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Property profile & analytics
OFF-MARKET
Estimated value
$8,480,000
Office Spaces
188 16th Ave Dayton, TN 37321-1036
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US80-1789084
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2001
Total area
10,584 SF
Lot
0.86 ac (37,462 SF)
APN
090 00103
UPID
US80-1789084
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
-
Dayton Internal Medicine PLLC Medical Clinic
-
Dayton Internal Medicine - Dr. Hak S. Seo, MD Physician
-
Ms. Megan Chapman Physician
-
Lookout Medical Services Medical Supply Store
-
Dr. Gregory D. Terpstra, DO Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.48M
Owner & transaction history
Rock Solid LP · 4 yrs held
Rock Solid LP
since 2022
Last sale
$7.7M
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 Dayton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dayton 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
$9,280,000
ML approach
$9,195,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.48M
Range $7.63M – $9.33M · ±10% · vs last sale $7.73M (Jan 7 2022)
Last sale anchor
$7.73M
Jan 7 2022
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
$801 / 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
$349,920
Assessed 2023
Previous assessed
$349,920
+0.0% YoY
Assessed land
$67,480
Assessed improvement
$282,440
Land market value
$168,700
Improvement market value
$706,100
Total market value
$874,800
Applied tax rate
72.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2001
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Rooms
1
Bathrooms
2
Total area
10,584 SF
Lot
0.86 ac (37,462 SF)
APN
090 00103
UPID
US80-1789084
Jurisdiction
RHEA
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
2001
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
1
Bathrooms
2
Lot
0.86 ac
Current owner
From public records · entity-resolved
Rock Solid LP
Entity
Mailing address
225 MAIN ST STE #300, DAYTON, TN 37321-1329
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Jan 7, 2022
$1,000,000
Rock Solid LP
Cheryl L Vaughn
Warranty Deed
$3,800,000 · Capstar Bank
Dec 17, 2021
—
Cheryl L Vaughn
Cheryl L Vaughn
Intrafamily Transfer
related
—
Jul 9, 2009
—
Josh Clark
Clark,steve
Quit Claim Deed
related
—
Apr 4, 2001
—
Linam,nelson E
Richland Park Co
Trustees Deed
related
—
Jun 3, 1994
$61,143
Rhea County Farm Bureau
Unknown,
Grant Deed
—
Nov 21, 1991
$20,000
James W Vaughn
Unknown
Grant Deed
—
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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