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Property profile & analytics
OFF-MARKET
Estimated value
$795,000
Office Spaces
210 Economy Rd Morristown, TN 37814-3756
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-2022289
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1989
Construction
FRAME
Total area
10,920 SF
Lot
1.18 ac (51,401 SF)
APN
032041C B 00208
UPID
US80-2022289
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
-
Dr. Andrew Townsend, MD Pediatrician Medical Clinic
-
Pulmonary & Sleep Consultants LLC Physician Medical Clinic
-
Martha Anderson Physician
-
Sarah Brooks Physician
-
Corey Lewis Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$745k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$795k
Owner & transaction history
Mark L Sawyer · 4 yrs held
Mark L Sawyer
since 2021
Last sale
$610,000
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 Morristown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morristown 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
$820,000
ML approach
$745,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$795k
Range $716k – $875k · ±10% · vs last sale $610k (Aug 18 2021)
Last sale anchor
$610k
Aug 18 2021
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
$73 / 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
$308,520
Assessed 2023
Previous assessed
$308,520
+0.0% YoY
Assessed land
$58,680
Assessed improvement
$249,840
Land market value
$146,700
Improvement market value
$624,600
Total market value
$771,300
Applied tax rate
32.0000
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
1989
Construction
FRAME
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
1
Rooms
33
Bathrooms
6
Total area
10,920 SF
Lot
1.18 ac (51,401 SF)
APN
032041C B 00208
UPID
US80-2022289
Jurisdiction
HAMBLEN
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
1989
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Rooms
33
Bathrooms
6
Lot
1.18 ac
Current owner
From public records · entity-resolved
Mark L Sawyer
Individual
Mailing address
2305 WINDSWEPT WAY, MORRISTOWN, TN 37814-5322
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2021
$610,000
Mark L Sawyer
Athv Holdings LLC
Warranty Deed
—
Mar 8, 2013
—
Athv Holdings LLC
Athv Holdings
Quit Claim Deed
$719,353 · Regions Bank
Jan 19, 2007
$600,000
Athv Holdings
Gilbert,waymon & Margaret M
Warranty Deed
related
$790,000 · Suntrust Bank NA
Aug 10, 1994
$316,145
Timothy J Meredith
Unknown,
Grant Deed
$318,000 · First Tennessee Bank National
Jul 27, 1994
$316,145
Timothy Etal Meredith
Unknown,
Grant Deed
—
Feb 3, 1989
$37,500
L Kent Low
Unknown
Grant Deed
—
Jan 10, 1989
$37,500
—
Unknown,
Grant Deed
related
—
Jan 5, 1989
$37,500
L Kent Low
Unknown,
Grant Deed
—
Jan 4, 1989
$37,500
—
Unknown,
Grant Deed
related
—
—
—
Athv Holdings
—
Deed Of Trust
related
$765,085 · Regions Bank
—
—
Besturnings INC
—
Deed Of Trust
related
$98,000 · Hamblen County 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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