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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Office Spaces
117 Hickory Dr Shelbyville, TN 37160-2423
Individually Owned
~
Est. High Equity
Property ID
US80-1945367
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1958
Total area
2,112 SF
Lot
0.28 ac (12,320 SF)
APN
002078G F 00301
UPID
US80-1945367
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
-
Castillo's Bakery Bakery Specialty Food Shop
-
Northcutt Surveying Inc Land Surveyor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$715k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$715k
Owner & transaction history
John Kevin Erwin
John Kevin Erwin
since 2026
Last sale
$715,000
7 recorded transactions
Zoning & alternative use
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 Shelbyville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shelbyville 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
$715,000
ML approach
$715,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$715k
Range $644k – $787k · ±10% · vs last sale $715k (Nov 12 2024)
Last sale anchor
$715k
Nov 12 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
$339 / 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
Property tax & assessments
Assessed value
$53,240
Assessed 2023
Previous assessed
$53,240
+0.0% YoY
Assessed land
$13,000
Assessed improvement
$40,240
Land market value
$32,500
Improvement market value
$100,600
Total market value
$133,100
Applied tax rate
2.0000
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
1958
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
1
Total area
2,112 SF
Lot
0.28 ac (12,320 SF)
APN
002078G F 00301
UPID
US80-1945367
Jurisdiction
BEDFORD
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1958
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
John Kevin Erwin
Individual
Mailing address
2630 HWY 41ST RD N, SHELBYVILLE, TN 37160-5603
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
108 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2026
—
John Kevin Erwin
Albert S Erwin SR.
Deed
related
—
Mar 16, 2026
—
Laura L Allison
—
Deed
related
$150,000 · First Community Bank Of Tennessee
Feb 5, 2026
—
William Caleb Davis
John W Davis
Deed
related
—
Jan 27, 2026
$412,000
Joshua Hammonds
Joe Garrett
Warranty Deed
—
Jan 2, 2026
—
Mary Elizabeth Williamson
Richard Scott Williamson
Deed
related
—
Nov 3, 2025
—
Msqd Holdings LLC
—
Deed
related
$143,000 · Heritage South Community Cu
Oct 31, 2025
—
Lynn Duke
Lynn Duke
Deed
related
—
Sep 29, 2025
—
Trenton Lee Harris
—
Deed
related
$150,000 · Laura Parham
Sep 12, 2025
—
Luis Vitervo Olea
—
Deed
related
$18,000 · W Andrew Bobo
Sep 4, 2025
—
Philpott Tennessee Community Proper
Stephen Philpott
Deed
related
—
Aug 1, 2025
—
Keith Adams
—
Deed
related
$200,000 · Luke T Buckley
Jul 9, 2025
—
Christopher Perry
—
Deed
related
$1,260,000 · Rose Marie Young Etal
Nov 12, 2024
$715,000
Ricky T Spivey
Joan P Seaton
Warranty Deed
$689,438 · Firsttrust Home Loans INC
Jul 1, 2024
—
Matthew Doak
—
Deed
related
$125,000 · Joe M Lambert
Jun 24, 2024
—
Ross A Rinkes
Ross Rinkes
Intrafamily Transfer
related
—
Apr 1, 2024
—
Justin Russell
—
Deed
related
$45,000 · Cody Adgent
Feb 15, 2024
—
Julie Shoemake
—
Deed
related
$100,000 · Julie Shoemake Etux
Jan 25, 2024
$800,000
Cesar Gomora Diaz
Tammy Lynn Titus
Warranty Deed
$720,000 · The Federal Savings Bank
Jan 8, 2024
—
Print Finishing Partners LLC
—
Deed
related
$499,000 · James T Oglesby
Nov 1, 2023
—
Dcc Strategic Realty Partners LLC
—
Deed
related
$403,750 · Peoples Bank Of Middle Tennessee
Sep 21, 2023
—
Pleasant Grove Methodist Chr Of Bed
Tennessee Western Ky Conf Of United
Intrafamily Transfer
related
—
Sep 1, 2023
—
George Marsic
—
Deed
related
$183,900 · Edwin Butler
Jul 26, 2023
—
Shawn Roberts
—
Deed
related
$300,000 · Peoples Bank Of Middle Tennessee
Jul 14, 2023
—
Sonia A Miller
Sonia A Miller
Intrafamily Transfer
related
—
Jun 14, 2023
—
Blanc Pierre
Universal Property & Rental LLC
Quit Claim Deed
related
—
May 11, 2023
—
John K Harrison
Eugene E Schaefer
Quit Claim Deed
related
—
May 4, 2023
—
Virginia L Stewart
Evergreen Walking Horse Farm
Quit Claim Deed
related
—
Apr 20, 2023
$90,000
Fabiola B Licea Martinez
James R Warner
Warranty Deed
$70,000 · First Community Bank Of Tennessee
Jan 26, 2023
—
Beasleyland Dairies
—
Deed
related
$101,115 · Farm Credit Mid America Flca
Jan 6, 2023
—
Jeffery A Temple SR.
