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Property profile & analytics
OFF-MARKET
Estimated value
$4,330,000
Medical Office Space
1500 Elk Ave Elizabethton, TN 37643-2654
Entity Owned
10-yr Hold
Free & Clear
Property ID
US80-1528700
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1980
Total area
119,202 SF
Lot
6.32 ac (275,299 SF)
APN
010040L C 00101
UPID
US80-1528700
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
-
District Attorney Law Firm
-
Tennessee District Attorneys Child Support Law Firm
-
Silver Angels of Tennessee - Carter, LLC Home Health Care Service Home Help
-
Tri-Cities Gastroenterology Medical Clinic
-
Stephen Fry, M.D. Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.33M
Owner & transaction history
Pine Palms Properties · 10 yrs held
Pine Palms Properties
since 2015
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 Elizabethton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elizabethton 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$36 / 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
$2,593,800
Assessed 2023
Previous assessed
$2,593,800
+0.0% YoY
Assessed land
$770,600
Assessed improvement
$1,823,200
Land market value
$1,926,500
Improvement market value
$4,558,000
Total market value
$6,484,500
Applied tax rate
10.0000
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
1980
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
9
Total area
119,202 SF
Lot
6.32 ac (275,299 SF)
APN
010040L C 00101
UPID
US80-1528700
Jurisdiction
CARTER
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1980
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
9
Lot
6.32 ac
Current owner
From public records · entity-resolved
Pine Palms Properties
Entity
Free & Clear · 10 yrs held
Mailing address
1500 W ELK AVE, ELIZABETHTON, TN 37643-2654
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2018
—
Pine Palms Properties
—
Grant Deed
related
$8,100,000 · First Tn Bk
Jul 17, 2017
—
Pine Palms Management LLC
—
Loan Modification
related
$6,750,000 · Branch Bk&tr
Dec 23, 2015
—
Pine Palms Properties
Pine Palms Management LLC
Quit Claim Deed
related
—
Nov 29, 2012
$195,000
Crown Legacy Investments LLC
Pine Palms Management LLC
Warranty Deed
—
May 23, 2012
—
Pine Palms Management LLC
Tri-state Container Co Trust
Quit Claim Deed
related
—
Nov 18, 2011
—
Pine Palms Management LLC
—
Deed Of Trust
related
$6,000,000 · Branch Banking & Trust Co
Jun 18, 2010
$1,250,000
Pine Palms Management LLC
Tin INC
Grant Deed
$1,173,840 · State Of Franklin Savings Bank
—
—
Pine Palms Management LLC
—
Loan Modification
related
$6,750,000 · Branch Bk&tr
—
—
Crown Legacy Investments LLC
—
Deed Of Trust
related
$2,300,000 · Greater Cmnty Bk
—
—
Pine Palms Management LLC
—
Deed Of Trust
related
$1,500,000 · Branch Bk&tr
—
—
Pine Palms Management LLC
—
Loan Modification
related
$1,500,000 · Branch Bk&tr
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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