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Property profile & analytics
OFF-MARKET
Office Spaces
1301 Carroll St Tullahoma, TN 37388-3889
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-1290523
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1968
Total area
1,974 SF
Lot
0.11 ac (5,000 SF)
Zoning code
I1
APN
016123 00901
UPID
US80-1290523
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
-
Van Cleave Frank Law Firm
-
Hank Rymer - State Farm Insurance Agent Insurance Agency
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
Hank Rymer · 2 yrs held
Hank Rymer
since 2024
Last sale
$275,000
6 recorded transactions
Zoning & alternative use
I1 · Tullahoma, 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 Tullahoma submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tullahoma 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
$1,841
Tax year 2023
Assessed value
$45,920
Assessed 2023
Previous assessed
$45,920
+0.0% YoY
Effective rate
4.01%
On assessed value
Assessed land
$3,440
Assessed improvement
$42,480
Land market value
$8,600
Improvement market value
$106,200
Total market value
$114,800
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
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
1968
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
1
Total area
1,974 SF
Lot
0.11 ac (5,000 SF)
Zoning code
I1
APN
016123 00901
UPID
US80-1290523
Jurisdiction
COFFEE
Zoning & alternative use
I1 · Tullahoma, TN
Zoning I1 · permitted uses
I1 · Tullahoma, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tullahoma. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1968
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Hank Rymer
Individual
Mailing address
491 HOBBS RD, ALTAMONT, TN 37301-4230
Ownership since
2024
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
Sep 3, 2024
—
Hank Rymer
—
Deed
related
$333,000 · Us Bank NA
Feb 2, 2024
$275,000
Hank Rymer
Southridge Properties
Warranty Deed
$249,900 · Citizens Tri-county Bank
Aug 23, 2021
$90,000
Southridge Properties
Anchor Capital
Warranty Deed
$81,000 · Coffee County Bank
Jul 9, 2013
$103,000
Anchor Cap
Van Cleave,frank
Warranty Deed
—
Apr 1, 2003
$80,000
Frank V Cleave
Parker,john M
Grant Deed
—
Sep 13, 1993
$33,500
John M Parker
Unknown
Grant Deed
—
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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