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Property profile & analytics
OFF-MARKET
Commercial land
Elk Ave Elizabethton, TN 37643
Entity Owned
3-yr Hold
Free & Clear
Property ID
US80-2772960
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
8.77 ac (382,021 SF)
APN
010040E A 00902
UPID
US80-2772960
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
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
Mgp Properties LLC · 3 yrs held
Mgp Properties LLC
since 2023
Last sale
$36,248
6 recorded transactions
Zoning & alternative use
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 Elizabethton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elizabethton 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
Property tax & assessments
Assessed value
$92,400
Assessed 2023
Previous assessed
$92,400
+0.0% YoY
Assessed land
$92,400
Land market value
$231,000
Total market value
$231,000
Applied tax rate
10.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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 land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
8.77 ac (382,021 SF)
APN
010040E A 00902
UPID
US80-2772960
Jurisdiction
CARTER
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
8.77 ac
Current owner
From public records · entity-resolved
Mgp Properties LLC
Entity
Free & Clear · 3 yrs held
Mailing address
436 UPPR STA CP CRK RD, GALLATIN, TN 37066-8550
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2023
$36,248
Mgp Properties LLC
Andrew J Laporte
Deed
—
Mar 18, 2021
$24,687
Mei Elizabethtown 15 LLC
M&r Acqusitions LLC
Trustees Deed
related
—
Jun 7, 2016
—
Riverview Investments
—
Grant Deed
related
$3,420,000 · Peoples Cmnty Bk
Mar 4, 2016
$100,050
Riverview Investments
M & R Acquisitions LLC
Warranty Deed
—
Jan 31, 2013
$350,000
M & R Acquisitions LLC
Davis,joseph B
Grant Deed
$225,000 · Joseph B Davis
Apr 21, 2009
—
North American Fibers INC
Davis,joseph B
Quit Claim Deed
related
—
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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