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Property profile & analytics
OFF-MARKET
Office Spaces
231 Main St Hohenwald, TN 38462-1513
Individually Owned
11-yr Hold
Free & Clear
Property ID
US80-1292548
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2002
Construction
WOOD
Total area
2,160 SF
Lot
1 ac (43,560 SF)
Zoning code
C-3
APN
051035P D 00200
UPID
US80-1292548
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
-
3d Financial Loan Service
-
3D Financial Hohenwald Loan Service
-
Title Check Loans Loan Service
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
Duke Turnbow · 11 yrs held
Duke Turnbow
since 2014
7 recorded transactions
Zoning & alternative use
C-3 · Hohenwald, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
These districts are designed co provide for a wide range of commercial uses concerned with retail trade and consumer services, amusement and entertainment establishments, automotive and vehicular service establishments, transient sleeping accommodations, drive in stores, eating and drinking places, financial institutions and offices
Zone name
Corridor Commercial District
General category
COMMERCIAL
Zone area
424.84 ac
Source
Realmo
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 Hohenwald submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hohenwald 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
Property tax & assessments
Assessed value
$79,720
Assessed 2023
Previous assessed
$79,720
+0.0% YoY
Assessed land
$40,000
Assessed improvement
$39,720
Land market value
$100,000
Improvement market value
$99,300
Total market value
$199,300
Applied tax rate
51.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2002
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
1
Total area
2,160 SF
Lot
1 ac (43,560 SF)
Zoning code
C-3
APN
051035P D 00200
UPID
US80-1292548
Jurisdiction
LEWIS
Zoning & alternative use
C-3 · Hohenwald, TNZoning C-3 · permitted uses
C-3 · Hohenwald, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
These districts are designed co provide for a wide range of commercial uses concerned with retail trade and consumer services, amusement and entertainment establishments, automotive and vehicular service establishments, transient sleeping accommodations, drive in stores, eating and drinking places, financial institutions and offices
Zone name
Corridor Commercial District
General category
COMMERCIAL
Zone area
424.84 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2002
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
1 ac
Current owner
From public records · entity-resolved
Duke Turnbow
Individual
Free & Clear · 11 yrs held
Mailing address
PO BOX 601, HOHENWALD, TN 38462-0601
Ownership since
2014
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
Aug 25, 2014
$100,000
Duke Turnbow
Ameris Bk
Grant Deed
—
Mar 28, 2014
$737,687
Ameris Bk
Schell P Edward
Trustees Deed
—
Jan 10, 2014
$330,100
Royal Orange Land LLC
Foster D Matthew
Trustees Deed
—
Sep 28, 2012
—
Jerry L Frazier JR.
—
Deed Of Trust
related
$2,183,433 · Dealership Capital Ptrs LLC
Dec 22, 2009
—
Frazier,jerry L JR
—
Grant Deed
related
$1,500,000 · Rosslare Fndg
Dec 21, 2006
—
Frazier,jerry L JR
Frazier,jerry L SR
Quit Claim Deed
related
—
Aug 28, 2001
$85,000
Jerry L Frazier JR.
Adcox,david Etal
Grant 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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