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Property profile & analytics
OFF-MARKET
Estimated value
$2,230,000
Office Spaces
1150 Perimeter Park Dr Cookeville, TN 38501-0927
Entity Owned
1-yr Hold
Free & Clear
Property ID
US80-1684578
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,301 SF
Lot
1.52 ac (66,211 SF)
Zoning code
C-4
APN
071053M B 01812
UPID
US80-1684578
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
-
Averitt Training & Media Center Logistics Company Freight Service
-
Segar Siva MD Physician
-
Buckeye Home Medical Equipment Production Facility
-
Julie A. Thomas, APN Physician
-
Lab Corporation Medical Laboratory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.69M
CAP Approach
CAP
$2.23M
Comparable Approach
Comparable
$2.52M
Blend (final)
Blend
$2.23M
Owner & transaction history
Perimeter Park Drive LLC · 1 yrs held
Perimeter Park Drive LLC
since 2025
Last sale
$2.2M
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
$2,970,000
ML approach
$2,690,000
CAP Approach
CAP Return
Estimation
6%
$2,415,000
6.5%
$2,230,000
7%
$2,070,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,890,000
Current use
RETAIL STORES
$1,670,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$2.23M
Range $2.01M – $2.45M · ±10% · vs last sale $2.20M (Apr 24 2025)
Last sale anchor
$2.20M
Apr 24 2025
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
$156 / 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
$21,796
Tax year 2022
Assessed value
$662,080
Assessed 2023
Previous assessed
$662,080
+0.0% YoY
Effective rate
3.29%
On assessed value
Assessed land
$132,400
Assessed improvement
$529,680
Land market value
$331,000
Improvement market value
$1,324,200
Total market value
$1,655,200
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
4
Total area
14,301 SF
Lot
1.52 ac (66,211 SF)
Zoning code
C-4
APN
071053M B 01812
UPID
US80-1684578
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
COMMERCIAL (GENERAL) Current
Est. value
$1.9M
RETAIL STORES
Est. value
$1.7M
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
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
4
Lot
1.52 ac
Current owner
From public records · entity-resolved
Perimeter Park Drive LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 3647, COOKEVILLE, TN 38502-3647
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2025
$2,200,000
Perimeter Park Drive LLC
North Point Properties LLC
Warranty Deed
—
Oct 6, 2023
—
North Point Properties LLC
Ironstone North LLC
Quit Claim Deed
related
—
Nov 24, 2020
—
Ironstone North LLC
—
Deed
related
$1,400,000 · One Bk/tennessee
Sep 16, 2019
$1,600,000
Ironstone North LLC
Act Associates LLC
Warranty Deed
$1,400,000 · Bank Of Putnam Cnty
Jun 8, 2015
—
Act Associates LLC
Act-aurora Concept Trading LLC
Quit Claim Deed
related
—
Mar 31, 2005
—
Act Aurora Concept Trading LLC
Eskander,gamal & Karen
Quit Claim Deed
related
—
Mar 31, 2005
$137,500
Gamal Eskander
Perimeter Place Properties Ltd
Warranty Deed
—
—
—
Ironstone North LLC
—
Loan Modification
related
$1,400,000 · One Bk/tennessee
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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