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Property profile & analytics
OFF-MARKET
Estimated value
$1,750,000
Medical Office Space
150 Willow Ave Cookeville, TN 38501-2368
Entity Owned
1-yr Hold
Free & Clear
Property ID
US80-1056579
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2008
Total area
16,300 SF
Lot
1.88 ac (81,893 SF)
Zoning code
R3
APN
071053B P 00500
UPID
US80-1056579
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
-
Julie B. Smith, FNP Physician
-
Cookeville Pediatrics Associates Pediatrician Medical Clinic
-
Leslie M. Treece M.D., F.A.A.P. Pediatrician Medical Clinic
-
Grizzard Lauren R Physician
-
Dr. Robert N. Treece, MD Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.85M
Blend (final)
Blend
$1.75M
Owner & transaction history
Ftb Investment Group · 1 yrs held
Ftb Investment Group
since 2025
4 recorded transactions
Zoning & alternative use
R3 · Cookeville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.8M
+15.8%
Commercial (general)
$1.7M
+13.0%
Restaurant
$1.6M
+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
$1,515,000
Current use
RETAIL STORES
$1,755,000
Change: +16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,710,000
Change: +13% · Conversion: Easy
RESTAURANT
$1,600,000
Change: +6% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,450,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$1.75M
Range $1.58M – $1.93M · ±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
$107 / 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
$37,863
Tax year 2022
Assessed value
$1,150,160
Assessed 2023
Previous assessed
$1,150,160
+0.0% YoY
Effective rate
3.29%
On assessed value
Assessed land
$327,200
Assessed improvement
$822,960
Land market value
$818,000
Improvement market value
$2,057,400
Total market value
$2,875,400
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
2008
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
12
Total area
16,300 SF
Lot
1.88 ac (81,893 SF)
Zoning code
R3
APN
071053B P 00500
UPID
US80-1056579
Jurisdiction
PUTNAM
Zoning & alternative use
R3 · Cookeville, TN
Zoning R3 · permitted uses
R3 · Cookeville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cookeville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.5M
RETAIL STORES
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.7M
RESTAURANT
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.5M
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
2008
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
12
Lot
1.88 ac
Current owner
From public records · entity-resolved
Ftb Investment Group
Entity
Free & Clear · 1 yrs held
Mailing address
150 N WILLOW AVE, COOKEVILLE, TN 38501-2368
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 9, 2025
$80,787
Ftb Investment Group
City Of Cookeville
Warranty Deed
—
Nov 8, 2006
$575,500
Ftb Investment Group
City Of Cookeville Tennessee
Warranty Deed
$610,000 · First Tennessee Bank National
Jul 24, 2000
—
City Of Cookeville
Newman,clarence
Grant Deed
related
—
—
—
Ftb Investment Group
—
Deed Of Trust
related
$2,800,000 · First Tennessee Bank National
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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