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Property profile & analytics
OFF-MARKET
Estimated value
$880,000
Office Spaces
17 Ridgeway Rd Norris, TN 37828-3071
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US80-1177427
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1936
Total area
26,324 SF
Lot
1.61 ac (70,132 SF)
APN
001031F E 05601
UPID
US80-1177427
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$940k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$985k
Blend (final)
Blend
$880k
Owner & transaction history
Jasmine Tree LLC · 5 yrs held
Jasmine Tree LLC
since 2020
Last sale
$690,000
4 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 Norris submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norris 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
$595,000
ML approach
$940,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$880k
Range $792k – $968k · ±10% · vs last sale $690k (Dec 31 2020)
Last sale anchor
$690k
Dec 31 2020
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
$33 / 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
$205,680
Assessed 2023
Previous assessed
$242,280
-15.1% YoY
Assessed land
$32,200
Assessed improvement
$173,480
Land market value
$80,500
Improvement market value
$433,700
Total market value
$514,200
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1936
Heating
YES
Cooling
YES
Stories
1
Units
1
Rooms
30
Bathrooms
7
Total area
26,324 SF
Lot
1.61 ac (70,132 SF)
APN
001031F E 05601
UPID
US80-1177427
Jurisdiction
ANDERSON
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
1936
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
30
Bathrooms
7
Lot
1.61 ac
Current owner
From public records · entity-resolved
Jasmine Tree LLC
Entity
Mailing address
4616 103RD ST, LUBBOCK, TX 79424-7455
Ownership since
2020
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
Dec 31, 2020
$690,000
Jasmine Tree LLC
Recovery Corp
Warranty Deed
$760,000 · Capstar Bank
Sep 10, 2018
$620,000
Recovery Corp INC
Tennessee Acquisition Co LLC
Warranty Deed
$434,000 · Firstbank
Jun 10, 2008
$525,000
Tennessee Acquisition Co LLC
Acs Quality Builders INC
Warranty Deed
$348,000 · Y-12 FCU
—
—
Recovery Corp
—
Deed Of Trust
related
$434,000 · Post Road Administrative LLC
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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