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Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Medical Office Space
1445 10th St Cookeville, TN 38501-2017
Entity Owned
3-yr Hold
Free & Clear
Property ID
US80-1372916
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1967
Construction
FRAME
Total area
6,936 SF
Lot
0.46 ac (20,111 SF)
APN
071041P B 00300
UPID
US80-1372916
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
-
Jason C. Clopton Sr, OD Physician
-
Center of Vision Development, pllc Physician
-
Center of Vision Comprehensive Vision Care for all ages Physician
-
Center of Vision Development: Clopton Heidi Physician
-
Kathleen Ferrelli Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$575k
Blend (final)
Blend
$680k
Owner & transaction history
City Of Cookeville · 3 yrs held
City Of Cookeville
since 2023
Last sale
$12,545
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$745,000
+15.8%
Commercial (general)
$730,000
+13.0%
Restaurant
$680,000
+5.6%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$645,000
Current use
RETAIL STORES
$745,000
Change: +16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$730,000
Change: +13% · Conversion: Easy
RESTAURANT
$680,000
Change: +6% · Conversion: Difficult
AUTO REPAIR, GARAGE
$620,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$680k
Range $612k – $748k · ±10% · vs last sale $13k (Jun 12 2023)
Last sale anchor
$13k
Jun 12 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
$98 / 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
$11,803
Tax year 2022
Assessed value
$358,520
Assessed 2023
Previous assessed
$358,520
+0.0% YoY
Effective rate
3.29%
On assessed value
Assessed land
$27,600
Assessed improvement
$330,920
Land market value
$69,000
Improvement market value
$827,300
Total market value
$896,300
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1967
Construction
FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
2
Total area
6,936 SF
Lot
0.46 ac (20,111 SF)
APN
071041P B 00300
UPID
US80-1372916
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
MEDICAL BUILDING Current
Est. value
$645,000
RETAIL STORES
Est. value
$745,000
COMMERCIAL (GENERAL)
Est. value
$730,000
RESTAURANT
Est. value
$680,000
AUTO REPAIR, GARAGE
Est. value
$620,000
MEDICAL BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
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
1967
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
0.46 ac
Current owner
From public records · entity-resolved
City Of Cookeville
Entity
Free & Clear · 3 yrs held
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2026
—
Center Of Vision Development PLLC
—
Deed
related
$50,000 · Putnam 1st Mercantile Bank
Aug 16, 2023
—
Center Of Vision Development PLLC
—
Deed
related
$250,000 · Putnam 1st Mercantile Bank
Jun 12, 2023
$12,545
City Of Cookeville
Center Of Vision Development PLLC
Warranty Deed
—
May 20, 2016
—
Vision Dev PLLC
—
Deed
related
$1,139,473 · Bank Of Putnam Cnty
Oct 24, 2014
—
Center Of Vision Dev PLLC
—
Trustees Deed
related
$1,175,501 · Putnam 1st Mercantile Bk
Dec 19, 2012
$1,190,000
Center Of Vision Dev PLLC
Allens Exteriors INC
Warranty Deed
$918,000 · First National Bank Tn
Apr 16, 2012
$625,000
Allens Exteriors INC
Allen,james M
Warranty Deed
related
$500,000 · First National Bank Tn
Mar 17, 2010
$90,000
James M Allen
Abbott,shawn & Cheryl
Warranty Deed
$72,000 · Jackson Bank & Trust
May 12, 1995
$87,500
Tenn Third Mobile Mid
Cobble,charlie
Grant Deed
$200,000 · Cobble Charles
May 11, 1995
$87,500
Charlie Cobble
Cobble,charlie E
Grant Deed
related
—
—
—
Vision Dev PLLC
—
Deed Of Trust
related
$1,139,473 · Bank Of Putnam Cnty
—
—
Center Of Vision Dev PLLC
—
Loan Modification
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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