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Property profile & analytics
OFF-MARKET
Estimated value
$1,530,000
Retail space
2500 Hospitality Ln 2524 Columbia, TN 38401-0216
Entity Owned
1-yr Hold
Free & Clear
Property ID
US80-1916327
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2001
Construction
FRAME
Total area
6,600 SF
Lot
3.15 ac (137,214 SF)
Zoning code
CEG
APN
060042 01308
UPID
US80-1916327
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.51M
CAP Approach
CAP
$1.57M
Comparable Approach
Comparable
$1.19M
Blend (final)
Blend
$1.53M
Owner & transaction history
2500hd LLC · 1 yrs held
2500hd LLC
since 2025
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
CEG · Columbia, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.0M
+32.1%
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 Columbia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Columbia 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
$1,325,000
ML approach
$1,505,000
CAP Approach
CAP Return
Estimation
6%
$1,700,000
6.5%
$1,570,000
7%
$1,460,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,000,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$1.53M
Range $1.38M – $1.68M · ±10% · vs last sale $1.80M (Jan 8 2025)
Last sale anchor
$1.80M
Jan 8 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
$232 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$21,059
Tax year 2023
Assessed value
$769,960
Assessed 2023
Previous assessed
$769,960
+0.0% YoY
Effective rate
2.74%
On assessed value
Assessed land
$285,400
Assessed improvement
$484,560
Land market value
$713,500
Improvement market value
$1,211,400
Total market value
$1,924,900
Applied tax rate
60.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2001
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Units
1
Bathrooms
10
Total area
6,600 SF
Lot
3.15 ac (137,214 SF)
Zoning code
CEG
APN
060042 01308
UPID
US80-1916327
Jurisdiction
MAURY
Zoning & alternative use
CEG · Columbia, TN
Zoning CEG · permitted uses
CEG · Columbia, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Columbia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$1.0M
MEDICAL BUILDING
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
2001
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Units
1
Bathrooms
10
Lot
3.15 ac
Current owner
From public records · entity-resolved
2500hd LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 1301, FRANKLIN, TN 37065-1301
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2025
—
2500hd LLC
Gregory T Smith
Quitclaim Deed
related
—
Jan 8, 2024
—
Gregory T Smith
—
Deed
related
$1,730,624 · Farm Credit Mid America Pca
Aug 3, 2023
—
Gregory T Smith
—
Deed
related
$2,119,924 · Farm Credit Mid America Pca
Sep 20, 2022
$1,800,000
Gregory T Smith
Robin L Mcfarlane
Warranty Deed
$1,500,000 · Wilson Bank & Trust
Mar 3, 2017
—
Robin L Mcfarlane
—
Deed
related
—
Feb 17, 2012
$900,000
Robin L Mcfarlane
First Farmers & Merchants Bank
Special Warranty Deed
$675,000 · First Farmers & Merchants Bank
May 25, 2011
$1,072,800
Farmers First
Grefseng,l Robert
Trustees Deed
related
—
Nov 4, 2005
$2,255,000
Bayshore Industrial Props INC
P & M Investment Co LLC
Warranty Deed
—
Nov 4, 2005
—
Anderson Place Properties LLC
Bayshore Industrial Props INC
Trustees Deed
$1,706,250 · First Farmers & Merchants Bank
Nov 12, 2004
$1,600,000
P & M Investment Co LLC
Powell,david W & Donna
Trustees Deed
$1,200,000 · First Farmers & Merchants Nati
Oct 12, 2001
$1,680,000
David W Etal Powell
Caughron,howard
Grant Deed
—
—
—
Robin L Mcfarlane
—
Loan Modification
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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