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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Office buildings
9665 Vlg Cir Lakeland, TN 38002-8764
Entity Owned
3-yr Hold
Property ID
US80-1497696
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2004
Construction
FRAME
Total area
2,677 SF
Lot
1 ac (43,734 SF)
Zoning code
C-2
APN
L01-59 - - -00541
UPID
US80-1497696
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
Current use
Occupant on record · Public records
-
William Ashworth - State Farm Insurance Agent Insurance Agency
-
Wendy Thompson Team Lakeland Mortgage Brokers & Lending Company Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$520k
CAP Approach
CAP
$430k
Comparable Approach
Comparable
$376k
Blend (final)
Blend
$535k
Owner & transaction history
Cm Enterprises Of Lakeland Gp · 3 yrs held
Cm Enterprises Of Lakeland Gp
since 2023
Last sale
$550,000
5 recorded transactions
Zoning & alternative use
C-2 · Lakeland, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$395,000
+23.8%
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 Lakeland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lakeland 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
$530,000
ML approach
$520,000
CAP Approach
CAP Return
Estimation
6%
$470,000
6.5%
$430,000
7%
$400,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$395,000
Change: +24% · Conversion: Easy
Blend value · Realmo final
$535k
Range $482k – $589k · ±10% · vs last sale $550k (Jan 4 2023)
Last sale anchor
$550k
Jan 4 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
$200 / 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
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$6,608
Tax year 2022
Assessed value
$149,160
Assessed 2023
Previous assessed
$149,160
+0.0% YoY
Effective rate
4.43%
On assessed value
Assessed land
$78,720
Assessed improvement
$70,440
Land market value
$196,800
Improvement market value
$176,100
Total market value
$372,900
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2004
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
2,677 SF
Lot
1 ac (43,734 SF)
Zoning code
C-2
APN
L01-59 - - -00541
UPID
US80-1497696
Jurisdiction
SHELBY
Zoning & alternative use
C-2 · Lakeland, TN
Zoning C-2 · permitted uses
C-2 · Lakeland, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lakeland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$395,000
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1 ac
Current owner
From public records · entity-resolved
Cm Enterprises Of Lakeland Gp
Entity
Mailing address
10062 FRENCH SPGS RD, LAKELAND, TN 38002-8424
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2023
$550,000
Cm Enterprises Of Lakeland Gp
Dddr LLC
Warranty Deed
$467,500 · Cogent Bank
Apr 9, 2020
—
Dddr LLC
—
Deed
related
$294,400 · Triumph Bk
Feb 18, 2020
—
Dddr LLC
Samer H Dweik
Quit Claim Deed
related
—
Jan 3, 2020
$368,000
Samar H Dweik
Southland Log Hms Of Tennessee Ll
Warranty Deed
—
—
—
Dddr LLC
—
Deed Of Trust
related
$294,400 · Triumph Bk
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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