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Property profile & analytics
OFF-MARKET
Estimated value
$1,390,000
Medical Office Space
262 Cherokee Professional Park 286 Maryville, TN 37804-5153
Trust Owned
2-yr Hold
Free & Clear
Property ID
US80-1123930
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1996
Total area
5,144 SF
Lot
3.01 ac (131,116 SF)
Zoning code
CC
APN
005058B A 01501
UPID
US80-1123930
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
-
Dynamic Therapy Medical Clinic
-
Barbara R. Lasater, LMT Physician
-
Lauren C. Passarello, LMFT Marriage Or Relationship Counselor
-
Calvert Marasigan Physician
-
Benjamin Lotivio Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.50M
CAP Approach
CAP
$890k
Comparable Approach
Comparable
$1.46M
Blend (final)
Blend
$1.39M
Owner & transaction history
The David A Shanks Living Trust · 2 yrs held
The David A Shanks Living Trust
since 2023
Last sale
$1.9M
3 recorded transactions
Zoning & alternative use
CC · Maryville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.2M
+17.6%
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 Maryville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Maryville 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
$1,460,000
ML approach
$1,495,000
CAP Approach
CAP Return
Estimation
6%
$965,000
6.5%
$890,000
7%
$830,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,040,000
Current use
RESTAURANT
$1,225,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$1.39M
Range $1.25M – $1.53M · ±10% · vs last sale $1.88M (Oct 16 2023)
Last sale anchor
$1.88M
Oct 16 2023
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
$270 / 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
$18,497
Tax year 2022
Assessed value
$813,080
Assessed 2023
Previous assessed
$748,880
+8.6% YoY
Effective rate
2.27%
On assessed value
Assessed land
$192,480
Assessed improvement
$620,600
Land market value
$481,200
Improvement market value
$1,551,500
Total market value
$2,032,700
Applied tax rate
5.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1996
Heating
YES
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Units
1
Bathrooms
7
Total area
5,144 SF
Lot
3.01 ac (131,116 SF)
Zoning code
CC
APN
005058B A 01501
UPID
US80-1123930
Jurisdiction
BLOUNT
Zoning & alternative use
CC · Maryville, TN
Zoning CC · permitted uses
CC · Maryville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Maryville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.0M
RESTAURANT
Est. value
$1.2M
MEDICAL BUILDING Current
RESTAURANT
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
1996
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Units
1
Bathrooms
7
Lot
3.01 ac
Current owner
From public records · entity-resolved
The David A Shanks Living Trust
Trust
Free & Clear · 2 yrs held
Mailing address
262 CHEROKEE PROFESSIONAL PARK, MARYVILLE, TN 37804-5153
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2023
—
The David A Shanks Living Trust
David A Shanks
Quit Claim Deed
related
—
Dec 30, 2014
$725,000
Ayc LLC
Ivens Family Ptshp
Warranty Deed
—
Dec 30, 2014
$1,875,000
David A Shanks
Ivens Family Ptshp
Warranty Deed
$1,593,750 · Branch Bk&tr
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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