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Property profile & analytics
OFF-MARKET
Estimated value
$1,380,000
Office Spaces
1851 Jefferson Ave Cookeville, TN 38506-5567
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US80-3538758
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,180 SF
Lot
5.84 ac (254,390 SF)
Zoning code
C3
APN
071083J C 00100
UPID
US80-3538758
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
-
Cookeville Auto Auction Car Dealership
-
Magnolia Granite & Marble Countertops Building Supply Hardware & Home Improvement
-
Brewington Auction & Realty Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.54M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.38M
Owner & transaction history
Juan Jose Rivera Portillo · 1 yrs held
Juan Jose Rivera Portillo
since 2024
Last sale
$1.4M
6 recorded transactions
Zoning & alternative use
C3 · Cookeville, 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 Cookeville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cookeville 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
$1,175,000
ML approach
$1,540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.38M
Range $1.24M – $1.52M · ±10% · vs last sale $1.40M (Sep 11 2023)
Last sale anchor
$1.40M
Sep 11 2023
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
$633 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$9,464
Tax year 2022
Assessed value
$359,680
Assessed 2023
Previous assessed
$287,480
+25.1% YoY
Effective rate
2.63%
On assessed value
Assessed land
$151,840
Assessed improvement
$207,840
Land market value
$379,600
Improvement market value
$519,600
Total market value
$899,200
Applied tax rate
71.0000
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
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
1
Bathrooms
3
Total area
2,180 SF
Lot
5.84 ac (254,390 SF)
Zoning code
C3
APN
071083J C 00100
UPID
US80-3538758
Jurisdiction
PUTNAM
Zoning & alternative use
C3 · Cookeville, TN
Zoning C3 · permitted uses
C3 · Cookeville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cookeville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Bathrooms
3
Lot
5.84 ac
Current owner
From public records · entity-resolved
Juan Jose Rivera Portillo
Individual
Mailing address
1851 S JEFFERSON AVE, COOKEVILLE, TN 38506-5567
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Dec 9, 2024
$1,600,000
Juan Jose Rivera Portillo
Magnolia Granite & Marble LLC
Warranty Deed
$1,280,000 · One Bank Of Tennessee
Sep 11, 2023
$1,400,000
Magnolia Granite & Marble LLC
Durashok LLC
Deed
$1,242,000 · Tennessee Rural Development
Jan 30, 2018
$1,000,000
Durashok LLC
Cookeville Auto Auction Of Ten
Warranty Deed
$700,000 · First Nat'l Bk/tn
Jan 4, 2007
$1,250,000
Cookeville Auto Auction Of Tn LLC
Cookeville Auto Auction INC
Warranty Deed
related
$1,200,000 · Jackson Bank & Trust Cookevlle
Aug 3, 1990
$233,300
Cookeville,auto Auction
Unknown
Grant Deed
—
—
—
Cookeville Auto Auction Of Tennes
—
Deed Of Trust
related
$1,100,000 · Putnam First Mercantile 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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