William Tomlinson Temple
Intrafamily Transfer
related
—
Jan 5, 2023
—
Justin Russell
—
Deed
related
$35,000 · Ken A Lane Etal
Dec 13, 2022
—
Morteza Shams
Trm Farming LLC
Quit Claim Deed
related
—
Nov 17, 2022
—
Shawn Roberts
—
Deed
related
$800,000 · Peoples Bank Of Middle Tennessee
Oct 12, 2022
$800,000
Delta Cast Stone INC
Robert W Harris
Warranty Deed
—
Sep 2, 2022
—
Richard L Lemmon
—
Deed
related
$169,000 · Heritage South Community Cu
Jul 25, 2022
—
Ti Tennessee
Ti Shopping Center LLC
Quit Claim Deed
related
—
Jun 23, 2022
—
Fayne H Parsons III
—
Deed
related
$300,000 · Peoples Bank Of Middle Tennessee
Jun 15, 2022
—
Judy Fay Johnson
Thomas E Johnson JR
Intrafamily Transfer
related
—
May 2, 2022
$225,000
Shawn Roberts
Alfred H York SR.
Warranty Deed
—
Apr 26, 2022
—
George Lucas Parham
—
Deed
related
$380,000 · Heritage South Community Cu
Apr 5, 2022
—
Karen M Smialek
Jeff Smialek
Intrafamily Transfer
related
—
Mar 21, 2022
$449,900
Erin R Adkins
Matt Wilson
Warranty Deed
$358,900 · First Community Mortgage INC
Mar 21, 2022
$890,000
Sammy B Fennel
Patty L Biggs
Warranty Deed
$825,825 · Farm Credit Mid America Flca
Mar 17, 2022
$155,000
Lesa Charlynn Johnson
Laura Stancel
Warranty Deed
—
Mar 9, 2022
—
David Tate Peoples
Tammy Peoples
Intrafamily Transfer
related
—
Mar 7, 2022
$146,000
James Hillis
Nirmala J Patel
Warranty Deed
$145,000 · Nirmala J Patel Etux
Mar 3, 2022
$785,000
Kimberly C Walden
Christmas Creek Farm LLC
Warranty Deed
$830,000 · Traders National Bank
Dec 13, 2021
$88,800
Christina Weaver
Ramon Vega
Warranty Deed
—
Dec 3, 2021
—
Virginia L Stewart
—
Deed
related
$750,000 · Bobo Hunt & White
Oct 20, 2021
$345,000
Robert W Harris
Steve Brewer
Warranty Deed
$280,133 · Peoples Bank & Trust Co
Oct 4, 2021
$140,000
David Dickens
Marcia Dickens
Warranty Deed
related
$56,000 · Heritage South Community Cu
Oct 1, 2021
$145,000
Joseph J Lehue
Jeanette Snipes Swaim
Warranty Deed
$100,000 · First Community Bank Of Tennessee
Sep 17, 2021
$10,000
William Lee Snyder
Larry W Stone
Warranty Deed
$56,000 · Heritage South Community Cu
Sep 7, 2021
$3,000
Jeremy Polston
Bobby Gordon
Quit Claim Deed
related
$3,000 · Bobby Gordon
Aug 12, 2021
$625,000
Robert L Knox
Richard Dale Floyd
Warranty Deed
—
Aug 4, 2021
$2,500,000
Jose Leon Onate
Robert F Kilgore
Re-recorded Document
related
—
Jun 16, 2021
$930,000
Ti Shopping Center LLC
Rick A Rainwater
Warranty Deed
$697,500 · Coffee County Bank
Jun 9, 2021
$155,000
Stanley Mark Wilson
Michael H Owen
Warranty Deed
$697,500 · Coffee County Bank
Jun 1, 2021
—
Michael Deiter
Dieter Koen
Quit Claim Deed
related
$50,000 · First Community Bank Of Tennessee
May 13, 2021
—
Courtney Dusek Bailey
Vickie Johnson
Executors Deed
—
May 7, 2021
—
Jerry H Stewart JR
—
Deed
related
$140,000 · Michael A Rittenberry
Apr 20, 2021
$242,000
William Royce Hippen
Mary Ellen Cartwright
Warranty Deed
$242,000 · Paramount Residential Mortgage Grou
Apr 15, 2021
—
Ladonna K Sudberry
—
Deed
related
$30,000 · John T Bobo
Apr 9, 2021
—
Jeffrey R Graves
—
Deed
related
$200,000 · Peoples Bank Of Middle Tennessee
Feb 1, 2021
—
Ivan Pedigo
—
Deed
related
$2,800,000 · Farm Credit Mid America Flca
Nov 30, 2020
—
Christy Warner
—
Deed
related
$450,000 · Cocanougher Scott (te)
Sep 24, 2020
—
James E Farrar SR.
