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Property profile & analytics
OFF-MARKET
Estimated value
$910,000
Medical Office Space
1120 Perimeter Park Dr Cookeville, TN 38501-0922
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US80-0075189
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2010
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,727 SF
Lot
1.49 ac (64,904 SF)
Zoning code
C-4
APN
071053M B 01815
UPID
US80-0075189
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
-
Cookeville Dermatology - Dr. Lisa M. Whiteaker, MD, FAAD Physician Medical Clinic
-
Mckenzie Davis Physician
-
Cookeville Dermatology Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$853k
Blend (final)
Blend
$910k
Owner & transaction history
Lisa M Whiteaker · 1 yrs held
Lisa M Whiteaker
since 2025
7 recorded transactions
Zoning & alternative use
C-4 · Cookeville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$830,000
+15.8%
Commercial (general)
$810,000
+13.0%
Restaurant
$760,000
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$720,000
Current use
RETAIL STORES
$830,000
Change: +16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$810,000
Change: +13% · Conversion: Easy
RESTAURANT
$760,000
Change: +6% · Conversion: Difficult
AUTO REPAIR, GARAGE
$690,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$910k
Range $819k – $1.00M · ±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
$118 / 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
$17,503
Tax year 2022
Assessed value
$531,680
Assessed 2023
Previous assessed
$531,680
+0.0% YoY
Effective rate
3.29%
On assessed value
Assessed land
$129,600
Assessed improvement
$402,080
Land market value
$324,000
Improvement market value
$1,005,200
Total market value
$1,329,200
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
2010
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
7
Total area
7,727 SF
Lot
1.49 ac (64,904 SF)
Zoning code
C-4
APN
071053M B 01815
UPID
US80-0075189
Jurisdiction
PUTNAM
Zoning & alternative use
C-4 · Cookeville, TN
Zoning C-4 · permitted uses
C-4 · 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
$720,000
RETAIL STORES
Est. value
$830,000
COMMERCIAL (GENERAL)
Est. value
$810,000
RESTAURANT
Est. value
$760,000
AUTO REPAIR, GARAGE
Est. value
$690,000
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
2010
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
7
Lot
1.49 ac
Current owner
From public records · entity-resolved
Lisa M Whiteaker
Individual
Mailing address
5090 E VICTORY VW DR, COOKEVILLE, TN 38506-8589
Ownership since
2025
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
Jun 9, 2025
—
Lisa M Whiteaker
Lisa M Whiteaker
Deed
related
—
Aug 20, 2009
$245,000
Larry Whiteaker
Casal,michael
Warranty Deed
—
Jul 7, 2009
—
Michael Casal
Triumph Dev Co LLC
Quit Claim Deed
related
—
Feb 6, 2006
$187,500
Triumph Dev Co LLC
Schiff,peter & Melanie
Warranty Deed
$187,500 · First National Bank Tn
Dec 16, 2002
$251,125
Peter Schiff
Perimeter Place
Grant Deed
—
—
—
Larry H Whitaker
—
Deed Of Trust
related
$988,000 · First National Bank Tn
—
—
Lisa Whiteaker
—
Deed Of Trust
related
$988,000 · Regions 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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