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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Medical Office Space
189 Mt Pelia Rd Martin, TN 38237-3811
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US80-1002049
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2010
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,608 SF
Lot
2.29 ac (99,750 SF)
APN
092073N A 01300
UPID
US80-1002049
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
-
Cursey Angela B Physician
-
West Tennessee Bone & Joint Clinic Medical Clinic
-
Martin Clinic Medical Clinic
-
JENNIFER RENE JENNINGS Physician
-
Christian Family Medicine & Pediatrics - Martin, TN Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$350k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$778k
Blend (final)
Blend
$565k
Owner & transaction history
Cura LLC · 7 yrs held
Cura LLC
since 2019
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 Martin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Martin 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
$350,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$600,000
Current use
COMMERCIAL (GENERAL)
$560,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$565k
Range $509k – $622k · ±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
$101 / 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
$311,760
Assessed 2023
Previous assessed
$290,200
+7.4% YoY
Assessed land
$36,000
Assessed improvement
$275,760
Land market value
$90,000
Improvement market value
$689,400
Total market value
$779,400
Applied tax rate
92.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2010
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
6
Total area
5,608 SF
Lot
2.29 ac (99,750 SF)
APN
092073N A 01300
UPID
US80-1002049
Jurisdiction
WEAKLEY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$600,000
COMMERCIAL (GENERAL)
Est. value
$560,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2010
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
6
Lot
2.29 ac
Current owner
From public records · entity-resolved
Cura LLC
Entity
Mailing address
79 HWY 51ST S, RIPLEY, TN 38063-4580
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2019
$590,000
Cura LLC
Toby A Hampton
Warranty Deed
$602,578 · First Citizens National Bank
Mar 12, 2019
—
Toby A Hampton
Hampton,melanee
Quit Claim Deed
related
—
Sep 5, 2017
—
Toby A Hampton
—
Deed
related
$300,985 · Iberiabank
Sep 8, 2015
$16,000
Martin Hospital Corp
Hampton,toby & Melanee
Grant Deed
—
Nov 24, 2009
—
Toby Hampton
—
Trustees Deed
related
$491,400 · First State Bank
May 20, 2009
$82,000
Toby Hampton
Yogesh,kumar P
Warranty Deed
—
Feb 28, 2006
$66,000
Kumar P Yogesh
Ken-tenn Medical Alliance INC
Warranty Deed
—
—
—
Toby Hampton
—
Deed Of Trust
related
—
—
—
Toby A Hampton
—
Deed Of Trust
related
$453,512 · Trust One Bank
—
—
Toby A Hampton
—
Loan Modification
related
$300,985 · Iberiabank
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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