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Property profile & analytics
OFF-MARKET
Estimated value
$2,670,000
Medical Office Space
105 Willow Ave Cookeville, TN 38501-4667
Entity Owned
1-yr Hold
Free & Clear
Property ID
US80-0433596
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1979
Construction
CONCRETE
Total area
18,412 SF
Lot
1.17 ac (50,965 SF)
Zoning code
C-3
APN
071053H C 02100
UPID
US80-0433596
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
-
Chase Jordan Physician
-
David Burstedt, MD, PT Physician
-
Kenneth A. Grinspun, MD Physician
-
Christopher A. Juels, DPM Physician
-
Kathryn Keck Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.26M
CAP Approach
CAP
$3.29M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.67M
Owner & transaction history
Tier One Properties · 1 yrs held
Tier One Properties
since 2024
Last sale
$2.3M
5 recorded transactions
Zoning & alternative use
C-3 · Cookeville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.0M
+15.8%
Commercial (general)
$1.9M
+13.0%
Restaurant
$1.8M
+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
$3,340,000
ML approach
$3,260,000
CAP Approach
CAP Return
Estimation
6%
$3,560,000
6.5%
$3,285,000
7%
$3,050,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,710,000
Current use
RETAIL STORES
$1,980,000
Change: +16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,935,000
Change: +13% · Conversion: Easy
RESTAURANT
$1,805,000
Change: +6% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,640,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$2.67M
Range $2.40M – $2.94M · ±10% · vs last sale $2.31M (Jun 16 2020)
Last sale anchor
$2.31M
Jun 16 2020
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
$145 / 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
$31,222
Tax year 2022
Assessed value
$948,440
Assessed 2023
Previous assessed
$948,440
+0.0% YoY
Effective rate
3.29%
On assessed value
Assessed land
$183,200
Assessed improvement
$765,240
Land market value
$458,000
Improvement market value
$1,913,100
Total market value
$2,371,100
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
Stories
1
Units
1
Bathrooms
13
Total area
18,412 SF
Lot
1.17 ac (50,965 SF)
Zoning code
C-3
APN
071053H C 02100
UPID
US80-0433596
Jurisdiction
PUTNAM
Zoning & alternative use
C-3 · Cookeville, TN
Zoning C-3 · permitted uses
C-3 · 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
MEDICAL BUILDING Current
Est. value
$1.7M
RETAIL STORES
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$1.9M
RESTAURANT
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.6M
MEDICAL BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
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
Units
1
Bathrooms
13
Lot
1.17 ac
Current owner
From public records · entity-resolved
Tier One Properties
Entity
Free & Clear · 1 yrs held
Mailing address
105 S WILLOW AVE, COOKEVILLE, TN 38501-4667
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 7, 2026
—
Tier One Properties
—
Deed
related
$6,500,000
Aug 16, 2024
—
Tier One Properties
B S And T Properties
Correction Deed
related
—
Jun 16, 2020
$2,310,000
Tier One Properties
B J Properties
Grant Deed
—
Oct 12, 2010
$825,000
Bj Properties
Regions Bk
Grant Deed
—
Aug 9, 1995
—
Pamela R Welch
—
Deed Of Trust
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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