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Property profile & analytics
OFF-MARKET
Estimated value
$870,000
Office Spaces
220 King St Cookeville, TN 38501-3431
Entity Owned
~
Est. High Equity
Property ID
US80-3279719
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2009
Total area
3,973 SF
Lot
0.59 ac (25,769 SF)
APN
071053K J 02700
UPID
US80-3279719
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
-
Barrett Exterior Services Landscaping General Contractor
-
Barrett Chiropractic Alternative Medicine Practice
-
Dr. William Barrett Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$620k
Comparable Approach
Comparable
$865k
Blend (final)
Blend
$870k
Owner & transaction history
Waters Property Group LLC
Waters Property Group LLC
since 2025
Last sale
$1.1M
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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$670,000
6.5%
$620,000
7%
$575,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$525,000
Current use
Blend value · Realmo final
$870k
Range $783k – $957k · ±10% · vs last sale $1.10M (Jul 17 2025)
Last sale anchor
$1.10M
Jul 17 2025
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
$219 / 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
$7,655
Tax year 2022
Assessed value
$257,360
Assessed 2023
Previous assessed
$232,520
+10.7% YoY
Effective rate
2.97%
On assessed value
Assessed land
$94,400
Assessed improvement
$162,960
Land market value
$236,000
Improvement market value
$407,400
Total market value
$643,400
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
2009
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
1
Total area
3,973 SF
Lot
0.59 ac (25,769 SF)
APN
071053K J 02700
UPID
US80-3279719
Jurisdiction
PUTNAM
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$525,000
COMMERCIAL (GENERAL) Current
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
2009
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0.59 ac
Current owner
From public records · entity-resolved
Waters Property Group LLC
Entity
Mailing address
220 KING ST, COOKEVILLE, TN 38501-3431
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2025
$1,100,000
Waters Property Group LLC
William Barrett
Warranty Deed
$935,000 · Firstbank
Mar 19, 2025
—
Erin R Barrett
—
Deed
related
$263,900 · Firstbank
Oct 20, 2023
—
Erin R Barrett
—
Deed
related
$125,000 · Firstbank
May 24, 2022
—
William E Barrett
—
Deed
related
$160,000 · Firstbank
Jun 11, 2008
$160,000
William Barrett
Plantation Properties
Warranty Deed
$300,000 · Putnam First Mercantile Bank
May 8, 2006
$125,000
Plantation Properties
Parks,j D & Lissa
Warranty Deed
$124,000 · First Tennessee Bank National
May 1, 2003
$60,000
Parks J D
Smith,terry A
Grant Deed
—
Mar 20, 2001
$59,900
Smith,terry A & Rosetta G
Labar,arthur T
Trustees Deed
—
Jul 25, 1997
$48,300
Arthur T Labar
Labar,arthur T
Grant Deed
related
—
Jul 24, 1997
$48,300
Arthur T Labar
Derryberry,willi
Grant Deed
$38,600 · Ft Mortgage Co
Nov 8, 1993
$36,500
William Pitt Derryberry
Unknown
Grant Deed
—
—
—
Willaim Barrett
—
Deed Of Trust
related
$100,000 · Putnam First Mercantile Bank
—
—
William Barrett
—
Deed Of Trust
related
$98,200 · Putnam First Mercantile Bank
—
—
William E Barrett
—
Deed Of Trust
related
$540,997 · Regions Bank
—
—
William Barrett
—
Deed Of Trust
related
$458,344 · Putnam First Mercantile 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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