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Property profile & analytics
OFF-MARKET
Medical Office Space
1007 Reelfoot Ave Union City, TN 38261-5807
Entity Owned
15-yr Hold
Free & Clear
Property ID
US80-1637869
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1989
Total area
3,490 SF
Lot
0.73 ac (31,944 SF)
APN
066059E B 02400
UPID
US80-1637869
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
-
Sullivan Dentistry Dental Office
-
Dr. Jerry L. Sullivan, DDS Dental Office
-
Ashton Ray Hunley Dental Office
-
Dr. Ashton Hunley Dental Office
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Sullivan Gabe P DDS Dental Office
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
Gps Rentals LLC · 15 yrs held
Gps Rentals LLC
since 2011
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 Union City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Union City 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
$175,040
Assessed 2023
Previous assessed
$156,040
+12.2% YoY
Assessed land
$27,520
Assessed improvement
$147,520
Land market value
$68,800
Improvement market value
$368,800
Total market value
$437,600
Applied tax rate
66.0000
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
1989
Heating
YES
Cooling
YES
Stories
1
Units
1
Rooms
8
Bathrooms
4
Total area
3,490 SF
Lot
0.73 ac (31,944 SF)
APN
066059E B 02400
UPID
US80-1637869
Jurisdiction
OBION
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
1989
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
8
Bathrooms
4
Lot
0.73 ac
Current owner
From public records · entity-resolved
Gps Rentals LLC
Entity
Free & Clear · 15 yrs held
Mailing address
1007 E REELFOOT AVE, UNION CITY, TN 38261-5807
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
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 17, 2013
—
Gps Rentals LLC
—
Trustees Deed
related
$290,115 · Reelfoot Bank
Feb 28, 2011
—
Gps Rentals LLC
Sullivan,gabriel P
Quit Claim Deed
related
—
Jul 23, 2010
$258,200
Sullivan,gabriel P
Sullivan,jerry L
Warranty Deed
related
$258,100 · Jerry L Sullivan
Jul 12, 2004
—
Sullivan,jerry L
Sullivan,jerry L
Quit Claim Deed
related
—
Dec 15, 1988
$75,223
Jerry L Sullivan
Unknown
Grant Deed
—
—
—
Gps Rentals LLC
—
Loan Modification
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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