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Property profile & analytics
OFF-MARKET
Estimated value
$7,000,000
Medical Office Space
1125 Perimeter Park Dr Cookeville, TN 38501-0910
Trust Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-0433595
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2018
Construction
STEEL FRAME
Total area
19,954 SF
Lot
1.33 ac (57,935 SF)
Zoning code
C-4
APN
071053M B 01807
UPID
US80-0433595
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
-
Retirement Specialty Group, Inc. Financial Advisor
-
Cookeville Eye Specialists Physician Ophthalmologist
-
Tennessee Retina Medical Clinic Ophthalmologist
-
Dennis L. Cosgrove, OD Physician
-
Perimeter Surgery Center Medical Clinic Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.00M
Owner & transaction history
Sood Realty Trust · 2 yrs held
Sood Realty Trust
since 2024
Last sale
$7.0M
7 recorded transactions
Zoning & alternative use
C-4 · 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
$7,000,000
ML approach
$7,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.00M
Range $6.30M – $7.70M · ±10% · vs last sale $7.00M (Feb 6 2024)
Last sale anchor
$7.00M
Feb 6 2024
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
$351 / 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
$53,285
Tax year 2022
Assessed value
$1,562,760
Assessed 2023
Previous assessed
$1,618,600
-3.4% YoY
Effective rate
3.41%
On assessed value
Assessed land
$138,800
Assessed improvement
$1,423,960
Land market value
$347,000
Improvement market value
$3,559,900
Total market value
$3,906,900
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
2018
Construction
STEEL FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Bathrooms
2
Total area
19,954 SF
Lot
1.33 ac (57,935 SF)
Zoning code
C-4
APN
071053M B 01807
UPID
US80-0433595
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.
Building & site characteristics
From public records
Year built
2018
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
2
Lot
1.33 ac
Current owner
From public records · entity-resolved
Sood Realty Trust
Trust
Mailing address
100 ANDOVER ST, ANDOVER, MA 01810-5606
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2024
$7,000,000
Sood Realty Trust
Cookeville Eye Group Gp
Special Warranty Deed
$4,300,000 · Cumberland Capital Partners LLC
Jan 29, 2019
—
Cookeville Eye Group
—
Deed
related
$3,825,991 · Cumberland Cap Ptrs LLC
Mar 8, 2018
—
Cookeville Eye Group G P
—
Deed
related
$220,000 · First Nat'l Bk
Sep 21, 2016
—
Cookeville Eye Group Gp
—
Deed
related
$1,611,750 · First Nat'l Bk/tn
Jan 25, 2016
$305,000
Cookeville Eye Group Gp
Patterson,j Michael
Warranty Deed
$1,534,250 · First Nat'l Bk/tn
Feb 16, 2007
$250,000
J Michael Patterson
Dickinson J L SR Trust
Warranty Deed
—
Dec 20, 2005
$119,700
Dickinson J L SR Family Trust
Perimeter Place Property Ltd
Warranty Deed
—
—
—
Cookeville Eye Group
—
Deed Of Trust
related
$3,825,991 · Cumberland Cap Ptrs LLC
—
—
Cookeville Eye Group Gp
—
Loan Modification
related
$1,611,750 · First Nat'l Bk/tn
—
—
Cookeville Eye Group G P
—
Loan Modification
related
$220,000 · First Nat'l Bk
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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