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    Property profile & analytics

    902 Broad St Lexington, TN 38351-2228

    • Grocery and convenience stores
    • 4,524 SF
    • 0.30 lot acres
    OFF-MARKET
    Value Estimation
    $1,750,000
    Last Sale
    Dec 01, 2023
    $2,000,000
    Location Intelligence
    Property ID
    US80-1450866
    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

    • Major Market / Convenience Store / Gas Station
    • Southern Spirits / Liquor Store
    • Exxon / Gas Station
    • Roofing Contractors Tennessee / Roofing Contractor

    Property Details for 902 Broad St

    Year built
    2010
    Lot size
    0.30 lot acres
    Property size
    4,524 SF
    Zone code
    B2
    Property type
    Grocery and convenience stores
    APN
    039092 03601
    APU
    3909203601

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,705,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,855,000
      6.5%
      $1,805,000
      7%
      $1,860,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,655,000
      Geo Method
      $1,685,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,925,000
      Retail
      $1,780,000
      Mixed-Use
      $1,580,000
      Hospitality
      $2,020,000
      Educational
      $1,815,000
      Residential Income
      $2,010,000
      Energy
      $1,775,000
      Income-Based Land
      $1,860,000
      Food Service
      $1,800,000

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Henderson
    State
    Tennessee
    Longitude
    -88.4068
    Latitude
    35.6235

    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
    $6,169
    $28,520
    $189,200
    $217,720
    -
    $71,300
    $473,000
    $544,300

    Comparable in this City

    • Value Estimation
      $590,000
      4,950 SF

      710 Church St

      GROCERY, SUPERMARKET • 4,950 SF
      710 Church St, Lexington, TN 38351-1731
      View Details
    • Value Estimation
      $385,000
      2,426 SF

      86 Church St

      GROCERY, SUPERMARKET • 2,426 SF
      86 Church St, Lexington, TN 38351-1818
      View Details
    • Value Estimation
      $435,000
      1,950 SF

      20 Broad St

      GROCERY, SUPERMARKET • 1,950 SF
      20 Broad St, Lexington, TN 38351-1520
      View Details
    • Value Estimation by Request
      1,680 SF

      20400 Hwy 412th E

      GROCERY, SUPERMARKET • 1,680 SF
      20400 Hwy 412th E, Lexington, TN 38351-8608
      View Details
    • Value Estimation
      $255,000
      2,964 SF

      46 Broad St

      GROCERY, SUPERMARKET • 2,964 SF
      46 Broad St, Lexington, TN 38351-2052
      View Details
    • Value Estimation
      $455,000
      3,197 SF

      15360 Hwy 22nd N

      GROCERY, SUPERMARKET • 3,197 SF
      15360 Hwy 22nd N, Lexington, TN 38351-4807
      View Details

    Similar Nearby for Sale

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      1,248 SF building with prime retail potential for sale.
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      14-unit condo complex with retail and office space for sale.
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      Lexington Restaurant & Bar for Sale

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    Similar Nearby for Lease

    • Contact for pricing
      1,940 SF

      Retail Space in High-Traffic Area

      Retail space in Lexington with high visibility and foot traffic.
      541 W Church St, Lexington, TN 38351
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    • $8 SF/Yr
      141,960 SF

      Beech Lake Commons Retail Space

      High-traffic retail center; spaces available.
      676 Church St, Lexington, TN 38351
      View Details
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    902 Broad St
    Lexington, TN 38351-2228
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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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