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Property profile & analytics
OFF-MARKET
Estimated value
$1,215,000
Office buildings
2851 Stage Vlg Cv, Bartlett, TN 38134-4683
Trust Owned
Free & Clear
Property ID
US80-0680299
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Total area
10,608 SF
Lot
0.91 ac (39,422 SF)
Zoning code
O-C
APN
B01-57Y- -A-00006
UPID
US80-0680299
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
-
Rachel Wheatley McWaters & Associates, REALTORS Real Estate Agency
-
Billings Home Group with McWaters & Associates Real Estate Agency
-
Elizabeth Mills Physician
-
David W Apperson Real Estate Broker-McWaters and Associates, Realtors Real Estate Agency
-
Edward Sharp, McWaters & Associates Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.23M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$731k
Blend (final)
Blend
$1.22M
Owner & transaction history
Arant Family Joint Revocable Trust
Arant Family Joint Revocable Trust
since 2025
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
O-C · Bartlett, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.5M
+60.1%
Auto repair, garage
$1.0M
+8.5%
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 Bartlett submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bartlett 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
$1,160,000
ML approach
$1,225,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$950,000
Current use
MEDICAL BUILDING
$1,515,000
Change: +60% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,030,000
Change: +9% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$945,000
Change: 0% · Conversion: Easy
RETAIL STORES
$880,000
Change: -7% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$780,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.22M
Range $1.09M – $1.34M · ±10% · vs last sale $1.48M (Feb 11 2025)
Last sale anchor
$1.48M
Feb 11 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
$115 / 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
$7,154
Tax year 2022
Assessed value
$211,040
Assessed 2023
Previous assessed
$211,040
+0.0% YoY
Effective rate
3.39%
On assessed value
Assessed land
$23,680
Assessed improvement
$187,360
Land market value
$59,200
Improvement market value
$468,400
Total market value
$527,600
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1986
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
10,608 SF
Lot
0.91 ac (39,422 SF)
Zoning code
O-C
APN
B01-57Y- -A-00006
UPID
US80-0680299
Jurisdiction
SHELBY
Zoning & alternative use
O-C · Bartlett, TN
Zoning O-C · permitted uses
O-C · Bartlett, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bartlett. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$950,000
MEDICAL BUILDING
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$945,000
RETAIL STORES
Est. value
$880,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$780,000
OFFICE BUILDING Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1986
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.91 ac
Current owner
From public records · entity-resolved
Arant Family Joint Revocable Trust
Trust
Free & Clear · 0 yrs held
Mailing address
2851 STAGE VLG CV STE #2, BARTLETT, TN 38134-4683
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2025
—
Arant Family Joint Revocable Trust
2851 Stage Village Series
Quitclaim Deed
related
—
Feb 11, 2025
—
2851 Stage Village Series Of Covena
Lindsay Goodson Arant
Quitclaim Deed
related
—
Jul 26, 2024
$1,478,000
Allen Arant
Commercial Bank & Trust
Warranty Deed
$1,182,400 · Commercial Bank & Trust Company
Aug 30, 2023
—
Steven Mcwaters Lee
Lee S Mcwaters
Intrafamily Transfer
related
—
May 19, 2010
—
Mcwater William A JR Living Trust
Mcwaters,william A JR & Louise S
Quit Claim Deed
related
—
Mar 7, 2007
—
Lee S Mcwaters
Mcwaters,anne M
Quit Claim Deed
related
—
Feb 2, 2000
—
William A Mcwaters
Mcwaters Properties LLC
Quit Claim 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.
Try Rey
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