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Property profile & analytics
OFF-MARKET
Commercial real estate
Hwy 22nd S Michie, TN 38357
Individually Owned
14-yr Hold
~
Est. High Equity
Property ID
US80-2071531
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1984
Construction
FRAME
Total area
7,808 SF
Lot
2.98 ac (129,809 SF)
APN
055136 06201
UPID
US80-2071531
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
David Smith · 14 yrs held
David Smith
since 2012
5 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 Michie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Michie 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 2022Property tax & assessments
Tax year 2022
Tax billed
$673
Tax year 2022
Assessed value
$42,680
Assessed 2023
Previous assessed
$42,680
+0.0% YoY
Effective rate
1.58%
On assessed value
Assessed land
$5,720
Assessed improvement
$36,960
Land market value
$14,300
Improvement market value
$92,400
Total market value
$106,700
Applied tax rate
55.0000
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
1984
Construction
FRAME
Heating
FLOOR/WALL FURNACE
Cooling
YES
Stories
1
Units
1
Rooms
1
Bathrooms
2
Total area
7,808 SF
Lot
2.98 ac (129,809 SF)
APN
055136 06201
UPID
US80-2071531
Jurisdiction
MCNAIRY
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
Year built
1984
Construction
FRAME
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
1
Units
1
Rooms
1
Bathrooms
2
Lot
2.98 ac
Current owner
From public records · entity-resolved
David Smith
Individual
Mailing address
225 MT OLIVE RD, MICHIE, TN 38357-7040
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2012
$52,000
David Smith
Hardin Cnty Bk
Grant Deed
$52,558 · Hardin County Bank
Jun 11, 2010
$61,000
Hardin Cnty Bk
Wood,jeffrey A & Caryn
Deed In Lieu Of Foreclosure
related
—
Feb 19, 2009
$60,000
Jeffrey A Wood
Hardin County Bank
Grant Deed
$61,040 · Hardin County Bank
Jun 28, 2007
$73,036
Hardin County Bank
Cotner,thomas R & Gayle F
Trustees Deed
related
—
Jun 20, 2002
$100,000
Gayle F Cotner
Gray,james P
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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