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Property profile & analytics
OFF-MARKET
Medical Office Space
224 Long St New Johnsonville, TN 37134-2468
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US80-3175136
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1973
Total area
1,846 SF
Lot
0.34 ac (14,810 SF)
APN
043091B D 02100
UPID
US80-3175136
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. George T. Mathai, MD Pediatrician Physician
-
New Johnsonville Family Health Center Medical Clinic
-
George Thottakara Mathai Pediatrician Physician
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
Dr George T Mathai PLLC · 2 yrs held
Dr George T Mathai PLLC
since 2024
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 New Johnsonville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Johnsonville 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
$1,761
Tax year 2023
Assessed value
$71,200
Assessed 2023
Previous assessed
$62,160
+14.5% YoY
Effective rate
2.47%
On assessed value
Assessed land
$6,920
Assessed improvement
$64,280
Land market value
$17,300
Improvement market value
$160,700
Total market value
$178,000
Applied tax rate
43.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1973
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
2
Total area
1,846 SF
Lot
0.34 ac (14,810 SF)
APN
043091B D 02100
UPID
US80-3175136
Jurisdiction
HUMPHREYS
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
1973
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
0.34 ac
Current owner
From public records · entity-resolved
Dr George T Mathai PLLC
Individual
Free & Clear · 2 yrs held
Mailing address
451 HWY 13TH S, WAVERLY, TN 37185-2109
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2024
$135,000
Dr George T Mathai PLLC
Humphreys County Community Health S
Special Warranty Deed
—
Nov 2, 2020
—
Humphreys Cnty Cmnty Health Sv
—
Deed
related
$375,000 · Private Individual
May 1, 2018
—
Health Services INC
—
Deed Of Trust
related
$374,900 · Miscellaneous Govt Agcy
Aug 7, 2008
$2,950,000
Cnty Cmnty Health Sv Humphreys
Three Rivers Hospital Group
Grant Deed
—
Aug 7, 2008
—
Cnty Cmnty Health Sv Humphreys
Three Rivers Hospital Group
Deed Of Trust
related
$3,750,000 · Union Bank
May 25, 1994
$60,000
Samuel Richard Heflin JR
Unknown
Grant Deed
—
—
—
Humphreys Cnty Cmnty Health Sv
—
Loan Modification
related
$375,000 · Private Individual
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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