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Property profile & analytics
OFF-MARKET
Medical Office Space
1775 Morris Blvd Morristown, TN 37813-2835
Individually Owned
5-yr Hold
Free & Clear
Property ID
US80-3483611
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1985
Construction
WOOD
Total area
3,136 SF
Lot
0.69 ac (30,056 SF)
APN
032041F F 00900
UPID
US80-3483611
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
-
May Family Chiropractic Alternative Medicine Practice
-
Carrie M. Coleman, DC Alternative Medicine Practice
-
Aaron May Alternative Medicine Practice
-
May chiropractic Alternative Medicine Practice
-
Phillip Coleman Alternative Medicine Practice
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
Morristown Utilities Commission · 5 yrs held
Morristown Utilities Commission
since 2021
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 Morristown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morristown 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
Property tax & assessments
Assessed value
$132,800
Assessed 2023
Previous assessed
$132,800
+0.0% YoY
Assessed land
$60,280
Assessed improvement
$72,520
Land market value
$150,700
Improvement market value
$181,300
Total market value
$332,000
Applied tax rate
32.0000
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
1985
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Rooms
9
Bathrooms
1
Total area
3,136 SF
Lot
0.69 ac (30,056 SF)
APN
032041F F 00900
UPID
US80-3483611
Jurisdiction
HAMBLEN
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
1985
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
9
Bathrooms
1
Lot
0.69 ac
Current owner
From public records · entity-resolved
Morristown Utilities Commission
Individual
Free & Clear · 5 yrs held
Mailing address
1775 W MORRIS BLVD, MORRISTOWN, TN 37813-2835
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Sep 2, 2022
—
May Properties LLC
—
Deed
related
$37,700 · Ornl FCU
Apr 14, 2021
$4,000
Morristown Utilities Commission
May Family One Limited Partnership
Warranty Deed
—
Jul 2, 2019
—
May Family One Limited Partnership
Aaron May
Intrafamily Transfer
related
$297,500 · Ornl FCU
May 4, 2015
$324,476
Aaron May
Coleman Phillip N & Carrie M
Warranty Deed
$324,476 · Hal & Nancy Kirk
May 28, 2010
$375,000
Phillip N Coleman
Kirk,hal & Nancy
Warranty Deed
$375,000 · Hal & Nancy Kirk
Jan 29, 2007
$350,000
Hal Kirk
Unferth,gary P
Warranty Deed
—
Oct 24, 2002
—
Gary P Unferth
Unferth,patricia
Quit Claim Deed
related
—
Dec 19, 1997
$225,000
Gary Linferth
Unferth,gary P
Grant Deed
—
Jun 4, 1997
$50,000
Ken Brooks
Unknown
Grant Deed
$168,750 · Jefferson Federal Savings
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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