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    Property profile & analytics

    861 Mulberry Ave Selmer, TN 38375-2335

    • Retail space
    • 2,472 SF
    • 1.10 lot acres
    OFF-MARKET
    Value Estimation
    $200,000
    Last Sale
    Nov 28, 2022
    $220,000
    Location Intelligence
    Property ID
    US80-2520263
    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

    • Smoke Shop selmer / Cigar Shop / Tobacco Shop
    • 45 Liquor and Wine / Liquor Store / Beer Store

    Property Details for 861 Mulberry Ave

    Year built
    1960
    Lot size
    1.10 lot acres
    Property size
    2,472 SF
    Zone code
    B1
    Property type
    Retail space
    APN
    055099H A 01400
    APU
    055099HA01400

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $195,000

    • CAP approach

      CAP return
      Estimation
      6%
      $205,000
      6.5%
      $210,000
      7%
      $200,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $190,000
      Geo Method
      $220,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $210,000
      Retail
      $195,000
      Mixed-Use
      $175,000
      Hospitality
      $170,000
      Educational
      $180,000
      Residential Income
      $195,000
      Energy
      $190,000
      Income-Based Land
      $200,000
      Food Service
      $200,000

    Location Insight

    • Map
    • Local Demand
    City
    Selmer
    County
    Mcnairy
    State
    Tennessee
    Longitude
    -88.5734
    Latitude
    35.1425

    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
    2022
    $1,912
    $57,760
    $29,080
    $86,840
    -
    $144,400
    $72,700
    $217,100

    Comparable in this City

    • Value Estimation by Request
      2,340 SF

      155 Ct Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,340 SF
      155 Ct Ave, Selmer, TN 38375-2130
      View Details
    • Value Estimation by Request
      4,042 SF

      221 Ct Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,042 SF
      221 Ct Ave, Selmer, TN 38375-2303
      View Details
    • Value Estimation by Request
      2,525 SF

      Ct W Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,525 SF
      Ct W Ave, Selmer, TN 38375
      View Details
    • Value Estimation by Request
      1,920 SF

      184 Houston Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,920 SF
      184 Houston Ave, Selmer, TN 38375-2129
      View Details
    • Value Estimation by Request
      2,600 SF

      159 Ct Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,600 SF
      159 Ct Ave, Selmer, TN 38375-2130
      View Details
    • Value Estimation by Request
      2,292 SF

      Warren Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,292 SF
      Warren Ave, Selmer, TN 38375
      View Details

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      Prime Commercial Land in Selmer

      5-acre commercial land parcel in the heart of Selmer, TN.
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      Commercial Building in Selmer, TN

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    • Contact for pricing
      1.00 Acre

      Land for Sale in Selmer

      Acreage in Selmer, TN, convenient to schools and shopping.
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    861 Mulberry Ave
    Selmer, TN 38375-2335
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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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