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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Office Spaces
1014 Chancery St Mcminnville, TN 37110-3705
Trust Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-0376344
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1987
Total area
29,080 SF
Lot
5.6 ac (243,936 SF)
APN
089077 00904
UPID
US80-0376344
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
-
USA Gym Gym & Fitness Center
-
Dr. Leland Northcutt /USA CHIROPRACTIC Alternative Medicine Practice
-
NHC Rehab Medical Clinic
-
Solomon Consulting Services, LLC Consultant
-
Leland Northcutt Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$675k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$675k
Owner & transaction history
The Brick House Trust · 2 yrs held
The Brick House Trust
since 2024
Last sale
$675,000
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 Mcminnville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mcminnville 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
$675,000
ML approach
$675,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$675k
Range $608k – $743k · ±10% · vs last sale $675k (May 7 2024)
Last sale anchor
$675k
May 7 2024
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
$23 / 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
$549,640
Assessed 2023
Previous assessed
$545,560
+0.7% YoY
Assessed land
$44,800
Assessed improvement
$504,840
Land market value
$112,000
Improvement market value
$1,262,100
Total market value
$1,374,100
Applied tax rate
89.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1987
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
8
Total area
29,080 SF
Lot
5.6 ac (243,936 SF)
APN
089077 00904
UPID
US80-0376344
Jurisdiction
WARREN
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
1987
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
8
Lot
5.6 ac
Current owner
From public records · entity-resolved
The Brick House Trust
Trust
Mailing address
624 N WOODLAND ST, MANCHESTER, TN 37355-1699
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2025
—
Brent Alan Mccay
—
Deed
related
$1,496,000 · Security Federal Svgs Bank
May 7, 2024
—
The Brick House Trust
Brent Mccay
Quit Claim Deed
related
—
Apr 22, 2024
$675,000
Brent Mccay
Leland Northcutt
Warranty Deed
$374,000 · Leland Northcutt
Nov 18, 2021
$188,000
Jon W Troutt
Leland J Northcutt
Warranty Deed
—
Nov 22, 2013
$150,000
Bhumik Patel
Northcutt,leland J
Warranty Deed
—
Jul 20, 2010
$77,585
Northcutt,leland J
Northcutt,leland A
Warranty Deed
related
—
Oct 16, 2001
$100,000
Leland A Northcutt
—
Deed Of Trust
related
—
—
—
Northcutt,leland J
—
Deed Of Trust
related
$500,000 · Citizens Tri-cnty 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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