Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,100,000
Office Spaces
201 Oak Ave Cookeville, TN 38501-2423
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-1376920
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2003
Total area
5,700 SF
Lot
0.4 ac (17,280 SF)
Zoning code
CM
APN
071053B K 00700
UPID
US80-1376920
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
-
West Lisa Physician
-
Community Options Inc Social Service Agency Charitable Organization
-
Marsha Bowman Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.10M
CAP Approach
CAP
$890k
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$1.10M
Owner & transaction history
Dogwood Property Estates Gp · 2 yrs held
Dogwood Property Estates Gp
since 2024
Last sale
$1.1M
6 recorded transactions
Zoning & alternative use
CM · 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
$1,100,000
ML approach
$1,100,000
CAP Approach
CAP Return
Estimation
6%
$960,000
6.5%
$890,000
7%
$825,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$755,000
Current use
RETAIL STORES
$665,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$1.10M
Range $990k – $1.21M · ±10% · vs last sale $1.10M (Jun 5 2024)
Last sale anchor
$1.10M
Jun 5 2024
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
$193 / 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
$8,697
Tax year 2022
Assessed value
$264,200
Assessed 2023
Previous assessed
$264,200
+0.0% YoY
Effective rate
3.29%
On assessed value
Assessed land
$62,400
Assessed improvement
$201,800
Land market value
$156,000
Improvement market value
$504,500
Total market value
$660,500
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
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
2003
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
6
Total area
5,700 SF
Lot
0.4 ac (17,280 SF)
Zoning code
CM
APN
071053B K 00700
UPID
US80-1376920
Jurisdiction
PUTNAM
Zoning & alternative use
CM · Cookeville, TN
Zoning CM · permitted uses
CM · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$755,000
RETAIL STORES
Est. value
$665,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
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
2003
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
6
Lot
0.4 ac
Current owner
From public records · entity-resolved
Dogwood Property Estates Gp
Entity
Mailing address
201 N PO BOX 430TH AVE, COOKEVILLE, TN 38503-0430
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
Jun 5, 2024
$1,100,000
Dogwood Property Estates Gp
Steve R Copeland
Warranty Deed
$1,215,242 · One Bank Of Tennessee
Apr 11, 2002
—
Steve R Copeland
Cope,lands G
Quit Claim Deed
related
—
Feb 4, 2002
$70,000
Cope,lands G
Matheney,mabel I
Trustees Deed
—
Jun 7, 2001
—
Charles C Matheney
Matheney,mable I
Quit Claim Deed
related
—
—
—
Copeland,steven R & Scott A
—
Loan Modification
related
$457,001 · First Tn Bk
—
—
Cope-lands
—
Deed Of Trust
related
$15,000 · First Tennessee Bank National
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 201 Oak Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
