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Property profile & analytics
OFF-MARKET
Medical Office Space
2131 Locust Ave Lawrenceburg, TN 38464-4455
Individually Owned
Absentee Owner
Free & Clear
Property ID
US80-1099829
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1995
Total area
5,400 SF
Lot
1.45 ac (63,162 SF)
Zoning code
COTIF
APN
050071 03900
UPID
US80-1099829
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
-
Robert Chen, MD, PhD - Triple Board-Certified Dermatologist Physician Medical Clinic
-
Acacia Dermatology & Laboratory Pathology Medical Clinic
-
Acacia Dermatology - Center for Skin Care & Skin Cancer Surgery Physician Medical Clinic
-
Jessie Cutcher - Dermatology Lawrenceburg TN Medical Clinic Skin Care Clinic
-
Powers Margaret C Medical Clinic
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
Employee Resources Credit Union
Employee Resources Credit Union
since 2026
7 recorded transactions
Zoning & alternative use
COTIF · Lawrenceburg, 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 Lawrenceburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lawrenceburg 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 2023Property tax & assessments
Tax year 2023
Tax billed
$8,291
Tax year 2023
Assessed value
$266,760
Assessed 2023
Previous assessed
$266,760
+0.0% YoY
Effective rate
3.11%
On assessed value
Assessed land
$57,440
Assessed improvement
$209,320
Land market value
$143,600
Improvement market value
$523,300
Total market value
$666,900
Applied tax rate
50.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1995
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Rooms
6
Bathrooms
3
Total area
5,400 SF
Lot
1.45 ac (63,162 SF)
Zoning code
COTIF
APN
050071 03900
UPID
US80-1099829
Jurisdiction
LAWRENCE
Zoning & alternative use
COTIF · Lawrenceburg, TNZoning COTIF · permitted uses
COTIF · Lawrenceburg, TN
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
1995
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Rooms
6
Bathrooms
3
Lot
1.45 ac
Current owner
From public records · entity-resolved
Employee Resources Credit Union
Individual
Free & Clear · 0 yrs held
Mailing address
8813 DROSERA CIR, COLLEGE GROVE, TN 37046-1447
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2026
$250,000
Employee Resources Credit Union
Robert Chen
Warranty Deed
—
Dec 4, 2024
$1,030,000
Robert Chen
Lisa W Coleman
Warranty Deed
—
Nov 21, 2016
—
2016 Trust
Wilson Philip E
Quit Claim Deed
related
—
Aug 17, 2015
—
Philip E Wilson
Wilson Philip E
Quit Claim Deed
related
—
Apr 30, 2010
—
Philip E Wilson
Wilson,philip E & Peggy B
Quit Claim Deed
related
—
Mar 1, 2006
$550,000
Philip Wilson
Holly Oaks Partners
Warranty Deed
—
Dec 6, 1994
—
Holly Oaks Partners LP
Holly,oaks Partn
Quit Claim 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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