Technical
Financial
Distress signals
Property profile

896 University St Martin, TN 38237

FOR SALE
Commercial land
Property ID
US80-0321773
Entity Owned 3-yr Hold
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Property summary

AI-generated overview

55 +/- acres of land located along martin's main east-west commercial artery and centrally located within the city's most recent development property lays mostly flat to gently rolling property is zoned p-b (planned business district) and r-1 (low density residential district) less than a mile from university of tennessee - martin (enrollment around 6,700 students) development opportunity to become main retail center servicing the university's students, faculty and staff (possibility for anchor/shopping center and frontage out parcels) Located on university st. Within walking distance to the university of tennessee at martin.

Property profile

Verified
Property type Commercial land
UPID US80-0321773

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Storage Facility

Location

896 University St Martin, TN 38237
Martin metro
Google Maps

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

since 2022
7 recorded transactions
2022
$1.3M
2022
$250,000
2021
Price N/A
2021
Price N/A
2020
$250,000
2019
Price N/A
2019
$200,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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