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Property profile & analytics
OFF-MARKET
Estimated value
$18,695,000
Office Spaces
147 Bear Crk Pike Columbia, TN 38401-2266
Individually Owned
3-yr Hold
Free & Clear
Property ID
US80-0958707
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1968
Total area
129,792 SF
Lot
40 ac (1,742,400 SF)
APN
060090 00800
UPID
US80-0958707
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
-
Farm Bureau Health Plans Insurance Agency
-
Tennessee Farm Bureau Federation Corporate Office
-
Farm Bureau Insurance Financial Advisor Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$18.11M
Comparable Approach
Comparable
$21.07M
Blend (final)
Blend
$18.70M
Owner & transaction history
Patsy E Hedrick · 3 yrs held
Patsy E Hedrick
since 2022
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$19.6M
+51.5%
Retail stores
$14.9M
+14.7%
Auto repair, garage
$14.2M
+10.0%
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 Columbia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Columbia 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%
$19,615,000
6.5%
$18,105,000
7%
$16,815,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$12,955,000
Current use
MEDICAL BUILDING
$19,630,000
Change: +52% · Conversion: Easy
RETAIL STORES
$14,865,000
Change: +15% · Conversion: Easy
AUTO REPAIR, GARAGE
$14,245,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$18.70M
Range $16.83M – $20.56M · ±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
$144 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$142,131
Tax year 2023
Assessed value
$7,441,400
Assessed 2023
Previous assessed
$7,441,400
+0.0% YoY
Effective rate
1.91%
On assessed value
Assessed land
$974,160
Assessed improvement
$6,467,240
Land market value
$2,435,400
Improvement market value
$16,168,100
Total market value
$18,603,500
Applied tax rate
60.0000
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
YES
Buildings
2
Stories
1
Units
1
Bathrooms
41
Total area
129,792 SF
Lot
40 ac (1,742,400 SF)
APN
060090 00800
UPID
US80-0958707
Jurisdiction
MAURY
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
$13.0M
MEDICAL BUILDING
Est. value
$19.6M
RETAIL STORES
Est. value
$14.9M
AUTO REPAIR, GARAGE
Est. value
$14.2M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
RETAIL STORES
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
1968
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Bathrooms
41
Lot
40 ac
Current owner
From public records · entity-resolved
Patsy E Hedrick
Individual
Free & Clear · 3 yrs held
Mailing address
PO BOX 313, COLUMBIA, TN 38402-0313
Ownership since
2022
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
Dec 6, 2022
—
Patsy E Hedrick
Patsy E Hedrick
Intrafamily Transfer
related
—
Oct 4, 2019
$750,000
Tennessee Farm Bureau Federati
Atmos Energy Corp
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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