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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Medical Office Space
1024 Kelley Dr Paris, TN 38242-4500
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US80-0077446
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1989
Total area
9,257 SF
Lot
2.64 ac (114,998 SF)
APN
040106 02801
UPID
US80-0077446
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
-
Martha J. Laird, Crna Physician
-
Dr. John T. Vandyck, MD Medical Clinic Hospital
-
David O. Carrico, OD Physician
-
Kathryn Camille Barberic, OD Physician
-
Gary W. Jerkins, MD Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$505k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$814k
Blend (final)
Blend
$660k
Owner & transaction history
Jcl Real Estate Holdings LLC · 18 yrs held
Jcl Real Estate Holdings LLC
since 2007
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$795,000
+28.8%
Restaurant
$650,000
+5.8%
Retail stores
$640,000
+4.0%
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 Paris submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Paris 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
$505,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$615,000
Current use
COMMERCIAL (GENERAL)
$795,000
Change: +29% · Conversion: Easy
RESTAURANT
$650,000
Change: +6% · Conversion: Difficult
RETAIL STORES
$640,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$660k
Range $594k – $726k · ±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
$71 / 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
$462,400
Assessed 2023
Previous assessed
$462,400
+0.0% YoY
Assessed land
$66,560
Assessed improvement
$395,840
Land market value
$166,400
Improvement market value
$989,600
Total market value
$1,156,000
Applied tax rate
40.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
AC.PACKAGE
Stories
1
Units
1
Bathrooms
5
Total area
9,257 SF
Lot
2.64 ac (114,998 SF)
APN
040106 02801
UPID
US80-0077446
Jurisdiction
HENRY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$615,000
COMMERCIAL (GENERAL)
Est. value
$795,000
RESTAURANT
Est. value
$650,000
RETAIL STORES
Est. value
$640,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
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
1989
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
5
Lot
2.64 ac
Current owner
From public records · entity-resolved
Jcl Real Estate Holdings LLC
Entity
Mailing address
520 RIVERGATE PKWY, GOODLETTSVILLE, TN 37072-2030
Ownership since
2007
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
Oct 22, 2007
$900,000
Jcl Real Estate Holdings LLC
Vrf Building Partners II LLC
Warranty Deed
related
$1,850,000 · Reliant Bank
Nov 14, 2005
—
City Of Paris
Vrf Building Partners II LLC
Warranty Deed
related
—
Feb 9, 2005
$1,260,000
Vrf Building Partners II LLC
Vitreoretinal Foundation PLLC
Grant Deed
$1,266,300 · Bancorpsouth
Mar 11, 1988
$60,000
John T Van Dyck III
Unknown
Grant Deed
—
—
—
Jcl Real Estate Holdings LLC
—
Deed Of Trust
related
$965,480 · Security Bank
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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