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Property profile & analytics
OFF-MARKET
Estimated value
$1,615,000
Office Spaces
201 Main St Union City, TN 38261-2131
Entity Owned
15-yr Hold
Free & Clear
Property ID
US80-0905611
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1998
Total area
11,032 SF
Lot
1.6 ac (69,696 SF)
Zoning code
M2
APN
066048K C 00500
UPID
US80-0905611
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
-
District Attorney Law Firm
-
Union City Criminal Office Law Firm
-
UT Health Science Center - College of Dentistry Dental Office
-
Edward Jones - Financial Advisor Financial Advisor
-
Bill and Carol Latimer Charitable Foundation Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.71M
Blend (final)
Blend
$1.62M
Owner & transaction history
Latimer & Searcy Invs INC · 15 yrs held
Latimer & Searcy Invs INC
since 2010
4 recorded transactions
Zoning & alternative use
M2 · Union City, 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 Union City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Union City 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
$1.62M
Range $1.45M – $1.78M · ±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
$146 / 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
$401,040
Assessed 2023
Previous assessed
$347,400
+15.4% YoY
Assessed land
$19,280
Assessed improvement
$381,760
Land market value
$48,200
Improvement market value
$954,400
Total market value
$1,002,600
Applied tax rate
66.0000
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
1998
Heating
YES
Cooling
YES
Stories
1
Units
1
Rooms
32
Bathrooms
5
Total area
11,032 SF
Lot
1.6 ac (69,696 SF)
Zoning code
M2
APN
066048K C 00500
UPID
US80-0905611
Jurisdiction
OBION
Zoning & alternative use
M2 · Union City, TN
Zoning M2 · permitted uses
M2 · Union City, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Union City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1998
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
32
Bathrooms
5
Lot
1.6 ac
Current owner
From public records · entity-resolved
Latimer & Searcy Invs INC
Entity
Free & Clear · 15 yrs held
Mailing address
201 W MAIN ST E STE E, UNION CITY, TN 38261-2132
Ownership since
2010
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
Dec 28, 2010
—
Latimer & Searcy Invs INC
Bill Latimer Investments INC
Quit Claim Deed
related
—
May 13, 2008
—
Bill Latimere Investments INC
Rogers Real Estate INC
Quit Claim Deed
related
—
Aug 6, 2003
$100
Reynolds Oil
Rogers Oil Co Of
Grant Deed
related
—
Jun 7, 1995
$10,000
Rogers Oil Co
—
Grant Deed
related
—
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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