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Property profile & analytics
OFF-MARKET
Estimated value
$1,325,000
Medical Office Space
1516 Reelfoot Ave Union City, TN 38261-5850
Individually Owned
~
Est. High Equity
Property ID
US80-1193786
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
35,860 SF
Lot
2.97 ac (129,373 SF)
APN
066058A J 00500
UPID
US80-1193786
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
-
Alexandra Buckland Physician
-
Reelfoot Family Walk-in Clinic Medical Clinic
-
Fast Pace Orthopedics: Linda Barker, PA - C, ATC Medical Clinic
-
LUIS M ANDERSON Pediatrician Medical Clinic
-
STEPHANIE ANN COLEMAN Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.31M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.34M
Blend (final)
Blend
$1.33M
Owner & transaction history
Hopkins Rentals
Hopkins Rentals
since 2026
Last sale
$970,000
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 Union City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Union City 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
$1,320,000
ML approach
$1,310,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.33M
Range $1.19M – $1.46M · ±10% · vs last sale $970k (Feb 4 2026)
Last sale anchor
$970k
Feb 4 2026
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
$37 / 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
$851,080
Assessed 2023
Previous assessed
$691,840
+23.0% YoY
Assessed land
$115,840
Assessed improvement
$735,240
Land market value
$289,600
Improvement market value
$1,838,100
Total market value
$2,127,700
Applied tax rate
66.0000
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
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Rooms
1
Bathrooms
1
Total area
35,860 SF
Lot
2.97 ac (129,373 SF)
APN
066058A J 00500
UPID
US80-1193786
Jurisdiction
OBION
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
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
1
Bathrooms
1
Lot
2.97 ac
Current owner
From public records · entity-resolved
Hopkins Rentals
Individual
Mailing address
6838 MINNICK ELBRIDGE RD, OBION, TN 38240-3003
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2026
$970,000
Hopkins Rentals
West Tn Property Leasing LLC
Warranty Deed
—
Jan 3, 2020
$950,000
West Tn Porperty Leasing LLC
Clover Leaf Properties LLC
Warranty Deed
$807,500 · First Citizens Bank
May 28, 2019
—
Clover Leaf Properties LLC
—
Trustees Deed
related
$352,749 · First Citizens Nat'l Bk
Dec 17, 2018
—
Clover Leaf Properties LLC
—
Trustees Deed
related
$50,605 · Security Bk
Jun 15, 2018
—
Clover Leaf Properties LLC
—
Trustees Deed
related
$100,000 · Security Bk
Mar 16, 2018
—
Clover Leaf Properties LLC
W W M S INC
Quit Claim Deed
related
—
Jul 19, 2017
—
W W M S INC
—
Deed
related
—
Jul 22, 2016
—
Wwms INC
—
Trustees Deed
related
$100,000 · Reelfoot Bk
—
—
W W M S INC
—
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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