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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Warehouses
310 Newman Dr Cookeville, TN 38501-4127
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-0458737
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1970
Total area
5,568 SF
Lot
0.84 ac (36,590 SF)
APN
071066 00202
UPID
US80-0458737
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
-
Willow Window Hardware & Home Improvement Interior Design
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$670k
CAP Approach
CAP
$685k
Comparable Approach
Comparable
$527k
Blend (final)
Blend
$565k
Owner & transaction history
Jonathan Norris · 3 yrs held
Jonathan Norris
since 2022
Last sale
$500,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$735,000
+86.5%
Retail stores
$650,000
+64.7%
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 Cookeville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cookeville 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
$685,000
ML approach
$670,000
CAP Approach
CAP Return
Estimation
6%
$740,000
6.5%
$685,000
7%
$635,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$395,000
Current use
COMMERCIAL (GENERAL)
$735,000
Change: +86% · Conversion: Difficult
RETAIL STORES
$650,000
Change: +65% · Conversion: Moderate
Blend value · Realmo final
$565k
Range $509k – $622k · ±10% · vs last sale $500k (Aug 10 2022)
Last sale anchor
$500k
Aug 10 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
$101 / 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
$5,407
Tax year 2022
Assessed value
$207,000
Assessed 2023
Previous assessed
$164,240
+26.0% YoY
Effective rate
2.61%
On assessed value
Assessed land
$80,000
Assessed improvement
$127,000
Land market value
$200,000
Improvement market value
$317,500
Total market value
$517,500
Applied tax rate
71.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1970
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Bathrooms
1
Total area
5,568 SF
Lot
0.84 ac (36,590 SF)
APN
071066 00202
UPID
US80-0458737
Jurisdiction
PUTNAM
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 Current
Est. value
$395,000
COMMERCIAL (GENERAL)
Est. value
$735,000
RETAIL STORES
Est. value
$650,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
1970
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0.84 ac
Current owner
From public records · entity-resolved
Jonathan Norris
Individual
Mailing address
310 NEWMAN DR, COOKEVILLE, TN 38501-4127
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2022
$500,000
Jonathan Norris
John D Stites II
Warranty Deed
$405,516 · One Bank Of Tennessee
Aug 9, 2022
—
Times Square
John D Stites II
Intrafamily Transfer
related
—
Oct 15, 2020
$400,000
John D Stites II
Manuel Edwards
Warranty Deed
$573,750 · First Horizon Bk
Mar 26, 2019
—
Manuel Edwards
—
Deed
related
$249,000 · Citizens Bk
Jan 9, 2019
$360,000
Manuel Edwards
Bock,john & Charlotte
Warranty Deed
$249,000 · Citizens Bk
Oct 30, 2002
$575,000
Scott T Davison
Hall,james N & C
Grant Deed
—
—
—
Manuel Edwards
—
Deed Of Trust
related
$249,000 · Citizens Bk
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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