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Property profile & analytics
OFF-MARKET
Office Spaces
119 Ft St Manchester, TN 37355-1508
Individually Owned
3-yr Hold
Free & Clear
Property ID
US80-0259701
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1940
Total area
2,004 SF
Lot
0.17 ac (7,405 SF)
Zoning code
C1
APN
016076H B 01700
UPID
US80-0259701
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Michael J Hutchins · 3 yrs held
Michael J Hutchins
since 2023
Last sale
$146,000
7 recorded transactions
Zoning & alternative use
C1 · Manchester, 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 Manchester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manchester 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2023Property tax & assessments
Tax year 2023
Tax billed
$2,223
Tax year 2023
Assessed value
$61,240
Assessed 2023
Previous assessed
$61,240
+0.0% YoY
Effective rate
3.63%
On assessed value
Assessed land
$14,040
Assessed improvement
$47,200
Land market value
$35,100
Improvement market value
$118,000
Total market value
$153,100
Applied tax rate
16.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1940
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
3
Total area
2,004 SF
Lot
0.17 ac (7,405 SF)
Zoning code
C1
APN
016076H B 01700
UPID
US80-0259701
Jurisdiction
COFFEE
Zoning & alternative use
C1 · Manchester, TN
Zoning C1 · permitted uses
C1 · Manchester, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Manchester. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1940
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
3
Lot
0.17 ac
Current owner
From public records · entity-resolved
Michael J Hutchins
Individual
Free & Clear · 3 yrs held
Mailing address
1986 OLD MCMINNVILLE HWY, WOODBURY, TN 37190-1556
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 26, 2023
—
Michael J Hutchins
Matthew Mclure
Quit Claim Deed
related
—
Apr 29, 2022
—
Matthew Mclure
—
Deed
related
$50,732 · Homeland Community Bank
Feb 23, 2022
$146,000
Matthew Mclure
Stones River Properties INC
Warranty Deed
—
Aug 17, 2020
—
Lynne Cole
Scott Cole
Quit Claim Deed
related
—
Aug 17, 2020
$130,000
Stones River Properties INC
Lynne Cole
Warranty Deed
$104,000 · Homeland Community Bank
Mar 4, 2009
$127,500
Cole,scott & Lynne
Lalonde,mercedes
Warranty Deed
—
Nov 6, 2002
$162,500
Mercedes Lalonde
Willis,donald
Grant Deed
—
Dec 8, 2000
$50,000
Donald Willis
Lynn,david E & J
Grant Deed
—
Sep 13, 1996
$32,500
David E Lynn
—
Grant Deed
related
—
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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