Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,710,000
Office Spaces
307 11th St Columbia, TN 38401-3603
Entity Owned
3-yr Hold
Free & Clear
Property ID
US80-1417381
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1945
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,250 SF
Lot
0.23 ac (10,019 SF)
Zoning code
IG
APN
060100E E 01900
UPID
US80-1417381
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
-
Columbia Arts Building by Columbia1st Theater & Performing Art Venue
-
Columbia School of Performing Arts Training Center
-
CAB Movement Gym & Fitness Center
-
Muletown Collective Coworking & Hybrid Office
-
Salvage Darling Home Decor Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.57M
CAP Approach
CAP
$1.57M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.71M
Owner & transaction history
307 W11 LLC · 3 yrs held
307 W11 LLC
since 2022
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
IG · Columbia, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.7M
+51.5%
Retail stores
$1.3M
+14.7%
Auto repair, garage
$1.2M
+10.0%
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
$1,635,000
ML approach
$1,565,000
CAP Approach
CAP Return
Estimation
6%
$1,700,000
6.5%
$1,570,000
7%
$1,455,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,125,000
Current use
MEDICAL BUILDING
$1,700,000
Change: +52% · Conversion: Easy
RETAIL STORES
$1,290,000
Change: +15% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,235,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$1.71M
Range $1.54M – $1.88M · ±10% · vs last sale $1.89M (Sep 22 2022)
Last sale anchor
$1.89M
Sep 22 2022
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
$152 / 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
$3,456
Tax year 2023
Assessed value
$126,360
Assessed 2023
Previous assessed
$126,360
+0.0% YoY
Effective rate
2.74%
On assessed value
Assessed land
$20,800
Assessed improvement
$105,560
Land market value
$52,000
Improvement market value
$263,900
Total market value
$315,900
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1945
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Bathrooms
1
Total area
11,250 SF
Lot
0.23 ac (10,019 SF)
Zoning code
IG
APN
060100E E 01900
UPID
US80-1417381
Jurisdiction
MAURY
Zoning & alternative use
IG · Columbia, TNZoning IG · permitted uses
IG · Columbia, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.7M
RETAIL STORES
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
1945
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
307 W11 LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1330 COLUMBIA AVE, FRANKLIN, TN 37064-3621
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2022
—
307 W11 LLC
Develop Nashville LLC
Quit Claim Deed
related
—
May 25, 2022
$1,885,000
Develop Nashville LLC
Columbia Arts Building LLC
Warranty Deed
$1,425,000 · Firstbank
Dec 22, 2021
—
Columbia Arts Building LLC
Holly B Freeman
Quit Claim Deed
related
$379,000 · Tristar Bank
Sep 2, 2020
—
Holly B Freeman
Robert L Freeman
Quit Claim Deed
related
$319,290 · Robert L Freeman
Sep 13, 2019
—
Robert L Freeman
—
Trustees Deed
related
$232,839 · John P JR Veith
Dec 3, 2018
—
Montrae Q Osborne
—
Grant Deed
related
$1,167,250 · Bank Of Frankewing
Sep 16, 2016
$325,000
Robert L Freeman
Maggi,ronald & Rita T
Warranty Deed
$285,000 · Ronald & Rita T Maggi
May 18, 2007
$89,900
Rita T Maggi
Baker,john L
Warranty Deed
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 307 11th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
