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Property profile & analytics
OFF-MARKET
Commercial real estate
880 Industrial Rd Halls, TN 38040-1214
Individually Owned
5-yr Hold
Free & Clear
Property ID
US80-1106880
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1994
Construction
FRAME
Total area
5,048 SF
Lot
0.91 ac (39,640 SF)
Zoning code
M1
APN
049018 04808
UPID
US80-1106880
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
-
B & T Body Shop & Used Cars Auto Repair Shop
-
Hurt Land and Realty Real Estate Agency
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
Sandra Hofstee · 5 yrs held
Sandra Hofstee
since 2020
Last sale
$210,000
7 recorded transactions
Zoning & alternative use
M1 · Halls, 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 Halls submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Halls 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 2018Property tax & assessments
Tax year 2018
Tax billed
$3,055
Tax year 2018
Assessed value
$39,840
Assessed 2023
Previous assessed
$39,840
+0.0% YoY
Effective rate
7.67%
On assessed value
Assessed land
$6,000
Assessed improvement
$33,840
Land market value
$15,000
Improvement market value
$84,600
Total market value
$99,600
Applied tax rate
49.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1994
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
1
Total area
5,048 SF
Lot
0.91 ac (39,640 SF)
Zoning code
M1
APN
049018 04808
UPID
US80-1106880
Jurisdiction
LAUDERDALE
Zoning & alternative use
M1 · Halls, TNZoning M1 · permitted uses
M1 · Halls, TN
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
1994
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0.91 ac
Current owner
From public records · entity-resolved
Sandra Hofstee
Individual
Free & Clear · 5 yrs held
Mailing address
1015 PARCHMAN RD, RIPLEY, TN 38063-7629
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2020
—
Sandra Hofstee
Fred Hofstee
Quit Claim Deed
related
—
Dec 15, 2020
$210,000
Fred Hofstee
Ricky L Burns
Grant Deed
—
Mar 17, 2017
$7,500
Board Of Mayor & Aldermen & Town & Ha
Burns Ricky L Trust
Warranty Deed
—
Jan 30, 1998
—
Rickey L Burns
—
Deed Of Trust
related
—
Mar 8, 1996
$336,725
Thomas L Burns
Burns,charlene E
Grant Deed
related
—
Sep 24, 1993
$4,500
G Thurmond
Unknown,
Grant Deed
—
Sep 23, 1993
$4,500
G Thurmond
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.
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