
$55,000
7 recorded transactions
Zoning & alternative use
B1 · Selmer, TN
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
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
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$1,608
Tax year 2022
Assessed value
$98,080
Assessed 2023
Previous assessed
$73,040
+34.3% YoY
Effective rate
1.64%
On assessed value
Assessed land
$23,120
Assessed improvement
$74,960
Land market value
$57,800
Improvement market value
$187,400
Total market value
$245,200
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2022
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Rooms
1
Bathrooms
1
Total area
2,101 SF
Lot
0.21 ac (8,938 SF)
Zoning code
B1
APN
055099H A 00700
UPID
US80-2646510
Jurisdiction
MCNAIRY
Zoning & alternative use
B1 · Selmer, TNZoning B1 · permitted uses
B1 · Selmer, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
MunicipalCodes
Building & site characteristics
From public records
Year built
2022
Heating
YES
Cooling
Yes
Stories
1
Rooms
1
Bathrooms
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
Cletus Matt Griswell
Individual
Mailing address
252 MATLOCK RD, RAMER, TN 38367-5418
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
Dec 10, 2021
$55,000
Cletus Matt Griswell
Billy W Brown
Warranty Deed
$355,000 · The Bank Of Fayette County
Jan 15, 2019
$39,000
Billy W Brown
Bancorpsouth Bk
Grant Deed
—
Nov 15, 2018
$31,500
Bancorpsouth Bk
Spore Jerry P|crotts,arthur H
Trustees Deed
related
—
Oct 31, 2002
$65,000
Chris Crotts
Crotts,arthur H
Grant Deed
related
—
Jun 12, 1998
$30,000
Arthur Crotts
Crotts,arthur Et
Grant Deed
related
—
Aug 19, 1991
$50,000
Clarence Johnson
Unknown
Grant Deed
—
Nov 7, 1990
$15,000
Billy Griswell
Unknown,
Grant Deed
—
Jan 18, 1990
$11,300
Paul Borden
Unknown,
Grant Deed
—
Feb 26, 1988
$20,000
Gerry D Forsythe
Unknown,
Grant Deed
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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