—
Deed
related
$1,500,000 · First Cmnty Bk/tn
Sep 23, 2020
—
Kris Adams
—
Deed
related
$40,000 · Peoples Bk/middle Tn
Jul 28, 2020
—
Vincen T Hawkins
—
Deed
related
$165,000 · First Cmnty Bk/tn
Aug 30, 2019
—
Daniel J Miller II
—
Deed
related
$250,000 · Heritage S Cmnty Cu
Aug 15, 2019
—
David D Womack JR
—
Deed
related
$419,093 · Farm Credit Svcs
Jul 29, 2019
—
Clifton A Beasley
—
Deed
related
$320,000 · Heritage S Cmnty Cu
Jul 3, 2019
—
Gregory T Curl
—
Deed
related
$165,750 · Peoples Bk/middle Tn
Jun 14, 2019
$16,000
Cheryl A Soper
James L Richardson
Warranty Deed
—
Jun 11, 2019
—
Michael S Sudberry
—
Deed
related
$20,000 · Peoples Bk/middle Tn
Feb 11, 2019
$142,000
Marcia Dickens
Pearce,patsy B
Warranty Deed
—
Jan 11, 2019
—
Cook Brothers Educational Fund
—
Deed Of Trust
related
$55,000 · Wayne Neese
Oct 5, 2018
—
Jennings D Backus JR
—
Deed
related
$582,400 · Traders Bk
May 22, 2018
—
Keith Canter
—
Deed
related
$326,000 · First Cmnty Bk/tn
Apr 10, 2018
—
Bennie L Hoover
—
Deed Of Trust
related
$50,000 · First Cmnty Bk/tn
Mar 29, 2018
—
John W Davis
—
Deed
related
$272,000 · Peoples Bk/middle Tn
Feb 23, 2018
$66,000
Michael H Smith
Ronald E Smith
Warranty Deed
related
—
Jan 13, 2017
—
Kasey Kesselring
Kasey Kesselring
Quit Claim Deed
related
—
Aug 15, 2014
—
Patsy B Pearce
Pearce,david J
Quit Claim Deed
related
—
Jul 3, 2014
$130,000
Patsy B Pearce
Northcutt Surveying INC
Warranty Deed
—
Dec 1, 2004
—
Walking Horse Farm I Evergreen
—
Trustees Deed
related
$759,076 · Amsouth Bank
Apr 25, 2003
$65,000
Northcutt Surveying INC
Northcutt,rex
Grant Deed
related
—
—
—
Vincen T Hawkins
—
Deed Of Trust
related
$165,000 · First Cmnty Bk/tn
—
—
Nathan A Hill SR.
—
Deed Of Trust
related
$15,000 · Farmers Bank Lynchburg Tn
—
—
Lexington Cove LLC
—
Deed Of Trust
related
$900,000 · Peoples Bank Bedford County
—
—
Roger L Clanton
—
Deed Of Trust
related
$74,050 · First Community Bank Bedford C
—
—
Chester B Marbry
—
Deed Of Trust
related
$201,956 · First Community Bank Bedford C
—
—
Michael S Sudberry
—
Deed Of Trust
related
$20,000 · Peoples Bk/middle Tn
—
—
Gregory T Curl
—
Deed Of Trust
related
$165,750 · Peoples Bk/middle Tn
—
—
David D Womack JR
—
Deed Of Trust
related
$419,093 · Farm Credit Svcs
—
—
Daniel J Miller II
—
Deed Of Trust
related
$250,000 · Heritage S Cmnty Cu
—
—
Clifton A Beasley
—
Deed Of Trust
related
$320,000 · Heritage S Cmnty Cu
—
—
Northcutt Surveying INC
—
Deed Of Trust
related
$76,300 · Peoples Bank Bedford County
—
—
H L Darnell
—
Deed Of Trust
related
$20,000 · Mid-state Financial Svcs INC
—
—
Travis W Fults
—
Deed Of Trust
related
$159,000 · First Community Bank Bedford C
—
—
John W Davis
—
Deed Of Trust
related
$272,000 · Peoples Bk/middle Tn
—
—
Jennings D Backus JR
—
Loan Modification
related
$582,400 · Traders Bk
—
—
Keith Canter
—
Deed Of Trust
related
$326,000 · First Cmnty Bk/tn
—
—
Nathan A Hill SR.
—
Deed Of Trust
related
$145,000 · Farmers Bank Lynchburg Tn
—
—
Sean D Adkins
—
Deed Of Trust
related
$258,268 · First Community Bank Bedford C
—
—
James E Farrar SR.
—
Deed Of Trust
related
$1,500,000 · First Cmnty Bk/tn
—
—
Christy Warner
—
Deed Of Trust
related
$450,000 · Cocanougher Scott (te)
—
—
Kris Adams
—
Deed Of Trust
related
$40,000 · Peoples Bk/middle Tn
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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