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Property profile & analytics
OFF-MARKET
Estimated value
$3,135,000
Office Spaces
1160 Perimeter Park Dr Cookeville, TN 38501-0922
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-3285026
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,231 SF
Lot
1.5 ac (65,340 SF)
Zoning code
C-4
APN
071053M B 01811
UPID
US80-3285026
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
-
Little Rascals Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.72M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.14M
Owner & transaction history
Louis G Sarto · 4 yrs held
Louis G Sarto
since 2021
Last sale
$3.1M
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
$3,950,000
ML approach
$3,715,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.14M
Range $2.82M – $3.45M · ±10% · vs last sale $3.13M (Sep 15 2021)
Last sale anchor
$3.13M
Sep 15 2021
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
$340 / 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
$15,230
Tax year 2022
Assessed value
$462,640
Assessed 2023
Previous assessed
$462,640
+0.0% YoY
Effective rate
3.29%
On assessed value
Assessed land
$130,400
Assessed improvement
$332,240
Land market value
$326,000
Improvement market value
$830,600
Total market value
$1,156,600
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
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
8
Total area
9,231 SF
Lot
1.5 ac (65,340 SF)
Zoning code
C-4
APN
071053M B 01811
UPID
US80-3285026
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
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
8
Lot
1.5 ac
Current owner
From public records · entity-resolved
Louis G Sarto
Individual
Mailing address
300 LOMBARD ST, SAN FRANCISCO, CA 94133-2415
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2021
$3,125,000
Louis G Sarto
Tn Ic Lcs LLC
Special Warranty Deed
—
Sep 11, 2019
—
Tn Ic Lcs LLC
—
Deed
related
$1,475,000 · Us Bk
Mar 28, 2019
$1,890,000
Tn Ic Lcs LLC
Mccanless Property Group
Warranty Deed
—
Oct 30, 2009
—
Mccanless Property Group
Mccanless Property Group LLC
Quit Claim Deed
related
$465,000 · Georgia Certified Dev Corp
Jun 3, 2008
$240,000
Mccaless Property Group LLC
Swallows,michael L & Joyce G
Warranty Deed
$1,292,500 · Putnam First Mercantile Bank
Sep 11, 2006
$180,000
Michael L Swallos
Bacon,samuel R
Warranty Deed
—
May 3, 2005
$150,000
Samuel R Bacon
Perimeter Place Properties Ltd
Warranty Deed
—
—
—
Mccanless Property Group
—
Deed Of Trust
related
$646,175 · Putnam First Mercantile Bank
—
—
Tn Ic Lcs LLC
—
Deed Of Trust
related
$1,475,000 · Us Bk
—
—
Mccanless Property Group
—
Deed Of Trust
related
$193,875 · Putnam First Mercantile Bank
—
—
Mccanless Property Group
—
Deed Of Trust
related
$1,098,625 · Putnam First Mercantile Bank
—
—
Mccanless Property Group
—
Deed Of Trust
related
$992,589 · Bank Of Putnam Cnty
—
—
Mccanless Property Group
—
Deed Of Trust
related
$1,020,000 · 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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