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Property profile & analytics
OFF-MARKET
Estimated value
$915,000
Office Spaces
2335 Andrew Johnson Hwy Morristown, TN 37814-3273
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US80-1941592
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1978
Construction
WOOD
Total area
6,904 SF
Lot
0.95 ac (41,382 SF)
APN
032041B B 00501
UPID
US80-1941592
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
-
Purkey Carter Compton Swann & Carter, PLLC Accounting Firm Tax Preparation
-
Duby Benjamin R CPA Accounting Firm Tax Preparation
-
Swann Joseph CPA Accounting Firm Tax Preparation
-
Carter Doyle CPA Accounting Firm Tax Preparation
-
Compton Jr Wilborn CPA Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$800k
Blend (final)
Blend
$915k
Owner & transaction history
Amy Hemminger · 1 yrs held
Amy Hemminger
since 2025
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 Morristown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morristown 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,370,000
Current use
Blend value · Realmo final
$915k
Range $824k – $1.01M · ±10%
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
$133 / 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
Property tax & assessments
Assessed value
$209,040
Assessed 2023
Previous assessed
$209,040
+0.0% YoY
Assessed land
$117,440
Assessed improvement
$91,600
Land market value
$293,600
Improvement market value
$229,000
Total market value
$522,600
Applied tax rate
32.0000
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
1978
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
1
Rooms
17
Bathrooms
1
Total area
6,904 SF
Lot
0.95 ac (41,382 SF)
APN
032041B B 00501
UPID
US80-1941592
Jurisdiction
HAMBLEN
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
$1.4M
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
1978
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
17
Bathrooms
1
Lot
0.95 ac
Current owner
From public records · entity-resolved
Amy Hemminger
Individual
Mailing address
PO BOX 727, MORRISTOWN, TN 37815-0727
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2025
$64,767
Amy Hemminger
Regina S Carter
Warranty Deed
—
May 4, 2022
—
Regina S Carter
—
Deed
related
$384,438 · First Horizon Bank
Apr 26, 2022
—
Regina S Carter
—
Deed
related
$384,438 · First Horizon Bank
Feb 16, 2022
$49,590
James H Mosier
Joseph M Swann
Quit Claim Deed
related
—
Jul 11, 2019
—
Wilborn C Compton JR.
Carter,doyle & Regina S
Quit Claim Deed
related
—
Jul 28, 2011
—
Doyle Carter
Carter,doyle
Quit Claim Deed
—
Jul 30, 2009
$192,500
Doyle Carter
Purkey,roger F
Quit Claim Deed
related
—
Jan 6, 1994
—
Roger E Parkey
Unknown,
Grant Deed
$218,400 · First Tenn Nat Bank Assoc
Jan 3, 1994
$68,250
Roger Etal Purkey
Unknown
Grant Deed
—
—
—
Doyle Carter
—
Deed Of Trust
related
$544,232 · Jefferson Federal 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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