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Property profile & analytics
OFF-MARKET
Warehouses
213 1st St Cookeville, TN 38501-2460
Individually Owned
1-yr Hold
Free & Clear
Property ID
US80-0117242
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1940
Construction
WOOD
Total area
2,160 SF
Lot
0.14 ac (6,300 SF)
Zoning code
C2
APN
071053B M 01401
UPID
US80-0117242
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
-
P&W Service & Repair General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Donald Ray Wear II · 1 yrs held
Donald Ray Wear II
since 2024
Last sale
$180,000
4 recorded transactions
Zoning & alternative use
C2 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$786
Tax year 2022
Assessed value
$23,880
Assessed 2023
Previous assessed
$23,880
+0.0% YoY
Effective rate
3.29%
On assessed value
Assessed land
$18,000
Assessed improvement
$5,880
Land market value
$45,000
Improvement market value
$14,700
Total market value
$59,700
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1940
Construction
WOOD
Heating
YES
Stories
1
Units
1
Bathrooms
0
Total area
2,160 SF
Lot
0.14 ac (6,300 SF)
Zoning code
C2
APN
071053B M 01401
UPID
US80-0117242
Jurisdiction
PUTNAM
Zoning & alternative use
C2 · Cookeville, TN
Zoning C2 · permitted uses
C2 · 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.
Building & site characteristics
From public records
Year built
1940
Construction
WOOD
Heating
YES
Stories
1
Units
1
Bathrooms
0
Lot
0.14 ac
Current owner
From public records · entity-resolved
Donald Ray Wear II
Individual
Free & Clear · 1 yrs held
Mailing address
233 W BROAD ST, COOKEVILLE, TN 38501-2470
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2024
$180,000
Donald Ray Wear II
Danny E Lee
Warranty Deed
—
Nov 20, 2024
—
Danny E Lee
Del Properties
Quitclaim Deed
related
—
Apr 24, 2007
$65,000
Del Properties
Long,thomas
Warranty Deed
$68,000 · First National Bank Tn
Oct 24, 2005
$52,000
Thomas Long
Smith,carl D JR & Mary C
Warranty Deed
$44,200 · First National Bank Tn
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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