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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Office Spaces
1113 Commerce St Lewisburg, TN 37091-3503
Individually Owned
17-yr Hold
Free & Clear
Property ID
US80-0342519
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1965
Total area
3,852 SF
Lot
0.72 ac (31,564 SF)
Zoning code
C-2
APN
059071C B 02500
UPID
US80-0342519
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
-
Maggie-Roo Pet Retreat & Grooming Salon Kennel & Boarding Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$675k
Blend (final)
Blend
$645k
Owner & transaction history
Tresha A Grissom · 17 yrs held
Tresha A Grissom
since 2009
6 recorded transactions
Zoning & alternative use
C-2 · Lewisburg, 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 Lewisburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lewisburg 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$645k
Range $581k – $710k · ±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
$167 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$15,143
Tax year 2021
Assessed value
$343,040
Assessed 2023
Previous assessed
$343,040
+0.0% YoY
Effective rate
4.41%
On assessed value
Assessed land
$21,520
Assessed improvement
$321,520
Land market value
$53,800
Improvement market value
$803,800
Total market value
$857,600
Applied tax rate
59.0000
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
1965
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
1
Rooms
9
Bathrooms
1
Total area
3,852 SF
Lot
0.72 ac (31,564 SF)
Zoning code
C-2
APN
059071C B 02500
UPID
US80-0342519
Jurisdiction
MARSHALL
Zoning & alternative use
C-2 · Lewisburg, TNZoning C-2 · permitted uses
C-2 · Lewisburg, 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
1965
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Rooms
9
Bathrooms
1
Lot
0.72 ac
Current owner
From public records · entity-resolved
Tresha A Grissom
Individual
Free & Clear · 17 yrs held
Mailing address
1113 E COMMERCE ST, LEWISBURG, TN 37091-3503
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2016
—
Tresha A Grissom
—
Deed Of Trust
related
$1,700,000 · First Cmrc Bk
May 11, 2009
$165,000
Tresha A Grissom
Wakefield,thomas V
Warranty Deed
—
May 9, 2006
—
T V Wakefield
Wakefield,marsha
Quit Claim Deed
related
$276,172 · First Commerce Bank
Jul 24, 2003
—
Barrett,donald R JR Tr
Wakefield,victor
Trustees Deed
related
—
—
—
Tresha A Grissom
—
Deed Of Trust
related
$150,185 · First Commerce Bank
—
—
Tresha A Grissom
—
Deed Of Trust
related
$425,000 · First Commerce 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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