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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Assisted living facilities
309 Main St Red Boiling Springs, TN 37150-2149
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US80-0568344
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1958
Total area
22,788 SF
Lot
13.5 ac (588,060 SF)
APN
056046H B 00300
UPID
US80-0568344
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
-
The Palace Health Care and Rehabilitation Center Rehabilitation Center Nursing Home
-
Genesis Health Care - Under new ownership Home Health Care Service
-
Patsy Sisco Physician
-
Tara Asberry Physician
-
Bilbrey PARK Park
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$750k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$750k
Owner & transaction history
Red Boiling Springs Tn Propco · 6 yrs held
Red Boiling Springs Tn Propco
since 2019
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 Red Boiling Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Red Boiling Springs 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
by Request
ML approach
$750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,070,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$750k
Range $675k – $825k · ±10%
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
$33 / 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 2019Property tax & assessments
Tax year 2019
Tax billed
$49,828
Tax year 2019
Assessed value
$1,784,360
Assessed 2023
Previous assessed
$1,328,760
+34.3% YoY
Effective rate
2.79%
On assessed value
Assessed land
$94,520
Assessed improvement
$1,689,840
Land market value
$236,300
Improvement market value
$4,224,600
Total market value
$4,460,900
Applied tax rate
56.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1958
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
1
Bathrooms
65
Total area
22,788 SF
Lot
13.5 ac (588,060 SF)
APN
056046H B 00300
UPID
US80-0568344
Jurisdiction
MACON
Zoning & alternative use
Zoning · permitted uses
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
WAREHOUSE, STORAGE
Est. value
$1.1M
WAREHOUSE, STORAGE
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
1958
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Bathrooms
65
Lot
13.5 ac
Current owner
From public records · entity-resolved
Red Boiling Springs Tn Propco
Individual
Mailing address
PO BOX 150, RED BOILING SPRINGS, TN 37150-0150
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2024
—
Red Boiling Springs Tn Propco LLC
—
Deed
related
$400,000,000 · Monticelloam Funding Sh-77 LLC
Dec 4, 2020
—
Red Boiling Springs Tn Propco
—
Deed
related
$747,127 · Merchants Bk/in
Nov 5, 2019
$5,000,000
Red Boiling Springs Tn Propco
Hkj Ent Ptshp Ltd
Grant Deed
$4,024,000 · Dwight Cap
Feb 15, 2018
—
Hkj Ent Ptshp Ltd LLP
—
Loan Modification
related
$45,459,555 · Other Institutional Lenders
Nov 13, 2012
—
Hkj Ent Ptshp Ltd LLP
—
Deed Of Trust
related
$8,500,000 · General Electric Capital Corp
Aug 2, 2011
—
Hkj Ent Ptshp Ltd LLP
—
Deed Of Trust
related
$56,455,000 · General Electric Capital Corp
Apr 1, 2010
—
Hkj Ent Ptshp Ltd LLP
International Health Care Prop
Quit Claim Deed
—
Apr 1, 2010
$6,600,000
Hkj Ent Ptshp Ltd LLP
International Health Care Prop
Warranty Deed
$4,875,000 · Bank Of Oklahoma
—
—
Hkj Ent Ptshp Ltd LLP
—
Deed Of Trust
related
—
—
—
Red Boiling Springs Tn Propco
—
Deed Of Trust
related
$747,127 · Merchants Bk/in
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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