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Property profile & analytics
OFF-MARKET
Estimated value
$2,615,000
Super regional malls
Memorial Blvd Kingsport, TN 37664
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-2421213
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
90,706 SF
Lot
10.54 ac (459,122 SF)
APN
082061E H 01000
UPID
US80-2421213
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
$2.75M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.62M
Owner & transaction history
Ajm LLC · 3 yrs held
Ajm LLC
since 2023
Last sale
$2.6M
7 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 Kingsport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kingsport 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
Method
Estimation
Statistic approach
$2,600,000
ML approach
$2,750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.62M
Range $2.35M – $2.88M · ±10% · vs last sale $2.63M (Jul 6 2023)
Last sale anchor
$2.63M
Jul 6 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$29 / SF
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
$2,527,760
Assessed 2023
Assessed land
$763,360
Assessed improvement
$1,764,400
Land market value
$1,908,400
Improvement market value
$4,411,000
Total market value
$6,319,400
Applied tax rate
82.0000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
90,706 SF
Lot
10.54 ac (459,122 SF)
APN
082061E H 01000
UPID
US80-2421213
Jurisdiction
SULLIVAN
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
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
10.54 ac
Current owner
From public records · entity-resolved
Ajm LLC
Entity
Mailing address
4216 DEWITT AVE, MATTOON, IL 61938-6643
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 6, 2023
$2,625,000
Ajm LLC
Kingsport Mall LLC
Limited Warranty Deed
$2,120,000 · Umb Bank NA
Jul 5, 2023
—
Hull 2000 Lllp
Kingsport Mall LLC
Quit Claim Deed
related
—
Jun 15, 2023
—
Kingsport Mall LLC
Hull 2000 Lllp
Quit Claim Deed
related
—
Jun 15, 2023
$300,000
Hull 2000 Lllp
Wesley Farmer Conley
Limited Warranty Deed
—
May 18, 2023
$100,000
Hull 2000 Lllp
Murry C Groseclose III
Deed
—
May 18, 2023
—
Kingsport Mall LLC
Hull 2000 Lllp
Quitclaim Deed
related
—
Apr 20, 2023
—
Hull 2000 Lllp
Catherine Lee Groseclose
Deed
related
—
Mar 1, 2023
$330,000
Hull 2000 Lllp
Sarah Land White Bagby
Deed
—
Mar 1, 2023
—
Kingsport Mall LLC
Hull 2000 Lllp
Quitclaim Deed
related
—
Dec 27, 2022
$62,049
Hull 2000 Lllp
Catherine Lee Groseclose
Limited Warranty Deed
—
Sep 13, 2004
—
G P Roller
Roller,g P
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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