Technical
Financial
Distress signals
Property profile

303 Lk Dr Somerville, TN 38068

OFF-MARKET
Office Spaces
Property ID
US80-0536829
1,200 SF 0.1 ac lot Built 1976
Individually Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1976
Total area 1,200 SF
Lot 0.1 ac (4,180 SF)
Zoning code B2
APN 024090B A 06500
UPID US80-0536829

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

303 Lk Dr Somerville, TN 38068-9721
Somerville metro Census 60501 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$115k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$105k

Owner & transaction history

since 2022
Last sale
$86,500
5 recorded transactions
2022
$86,500
2021
$30,000
2019
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

B2 · Somerville, TN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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