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Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Medical Office Space
1816 Washington St Tullahoma, TN 37388-2477
Entity Owned
8-yr Hold
Free & Clear
Property ID
US80-0880235
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1973
Construction
FRAME
Total area
15,568 SF
Lot
5.18 ac (225,641 SF)
Zoning code
R2
APN
016109P A 02101
UPID
US80-0880235
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
-
Platinum Physical Therapy Physician
-
Stevens Sarah Employment Agency
-
Harton Regional Medical Center Medical Clinic
-
Martin Fiala Physician
-
Edward J. Daigle, CRNA Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$978k
Blend (final)
Blend
$720k
Owner & transaction history
Centerstone Of Tennessee INC · 8 yrs held
Centerstone Of Tennessee INC
since 2018
4 recorded transactions
Zoning & alternative use
R2 · Tullahoma, 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 Tullahoma submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tullahoma 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$720k
Range $648k – $792k · ±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
$46 / 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
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$17,476
Tax year 2023
Assessed value
$435,920
Assessed 2023
Previous assessed
$435,920
+0.0% YoY
Effective rate
4.01%
On assessed value
Assessed land
$186,480
Assessed improvement
$249,440
Land market value
$466,200
Improvement market value
$623,600
Total market value
$1,089,800
Applied tax rate
16.0000
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
1973
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
1
Bathrooms
5
Total area
15,568 SF
Lot
5.18 ac (225,641 SF)
Zoning code
R2
APN
016109P A 02101
UPID
US80-0880235
Jurisdiction
COFFEE
Zoning & alternative use
R2 · Tullahoma, TN
Zoning R2 · permitted uses
R2 · Tullahoma, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tullahoma. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1973
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Bathrooms
5
Lot
5.18 ac
Current owner
From public records · entity-resolved
Centerstone Of Tennessee INC
Entity
Free & Clear · 8 yrs held
Mailing address
44 VANTAGE WAY, NASHVILLE, TN 37228-1513
Ownership since
2018
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
Feb 4, 2019
—
Centerstone Of Tennessee INC
—
Grant Deed
related
$29,000,000 · Firstbank
Jun 4, 2018
$950,000
Centerstone Of Tennessee INC
Gar-mar Properties
Warranty Deed
—
Jul 30, 2007
$637,500
Gar-mar Properties
Memorial 39 Post 43 American L
Warranty Deed
$1,000,000 · First Vision Bk/tn
—
—
Gar-mar Properties
—
Loan Modification
related
$100,000 · First Vision Bk/tn
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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