New search
Property profile & analytics
OFF-MARKET
Office Spaces
16520 Hwy 104th N, Lexington, TN 38351-3847
Individually Owned
~
Est. High Equity
Property ID
US80-0490972
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1995
Construction
FRAME
Total area
2,640 SF
Lot
0.56 ac (24,394 SF)
Zoning code
B2
APN
039081C A 00900
UPID
US80-0490972
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
-
The New Cutting Edge Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Bobby Davenport JR
Bobby Davenport JR
since 2026
Last sale
$10,000
7 recorded transactions
Zoning & alternative use
B2 · Lexington, TN
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 Lexington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lexington 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
—
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
$2,127
Tax year 2022
Assessed value
$70,280
Assessed 2023
Previous assessed
$62,760
+12.0% YoY
Effective rate
3.03%
On assessed value
Assessed land
$17,920
Assessed improvement
$52,360
Land market value
$44,800
Improvement market value
$130,900
Total market value
$175,700
Applied tax rate
39.0000
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
1995
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
1
Total area
2,640 SF
Lot
0.56 ac (24,394 SF)
Zoning code
B2
APN
039081C A 00900
UPID
US80-0490972
Jurisdiction
HENDERSON
Zoning & alternative use
B2 · Lexington, TN
Zoning B2 · permitted uses
B2 · Lexington, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lexington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1995
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0.56 ac
Current owner
From public records · entity-resolved
Bobby Davenport JR
Individual
Mailing address
405 LAKEVIEW DR S, LEXINGTON, TN 38351-1242
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
26 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2026
$10,000
Bobby Davenport JR
Susan Reeves Orengo
Warranty Deed
—
May 14, 2025
—
Noah Sanders
Amy Houston Sanders
Deed
related
—
Apr 7, 2025
$35,000
Jarrod Phillips
Terri Flake O'neill
Warranty Deed
—
Nov 15, 2024
—
Ldg Enterprises INC
—
Deed
related
$50,000 · First Citizens National Bank
Oct 7, 2024
$174,900
Robbie Carrington
John F Nawrocki
Warranty Deed
$171,731 · Guaranteed Rate INC
Jun 14, 2022
$365,000
Anthony Maness
Kerry Sellers
Warranty Deed
$425,000 · Firstbank
Dec 17, 2020
—
Ldg Enterprises INC
—
Deed
related
$113,250 · Firstbank
Jun 19, 2020
$40,000
Neila Scott
Barbara W Russell
Warranty Deed
—
Nov 9, 2018
—
Ldg Ents INC
—
Deed
related
$101,261 · Community Bk
Nov 17, 2017
—
Ldg Ents INC
—
Deed
related
$37,000 · Firstbank
Oct 25, 2016
—
Ldg Ents INC
—
Deed
related
$42,000 · Firstbank
Jun 27, 2016
—
Ldg Ents INC
—
Deed
related
$42,000 · Firstbank
Mar 5, 2014
—
Ldg Ents INC
—
Trustees Deed
related
$42,000 · Firstbank
Nov 23, 2010
—
Ldg Ents INC
—
Trustees Deed
related
$25,183 · Firstbank/w Mi
Nov 16, 2010
$70,000
Ldg Ents INC
First Bk
Warranty Deed
$70,000 · Peoples Bk
Feb 26, 2010
$91,000
First Bk
Williams Laura A
Trustees Deed
related
—
Aug 6, 2001
$125,000
Grace Anderson
Hinson,wayne
Grant Deed
—
—
—
Ldg Ents INC
—
Loan Modification
related
$93,375 · Firstbank
—
—
Ldg Ents INC
—
Loan Modification
related
$42,000 · Firstbank
—
—
Ldg Ents INC
—
Loan Modification
related
$41,900 · Firstbank
—
—
Ldg Ents INC
—
Loan Modification
related
$42,000 · Firstbank
—
—
Robert W Wilson
—
Deed Of Trust
related
$141,900 · Farm Credit Svcs
—
—
Ldg Ents INC
—
Loan Modification
related
$42,000 · Firstbank
—
—
Ldg Ents INC
—
Loan Modification
related
$37,000 · Firstbank
—
—
Ldg Ents INC
—
Deed Of Trust
related
$101,261 · Community Bk
—
—
Allison P Martin
—
Deed Of Trust
related
$61,000 · Firstbank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 16520 Hwy 104th N?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
