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Property profile & analytics
OFF-MARKET
Estimated value
$1,905,000
Medical Office Space
100 4th St Cookeville, TN 38501-2448
Individually Owned
20-yr Hold
Free & Clear
Property ID
US80-0439637
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1979
Construction
CONCRETE
Total area
12,054 SF
Lot
0.77 ac (33,541 SF)
Zoning code
CM
APN
071053B K 00100
UPID
US80-0439637
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
-
Blazina Linda C Physician Medical Clinic
-
Allergy Asthma Sinus Center: Rohman Erin N MD Physician Medical Clinic
-
Allergy Asthma Sinus Center: Partridge Megan MD Physician
-
Allergy Asthma Sinus Center: Springer Michael A MD Physician Medical Clinic
-
Brandt Karen S MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.15M
Comparable Approach
Comparable
$1.66M
Blend (final)
Blend
$1.91M
Owner & transaction history
Thomas L Lawrence · 20 yrs held
Thomas L Lawrence
since 2005
5 recorded transactions
Zoning & alternative use
CM · Cookeville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.3M
+15.8%
Commercial (general)
$1.3M
+13.0%
Restaurant
$1.2M
+5.6%
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 Cookeville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cookeville 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,330,000
6.5%
$2,150,000
7%
$1,995,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,295,000
Change: +16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,265,000
Change: +13% · Conversion: Easy
RESTAURANT
$1,185,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$1.91M
Range $1.71M – $2.10M · ±10%
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
$158 / 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
$69,039
Tax year 2022
Assessed value
$2,097,160
Assessed 2023
Previous assessed
$2,097,160
+0.0% YoY
Effective rate
3.29%
On assessed value
Assessed land
$134,000
Assessed improvement
$1,963,160
Land market value
$335,000
Improvement market value
$4,907,900
Total market value
$5,242,900
Applied tax rate
71.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1979
Construction
CONCRETE
Heating
YES
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Units
1
Bathrooms
33
Total area
12,054 SF
Lot
0.77 ac (33,541 SF)
Zoning code
CM
APN
071053B K 00100
UPID
US80-0439637
Jurisdiction
PUTNAM
Zoning & alternative use
CM · Cookeville, TN
Zoning CM · permitted uses
CM · Cookeville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cookeville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.3M
RESTAURANT
Est. value
$1.2M
RETAIL STORES
COMMERCIAL (GENERAL)
RESTAURANT
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
1979
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Units
1
Bathrooms
33
Lot
0.77 ac
Current owner
From public records · entity-resolved
Thomas L Lawrence
Individual
Free & Clear · 20 yrs held
Mailing address
100 W 4TH ST STE #200, COOKEVILLE, TN 38501-2452
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
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
Sep 2, 2005
—
Thomas L Lawrence
Net Realty
Quit Claim Deed
related
—
Jan 12, 2005
—
Net Realty
Jordan,charles & Janet
Quit Claim Deed
related
—
Jul 22, 1996
—
Thomas Lawrence
—
Deed Of Trust
related
—
—
—
4th Street Realty Group
—
Deed Of Trust
related
$1,900,000 · First Tennessee Bank National
—
—
Net Realty
—
Deed Of Trust
related
$2,185,000 · First Tennessee Bank National
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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