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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Retail space
107 Broad St Cookeville, TN 38501-2441
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-0028389
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1930
Total area
3,807 SF
Lot
0.07 ac (3,108 SF)
Zoning code
HS
APN
071053G A 04500
UPID
US80-0028389
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
-
Broadway Boutique Mall (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$845k
CAP Approach
CAP
$915k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$900k
Owner & transaction history
Spradling Holdings LLC · 2 yrs held
Spradling Holdings LLC
since 2023
Last sale
$965,000
7 recorded transactions
Zoning & alternative use
HS · Cookeville, TN
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
Method
Estimation
Statistic approach
$810,000
ML approach
$845,000
CAP Approach
CAP Return
Estimation
6%
$995,000
6.5%
$915,000
7%
$850,000
Blend value · Realmo final
$900k
Range $810k – $990k · ±10% · vs last sale $965k (Oct 18 2023)
Last sale anchor
$965k
Oct 18 2023
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
$236 / 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
$2,125
Tax year 2022
Assessed value
$64,560
Assessed 2023
Previous assessed
$64,560
+0.0% YoY
Effective rate
3.29%
On assessed value
Assessed land
$15,200
Assessed improvement
$49,360
Land market value
$38,000
Improvement market value
$123,400
Total market value
$161,400
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1930
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
2
Total area
3,807 SF
Lot
0.07 ac (3,108 SF)
Zoning code
HS
APN
071053G A 04500
UPID
US80-0028389
Jurisdiction
PUTNAM
Zoning & alternative use
HS · Cookeville, TNZoning HS · permitted uses
HS · Cookeville, TN
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
1930
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
0.07 ac
Current owner
From public records · entity-resolved
Spradling Holdings LLC
Entity
Mailing address
190 BLAYLOCK MTN RD, COOKEVILLE, TN 38506-8722
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2023
$965,000
Spradling Holdings LLC
Keisha Harper
Warranty Deed
$772,000 · One Bank Of Tennessee
May 10, 2022
$515,000
Keisha Harper
Susan Schultz
Warranty Deed
—
May 10, 2022
$154,783
Walter K Crawford JR
Keisha Harper
Deed
—
Nov 3, 2005
—
Susan Schultz
—
Trustees Deed
related
$65,000 · First Tennessee Bank National
Jun 28, 2004
$215,000
Susan Schultz
Champion,gregory A & Vena B
Warranty Deed
$25,000 · Gregory A & Vena A Champion
Jul 13, 1994
$57,500
David Shamblin
Unknown
Grant Deed
—
Sep 13, 1988
$19,750
Glynn Smith
Unknown,
Grant Deed
—
—
—
Susan Schultz
—
Deed Of Trust
related
$65,000 · First Tennessee Bank National
—
—
Susan Schultz
—
Deed Of Trust
related
$182,836 · Caywood & Kari Vanstratum
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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