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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Office Spaces
211 Ln Pkwy Shelbyville, TN 37160-3108
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US80-0214558
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1968
Construction
FRAME
Total area
22,950 SF
Lot
2.4 ac (104,544 SF)
APN
002089A B 00900
UPID
US80-0214558
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
-
Southern Energy Transport Llc Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$580k
Owner & transaction history
King Land Investments LLC · 6 yrs held
King Land Investments LLC
since 2020
Last sale
$450,000
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 Shelbyville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shelbyville 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
$560,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$580k
Range $522k – $638k · ±10% · vs last sale $450k (Jan 9 2020)
Last sale anchor
$450k
Jan 9 2020
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
$25 / 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
$572,200
Assessed 2023
Previous assessed
$572,200
+0.0% YoY
Assessed land
$224,600
Assessed improvement
$347,600
Land market value
$561,500
Improvement market value
$869,000
Total market value
$1,430,500
Applied tax rate
2.0000
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
1968
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
3
Total area
22,950 SF
Lot
2.4 ac (104,544 SF)
APN
002089A B 00900
UPID
US80-0214558
Jurisdiction
BEDFORD
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
1968
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
3
Lot
2.4 ac
Current owner
From public records · entity-resolved
King Land Investments LLC
Entity
Mailing address
PO BOX 705, SHELBYVILLE, TN 37162-0705
Ownership since
2020
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
Jan 9, 2020
—
King Land Investments LLC
Gary R King
Quit Claim Deed
related
—
Mar 7, 2016
—
Gary R King
K & L Investments
Quit Claim Deed
related
—
Jul 12, 2010
$300,000
James E Farrar
Bank Of Lincoln Cnty
Grant Deed
—
Jul 12, 2010
$450,000
K Investments
Farrar,james E
Warranty Deed
—
Oct 9, 2009
$475,000
Bank Of Lincoln Cnty
Stevens R Whitney JR
Trustees Deed
related
—
Dec 28, 2007
$1,200,000
Deals Investments LLC
Bank Of Lincoln County
Warranty Deed
$2,800,000 · Bank Of Lincoln Cnty
Jan 3, 2007
$950,000
Bank Of Lincoln County
Whitmore,jeff
Trustees Deed
related
—
Jul 23, 1991
$425,000
Mark A Pirtle
Unknown
Grant Deed
—
—
—
Celebration Nissan INC
—
Deed Of Trust
related
$2,500,000 · Bank Of Lincoln Cnty
—
—
Celebration Nissan INC
—
Deed Of Trust
related
$600,000 · Us Bank NA
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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