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Property profile & analytics
OFF-MARKET
Turn key restaurants
32 Broad St Cookeville, TN 38501-2572
Entity Owned
7-yr Hold
Free & Clear
Property ID
US80-0927797
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,400 SF
Lot
0.06 ac (2,640 SF)
Zoning code
BD
APN
071053G E 02800
UPID
US80-0927797
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
-
Seven Senses Food & Cheer Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Holdings Albrecht · 7 yrs held
Holdings Albrecht
since 2018
7 recorded transactions
Zoning & alternative use
BD · Cookeville, TN
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,834
Tax year 2022
Assessed value
$86,080
Assessed 2023
Previous assessed
$86,080
+0.0% YoY
Effective rate
3.29%
On assessed value
Assessed land
$26,000
Assessed improvement
$60,080
Land market value
$65,000
Improvement market value
$150,200
Total market value
$215,200
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
2
Total area
2,400 SF
Lot
0.06 ac (2,640 SF)
Zoning code
BD
APN
071053G E 02800
UPID
US80-0927797
Jurisdiction
PUTNAM
Zoning & alternative use
BD · Cookeville, TNZoning BD · permitted uses
BD · Cookeville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Supplemental Regulations
Building & site characteristics
From public records
Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
0.06 ac
Current owner
From public records · entity-resolved
Holdings Albrecht
Entity
Free & Clear · 7 yrs held
Mailing address
1560 COUNTRY CLB PL, COOKEVILLE, TN 38501-2062
Ownership since
2018
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
Dec 12, 2025
—
Albrecht Holdings
—
Deed
related
$150,000 · Smartbank
Oct 28, 2025
—
Albrecht Holdings
—
Deed
related
$175,000 · Smartbank
Mar 14, 2024
—
Albrecht Holdings
—
Deed
related
$150,000 · Smartbank
Dec 27, 2018
—
Holdings Albrecht
Albrecht,joseph P
Quit Claim Deed
related
—
Dec 11, 2015
—
Joseph P Albrecht JR
Albrecht,seanaree
Quit Claim Deed
related
—
Jan 15, 2013
$225,000
Joseph P Albrecht JR.
Allen,james M
Warranty Deed
related
$168,750 · Progressive Savings Bank
Mar 15, 2012
$100,000
James M Allen
Brown,scott & Nancy
Warranty Deed
related
$140,000 · First National Bank Tn
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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