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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Office Spaces
111 Ct Sq Mcminnville, TN 37110-2589
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US80-0980812
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1930
Total area
10,047 SF
Lot
0.15 ac (6,350 SF)
APN
089068E J 00500
UPID
US80-0980812
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
-
Roller Stephen R Law Firm
-
Tollison III Billy K Law Firm
-
Warren County General Session Jdg County Government Office
-
Family Counseling Center Family Counselor
-
Myra Johnson Lcsw Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$340k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$550k
Blend (final)
Blend
$530k
Owner & transaction history
Garrison Secure Properties LLC · 8 yrs held
Garrison Secure Properties LLC
since 2018
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
by Request
ML approach
$340,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$830,000
Current use
RETAIL STORES
$800,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$53 / 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
$125,760
Assessed 2023
Previous assessed
$125,760
+0.0% YoY
Assessed land
$21,800
Assessed improvement
$103,960
Land market value
$54,500
Improvement market value
$259,900
Total market value
$314,400
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
1930
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
4
Total area
10,047 SF
Lot
0.15 ac (6,350 SF)
APN
089068E J 00500
UPID
US80-0980812
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$830,000
RETAIL STORES
Est. value
$800,000
COMMERCIAL (GENERAL) Current
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
1930
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
4
Lot
0.15 ac
Current owner
From public records · entity-resolved
Garrison Secure Properties LLC
Entity
Mailing address
371 UPPR FAULKNER SPGS RD, MCMINNVILLE, TN 37110-4910
Ownership since
2018
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
Mar 21, 2018
$200,000
Garrison Secure Properties LLC
Totherow,james III & Jennifer B
Warranty Deed
$152,687 · Security Fsb
Aug 6, 2015
—
James Totherow III
Totherow,james E JR
Quit Claim Deed
related
$156,219 · Homeland Cmnty Bk
Mar 20, 2013
$49,000
Lorance,ryan & Jaime
Totherow,james E JR
Warranty Deed
related
$56,096 · Security Fsb
Mar 11, 2013
—
Totherow,james E JR
Totherow James E JR
Quit Claim Deed
related
—
Feb 5, 2013
—
Totherow,james E SR
Haile,james D
Quit Claim Deed
related
—
Aug 10, 1990
$44,242
James E Totherrow
Unknown
Grant Deed
—
—
—
James Totherow III
—
Deed Of Trust
related
$154,056 · First Nat'l Bk/middle Tn
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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