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Property profile & analytics
OFF-MARKET
Estimated value
$1,000,000
Office Spaces
1400 Neal St Cookeville, TN 38501-4313
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-0071365
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,950 SF
Lot
1.22 ac (53,143 SF)
APN
071053M B 00104
UPID
US80-0071365
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
-
Crye-Leike Realtors Real Estate Agency
-
ELEVATE REAL ESTATE Real Estate Agency
-
Benny Romero, Crye-Leike, Realtors Real Estate Agency
-
Crye-Leike Realtors - Diane Ludwig Real Estate Agency
-
Champion Buckler _ Crye-Leike Realtors Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.00M
CAP Approach
CAP
$1.24M
Comparable Approach
Comparable
$1.18M
Blend (final)
Blend
$1.00M
Owner & transaction history
Elijah Castelli · 2 yrs held
Elijah Castelli
since 2024
Last sale
$1.0M
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 Cookeville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cookeville 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
$1,000,000
ML approach
$1,000,000
CAP Approach
CAP Return
Estimation
6%
$1,340,000
6.5%
$1,240,000
7%
$1,150,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,050,000
Current use
RETAIL STORES
$925,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±10% · vs last sale $1.00M (Feb 8 2024)
Last sale anchor
$1.00M
Feb 8 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
$126 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$12,810
Tax year 2022
Assessed value
$389,120
Assessed 2023
Previous assessed
$389,120
+0.0% YoY
Effective rate
3.29%
On assessed value
Assessed land
$127,200
Assessed improvement
$261,920
Land market value
$318,000
Improvement market value
$654,800
Total market value
$972,800
Applied tax rate
71.0000
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
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
2
Total area
7,950 SF
Lot
1.22 ac (53,143 SF)
APN
071053M B 00104
UPID
US80-0071365
Jurisdiction
PUTNAM
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.1M
RETAIL STORES
Est. value
$925,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
1.22 ac
Current owner
From public records · entity-resolved
Elijah Castelli
Individual
Mailing address
1400 NEAL ST, COOKEVILLE, TN 38501-4313
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 8, 2024
$1,000,000
Elijah Castelli
Harold E Crye
Warranty Deed
$900,000 · Harold E Crye Living Trust
Apr 5, 2022
—
Harold E Crye
—
Deed
related
$882,000 · First National Bank Of Tennessee
May 26, 2017
—
Crye,harold E Living Trust
—
Deed
related
$680,000 · First Nat'l Bk/tn
Apr 28, 2006
$800,000
Crye Harold E Living Trust
Nichols,michael W
Warranty Deed
$680,000 · First National Bank Tn
May 27, 2004
$674,150
Michael W Nichols
Jones,thomas H
Grant Deed
—
Mar 20, 2002
—
Bruce R Barsumian
Research Electro
Grant Deed
related
—
Apr 24, 1995
—
Cookeville Perimeter Assoc
Cookeville,perim
Quit Claim Deed
related
—
—
—
Crye,harold E Living Trust
—
Loan Modification
related
$680,000 · First Nat'l Bk/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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