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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Medical Office Space
1524 Sparta St Mcminnville, TN 37110-1317
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US80-0149934
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2006
Total area
7,684 SF
Lot
1.45 ac (63,162 SF)
APN
089058 09102
UPID
US80-0149934
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
-
Middle Tennessee Nephrology Medical Clinic
-
Dr. Robert P. Sabo, MD Physician Medical Clinic
-
U.S. Renal Care Medical Clinic
-
Southern Kidney Specialists Physician
-
RAI Dialysis Care Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$385k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$620k
Blend (final)
Blend
$505k
Owner & transaction history
Enrich Real Estate Of Tennessee LLC · 4 yrs held
Enrich Real Estate Of Tennessee LLC
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$670,000
+33.9%
Retail stores
$640,000
+27.3%
Auto repair, garage
$610,000
+21.7%
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 Mcminnville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mcminnville 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
$385,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$500,000
Current use
RESTAURANT
$670,000
Change: +34% · Conversion: Difficult
RETAIL STORES
$640,000
Change: +27% · Conversion: Difficult
AUTO REPAIR, GARAGE
$610,000
Change: +22% · Conversion: Difficult
COMMERCIAL (GENERAL)
$585,000
Change: +17% · Conversion: Easy
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$66 / 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
$363,320
Assessed 2023
Previous assessed
$363,320
+0.0% YoY
Assessed land
$52,320
Assessed improvement
$311,000
Land market value
$130,800
Improvement market value
$777,500
Total market value
$908,300
Applied tax rate
89.0000
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
2006
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
8
Total area
7,684 SF
Lot
1.45 ac (63,162 SF)
APN
089058 09102
UPID
US80-0149934
Jurisdiction
WARREN
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
$500,000
RESTAURANT
Est. value
$670,000
RETAIL STORES
Est. value
$640,000
AUTO REPAIR, GARAGE
Est. value
$610,000
COMMERCIAL (GENERAL)
Est. value
$585,000
MEDICAL BUILDING Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2006
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
8
Lot
1.45 ac
Current owner
From public records · entity-resolved
Enrich Real Estate Of Tennessee LLC
Entity
Mailing address
5851 LEGACY CIR STE #900, PLANO, TX 75024-5982
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2022
$2,774,290
Enrich Real Estate Of Tennessee LLC
Affable Development LLC
Correction Deed
related
$1,644,000 · First Citizens Bank & Trust Co
Dec 23, 2021
$2,774,290
Real Of Tennessee LLC
Affable Development LLC
Special Warranty Deed
$1,644,000 · First Citizens Bank & Trust Co
Jul 27, 2020
—
Raymond C Whiteaker
Raymond C Whiteaker
Quit Claim Deed
related
$1,275,000 · Encore Bk
Nov 26, 2018
$925,000
Kent Whiteaker
Whiteaker Raymond C
Warranty Deed
related
—
Jun 5, 2012
—
G & W Ventures LLC
—
Trustees Deed
related
$750,000 · F&m Bk/wv
Jul 6, 2007
$1,519,123
G & W Ventures LLC
Nra Dev LLC
Warranty Deed
$1,619,023 · Green Bk
Sep 20, 2005
$76,850
Nra Dev LLC
Spivey,oscar S JR
Warranty Deed
—
Sep 20, 2005
—
City Of Mcminnville Tennessee
Spivey,oscar S JR
Warranty Deed
related
—
Jul 26, 2005
$260,000
Nra Dev LLC
Spivey,oscar S JR
Warranty Deed
$1,094,000 · Fifth Third Bk/ctrl
Sep 18, 2001
$405,000
Kkodihalli P Prasannakumar
Healthtrust INC
Grant Deed
—
Aug 31, 1990
$300,000
Healthtrust INC
Unknown
Grant Deed
—
—
—
G & W Ventures LLC
—
Loan Modification
related
—
—
—
Affable Dev LLC
—
Deed Of Trust
related
$1,275,000 · Encore Bk
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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