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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Medical Office Space
1120 Sams St Cookeville, TN 38506-4006
Entity Owned
17-yr Hold
Free & Clear
Property ID
US80-1203959
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2006
Total area
7,144 SF
Lot
1.27 ac (55,321 SF)
Zoning code
C3
APN
071066 08402
UPID
US80-1203959
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
-
Rebecca E. Vaughn, Nurse Physician
-
Dana F. Balch, FNP Physician
-
Cathey Heather H Physician
-
Dr. James W. Cates, Jr., M.D., FAAFP Pediatrician Physician
-
Dr. Matthew M. Bolton, M.D. Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$898k
Blend (final)
Blend
$875k
Owner & transaction history
Satellite Md LLC · 17 yrs held
Satellite Md LLC
since 2009
7 recorded transactions
Zoning & alternative use
C3 · Cookeville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$760,000
+20.1%
Restaurant
$695,000
+9.9%
Retail stores
$640,000
+1.8%
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
$630,000
Current use
COMMERCIAL (GENERAL)
$760,000
Change: +20% · Conversion: Easy
RESTAURANT
$695,000
Change: +10% · Conversion: Difficult
RETAIL STORES
$640,000
Change: +2% · Conversion: Difficult
AUTO REPAIR, GARAGE
$630,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$875k
Range $788k – $963k · ±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
$122 / 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
$19,665
Tax year 2022
Assessed value
$598,400
Assessed 2023
Previous assessed
$597,360
+0.2% YoY
Effective rate
3.29%
On assessed value
Assessed land
$154,800
Assessed improvement
$443,600
Land market value
$387,000
Improvement market value
$1,109,000
Total market value
$1,496,000
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
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
2006
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
1
Bathrooms
12
Total area
7,144 SF
Lot
1.27 ac (55,321 SF)
Zoning code
C3
APN
071066 08402
UPID
US80-1203959
Jurisdiction
PUTNAM
Zoning & alternative use
C3 · Cookeville, TN
Zoning C3 · permitted uses
C3 · 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
$630,000
COMMERCIAL (GENERAL)
Est. value
$760,000
RESTAURANT
Est. value
$695,000
RETAIL STORES
Est. value
$640,000
AUTO REPAIR, GARAGE
Est. value
$630,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
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
2006
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Bathrooms
12
Lot
1.27 ac
Current owner
From public records · entity-resolved
Satellite Md LLC
Entity
Free & Clear · 17 yrs held
Mailing address
1120 SAMS ST, COOKEVILLE, TN 38506-4006
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2023
—
Satellite Md LLC
—
Deed
related
$879,587 · Peoples Bank & Trust Co Of Pickett Co
Mar 2, 2009
—
Satellite Md LLC
Cates Md LLC
Quit Claim Deed
related
—
Oct 14, 2005
—
Cates Md LLC
Cates,james W & Constance S
Quit Claim Deed
related
$300,000 · First State Bank
Apr 1, 2005
$339,500
James W Cates
Gaw,roy
Warranty Deed
$340,500 · American Bank & Tr Cumberland
Jan 25, 1999
$150,000
Roy Gaw
Marcum,lon E
Grant Deed
—
Feb 18, 1998
$130,000
Lon E Marcum
—
Grant Deed
related
—
May 8, 1995
—
Lisa Miller
—
Deed Of Trust
related
—
—
—
Satellite Md LLC
—
Deed Of Trust
related
$1,126,757 · Wilson Bank & Trust
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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