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Property profile & analytics
FOR LEASE
Office Spaces
1338 Russell Ave Jefferson City, TN 37760
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-1751538
For Lease
$16 SF/Yr
1338 Russell Ave, Jefferson City, TN 37760
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2001
Total area
3,538 SF
Lot
0.59 ac (25,700 SF)
Zoning code
R-2
APN
023E G 00100
UPID
US80-1751538
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
-
Smarketing, LLC Advertising Agency Marketing & Advertising
-
InstaCare Urgent and Family Care Medical Clinic
-
CRYSTAL GAIL ROGERS Physician
-
Lawhorn CPA Group, LLC - Jefferson City, TN Accounting Firm
-
Gann Terry C CPA Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$540k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$615k
Blend (final)
Blend
$530k
Owner & transaction history
Durrab Properties LP · 3 yrs held
Durrab Properties LP
since 2023
Last sale
$452,000
2 recorded transactions
Zoning & alternative use
R-2 · Jefferson City, 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 Jefferson City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jefferson City 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
$605,000
ML approach
$540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $452k (Apr 18 2023)
Last sale anchor
$452k
Apr 18 2023
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
$150 / 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
$180,640
Assessed 2023
Previous assessed
$183,600
-1.6% YoY
Assessed land
$40,000
Assessed improvement
$140,640
Land market value
$100,000
Improvement market value
$351,600
Total market value
$451,600
Applied tax rate
45.0000
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
For Lease
Year built
2001
Heating
YES
Cooling
YES
Stories
1
Units
1
Rooms
8
Bathrooms
2
Total area
3,538 SF
Lot
0.59 ac (25,700 SF)
Zoning code
R-2
APN
023E G 00100
UPID
US80-1751538
Jurisdiction
JEFFERSON
Zoning & alternative use
R-2 · Jefferson City, TN
Zoning R-2 · permitted uses
R-2 · Jefferson City, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jefferson City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2001
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
8
Bathrooms
2
Lot
0.59 ac
Current owner
From public records · entity-resolved
Durrab Properties LP
Entity
Mailing address
4038 BIG SPG GAP RD, PIKEVILLE, TN 37367-7653
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2023
$452,000
Durrab Properties LP
M & G Properties
Warranty Deed
$452,500 · First Horizon Bank
—
—
M Properties
—
Deed Of Trust
related
$355,000 · 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.
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?”
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