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Property profile & analytics
OFF-MARKET
Office Spaces
105 Dixie Ave Cookeville, TN 38501-3401
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-3129414
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1967
Total area
3,362 SF
Lot
0.12 ac (5,049 SF)
APN
071053K A 02000
UPID
US80-3129414
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
-
Blake Mullins, Attorney at Law Law Firm
-
Cynthia S. Lyons, Attorney at Law Law Firm
-
Byars Law Law Firm
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
Gordon Byars · 3 yrs held
Gordon Byars
since 2023
Last sale
$419,000
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 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
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
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$2,537
Tax year 2022
Assessed value
$92,240
Assessed 2023
Previous assessed
$77,080
+19.7% YoY
Effective rate
2.75%
On assessed value
Assessed land
$31,600
Assessed improvement
$60,640
Land market value
$79,000
Improvement market value
$151,600
Total market value
$230,600
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1967
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
2
Total area
3,362 SF
Lot
0.12 ac (5,049 SF)
APN
071053K A 02000
UPID
US80-3129414
Jurisdiction
PUTNAM
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
1967
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
0.12 ac
Current owner
From public records · entity-resolved
Gordon Byars
Individual
Mailing address
105 S DIXIE AVE, COOKEVILLE, TN 38501-3401
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2023
$419,000
Gordon Byars
Wesley Thomas Bray
Warranty Deed
$356,150 · One Bank Of Tennessee
Aug 26, 2008
—
Wesley T Bray
Snow,marvin E
Quit Claim Deed
related
$185,000 · Bank Of Putnam County
Aug 26, 2008
$235,000
Wesley T Bray
Gallagher Rose M Trust
Warranty Deed
—
Aug 26, 2005
$211,000
Gallagher Rose M Trust
Rhc Ventures
Warranty Deed
$168,800 · Community Bank Cumberlands
Jul 17, 2001
$175,000
Venturers Rhc
Mitchell,r Laken
Grant Deed
—
Jan 10, 1992
$115,000
Lillie Ann Sells
Unknown
Grant Deed
—
—
—
Wesley T Bray
—
Deed Of Trust
related
$209,179 · American Bank & Tr Cumberland
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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