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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Office Spaces
31st Hwy Hwy, White House, TN 37188
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-1180634
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1989
Total area
7,000 SF
Lot
0.7 ac (30,492 SF)
Zoning code
C2
APN
083097 03602
UPID
US80-1180634
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$810k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$612k
Blend (final)
Blend
$620k
Owner & transaction history
Matthew Arnett · 4 yrs held
Matthew Arnett
since 2021
Last sale
$610,000
7 recorded transactions
Zoning & alternative use
C2 · White House, TN
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 White House submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs White House 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
$770,000
ML approach
$810,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$905,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$620k
Range $558k – $682k · ±10% · vs last sale $610k (Jul 26 2021)
Last sale anchor
$610k
Jul 26 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
$89 / 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
$5,024
Tax year 2023
Assessed value
$140,000
Assessed 2023
Previous assessed
$140,000
+0.0% YoY
Effective rate
3.59%
On assessed value
Assessed land
$80,560
Assessed improvement
$59,440
Land market value
$201,400
Improvement market value
$148,600
Total market value
$350,000
Applied tax rate
83.0000
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
1989
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
5
Bathrooms
4
Total area
7,000 SF
Lot
0.7 ac (30,492 SF)
Zoning code
C2
APN
083097 03602
UPID
US80-1180634
Jurisdiction
SUMNER
Zoning & alternative use
C2 · White House, TN
Zoning C2 · permitted uses
C2 · White House, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
White House. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$905,000
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
1989
Heating
YES
Cooling
Yes
Stories
1
Units
5
Bathrooms
4
Lot
0.7 ac
Current owner
From public records · entity-resolved
Matthew Arnett
Individual
Mailing address
2228 HWY 31ST WE, WHITE HOUSE, TN 37188-7907
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2021
$610,000
Matthew Arnett
Ronald J Harrell
Warranty Deed
$488,000 · Cogent Bank
Jun 11, 2009
—
Ronald J Harrell
—
Trustees Deed
related
$50,000 · Banktennessee
Sep 10, 1990
$90,000
Ronald J Harrell
Unknown
Grant Deed
—
Apr 6, 1988
$35,000
James A Moore
Unknown,
Grant Deed
—
—
—
Ronald J Harrell
—
Deed Of Trust
related
—
—
—
Ronald J Harrell
—
Loan Modification
related
$500,000 · Reliant Bk
—
—
Ronald J Harrell
—
Deed Of Trust
related
$412,075 · Banktennessee
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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