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Property profile & analytics
OFF-MARKET
Office Spaces
1806 Old Gray Sta Rd Gray, TN 37615-4614
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-2642430
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1980
Total area
5,084 SF
Lot
70 ac (3,049,200 SF)
APN
029B A 01000
UPID
US80-2642430
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
-
Boones Creek Early Learning Academy Daycare Center
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
1806 Old Gray Station Road LLC · 3 yrs held
1806 Old Gray Station Road LLC
since 2022
Last sale
$162,000
6 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 Gray submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gray 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
$152,280
Assessed 2023
Previous assessed
$152,280
+0.0% YoY
Assessed land
$28,720
Assessed improvement
$123,560
Land market value
$71,800
Improvement market value
$308,900
Total market value
$380,700
Applied tax rate
90.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1980
Heating
YES
Cooling
YES
Stories
1
Units
1
Rooms
1
Bathrooms
8
Total area
5,084 SF
Lot
70 ac (3,049,200 SF)
APN
029B A 01000
UPID
US80-2642430
Jurisdiction
WASHINGTON
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
1980
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
1
Bathrooms
8
Lot
70 ac
Current owner
From public records · entity-resolved
1806 Old Gray Station Road LLC
Entity
Mailing address
105 SUGAR ML DR, JOHNSON CITY, TN 37604-8617
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2022
—
1806 Old Gray Station Road LLC
Arimngton Group LLC
Quit Claim Deed
related
—
Aug 25, 2006
—
Joy L Robbins
Bates,kenneth R
Quit Claim Deed
related
—
Feb 24, 1993
$162,000
Kenneth R Bates
Unknown
Grant Deed
—
Jan 27, 1993
$162,000
La Petite Academy INC
Unknown,
Grant Deed
—
—
—
Joy L Robbins
—
Deed Of Trust
related
$300,000 · Bank Of Tennessee
—
—
Joy L Robbins
—
Deed Of Trust
related
$300,000 · Trupoint Bank
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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