Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$780,000
Office Spaces
1234 Nashville Hwy Lewisburg, TN 37091-2222
Individually Owned
13-yr Hold
~
Est. High Equity
Property ID
US80-1249486
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1996
Total area
4,805 SF
Lot
0.92 ac (40,001 SF)
Zoning code
R3
APN
059057N A 01800
UPID
US80-1249486
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
-
Celebration Inn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$842k
Blend (final)
Blend
$780k
Owner & transaction history
Suketkumar N Patel · 13 yrs held
Suketkumar N Patel
since 2013
6 recorded transactions
Zoning & alternative use
R3 · Lewisburg, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ACK LINE. BE IT ORDANIED BY THE MAYOR AND COUNCIL OF THE CITY OF LEWISBURG THAT: 1) Article V: Section 5.051 Residential Districts Regulations of the Zoning Ordinance be amended as follows: Article V : Section 5.051.3 - R-3, High Density Residential District. D. Dimensional Regulations. 1. Lot Width at Building Setback Line - Single Detached 50 ft. - Duplex…
Zone name
High Density Residential
General category
RESIDENTIAL
Zone area
652.31 ac
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 Lewisburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lewisburg 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$780k
Range $702k – $858k · ±10%
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
$162 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$10,542
Tax year 2021
Assessed value
$385,760
Assessed 2023
Previous assessed
$385,760
+0.0% YoY
Effective rate
2.73%
On assessed value
Assessed land
$22,200
Assessed improvement
$363,560
Land market value
$55,500
Improvement market value
$908,900
Total market value
$964,400
Applied tax rate
59.0000
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
1996
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
1
Rooms
3
Bathrooms
36
Total area
4,805 SF
Lot
0.92 ac (40,001 SF)
Zoning code
R3
APN
059057N A 01800
UPID
US80-1249486
Jurisdiction
MARSHALL
Zoning & alternative use
R3 · Lewisburg, TNZoning R3 · permitted uses
R3 · Lewisburg, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ACK LINE. BE IT ORDANIED BY THE MAYOR AND COUNCIL OF THE CITY OF LEWISBURG THAT: 1) Article V: Section 5.051 Residential Districts Regulations of the Zoning Ordinance be amended as follows: Article V : Section 5.051.3 - R-3, High Density Residential District. D. Dimensional Regulations. 1. Lot Width at Building Setback Line - Single Detached 50 ft. - Duplex 50 ft. - Multi-Family 50 ft. 2) This Ordinance, and any Amendments thereto, are pub
Zone name
High Density Residential
General category
RESIDENTIAL
Zone area
652.31 ac
Building & site characteristics
From public records
Year built
1996
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Rooms
3
Bathrooms
36
Lot
0.92 ac
Current owner
From public records · entity-resolved
Suketkumar N Patel
Individual
Mailing address
1234 NASHVILLE HWY, LEWISBURG, TN 37091-2222
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 9, 2018
—
Suketkumar N Patel
—
Deed
related
$259,612 · Community First Bk-chicago
Apr 18, 2013
$500,000
Suketkumar N Patel
Miller,mildred A
Warranty Deed
$309,536 · Community First Bank
Sep 10, 2001
—
Mildred A Miller
Miller,ernest L
Quit Claim Deed
related
—
Oct 15, 1999
$80,000
Ernest L Miller JR.
Celebration INC
Grant Deed
—
Dec 21, 1990
$7,000
John H Gillespie
Unknown
Grant Deed
—
—
—
Suketkumar N Patel
—
Loan Modification
related
$259,612 · Community First Bk-chicago
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1234 Nashville Hwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
