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Property profile & analytics
OFF-MARKET
Estimated value
$1,215,000
Office Spaces
298 Frey St Ashland City, TN 37015-1727
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US80-0106291
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1999
Construction
WOOD
Total area
8,136 SF
Lot
2.62 ac (114,127 SF)
APN
049 02103
UPID
US80-0106291
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
-
S&S Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.26M
CAP Approach
CAP
$1.30M
Comparable Approach
Comparable
$1.56M
Blend (final)
Blend
$1.22M
Owner & transaction history
John Saltsman · 5 yrs held
John Saltsman
since 2021
Last sale
$950,000
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 Ashland City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ashland City 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
$1,280,000
ML approach
$1,260,000
CAP Approach
CAP Return
Estimation
6%
$1,405,000
6.5%
$1,295,000
7%
$1,205,000
Blend value · Realmo final
$1.22M
Range $1.09M – $1.34M · ±10% · vs last sale $950k (Feb 12 2021)
Last sale anchor
$950k
Feb 12 2021
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
$149 / 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 2018Property tax & assessments
Tax year 2018
Tax billed
$11,036
Tax year 2018
Assessed value
$312,680
Assessed 2023
Previous assessed
$312,680
+0.0% YoY
Effective rate
3.53%
On assessed value
Assessed land
$11,560
Assessed improvement
$301,120
Land market value
$28,900
Improvement market value
$752,800
Total market value
$781,700
Applied tax rate
11.0000
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
1999
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
1
Rooms
16
Bathrooms
5
Total area
8,136 SF
Lot
2.62 ac (114,127 SF)
APN
049 02103
UPID
US80-0106291
Jurisdiction
CHEATHAM
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1999
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
16
Bathrooms
5
Lot
2.62 ac
Current owner
From public records · entity-resolved
John Saltsman
Individual
Mailing address
298 FREY ST, ASHLAND CITY, TN 37015-1727
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Feb 12, 2021
$950,000
John Saltsman
Community Foundation Of Middle Tn I
Warranty Deed
$650,000 · Capstar Bank
Mar 29, 2018
$950,000
John Saltsman
Mayfield,john E
Grant Deed
—
Dec 14, 2012
—
John E Mayfield
247 Investments LLC
Quit Claim Deed
related
—
Mar 3, 2006
$750,000
247 Investments LLC
Smiley,stephen G & Patsy A
Warranty Deed
$768,000 · Community Bank & Trust Co
Dec 15, 2005
$50,000
Daniel H Reigle
Lee,robert T & Jean
Warranty Deed
—
Dec 31, 2001
$50,000
Robert T Lee
Smiley,stephen G
Grant Deed
—
Dec 1, 2000
$665,000
Stephen G Smiley
M & M Properties
Grant Deed
—
Jul 18, 1997
$220,000
Act One LLC
—
Grant Deed
related
—
Dec 31, 1993
$40,000
Rodney W Bellamy SR
Unknown
Grant Deed
—
Dec 29, 1989
$170,000
Tennessee,& Associates-v
Unknown,
Grant Deed
—
—
—
247 Investments LLC
—
Deed Of Trust
related
$768,000 · Community Bank & Trust Co
—
—
247 Investments LLC
—
Deed Of Trust
related
$768,000 · Community Bank & Trust Co
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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