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Property profile & analytics
OFF-MARKET
Estimated value
$905,000
Office Spaces
320 Congress N Pkwy Athens, TN 37303-1612
Individually Owned
3-yr Hold
Free & Clear
Property ID
US80-1360761
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,974 SF
Lot
1.53 ac (66,647 SF)
Zoning code
B-4
APN
054047E A 02600
UPID
US80-1360761
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
-
Natural Resource Conservation County Government Office
-
USDA Rural Development Urban Planning Department
-
Usda Farm Services Agency Sustainability Organization
-
McMinn County SCD Government Office
-
Perez Spa Health Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$777k
Blend (final)
Blend
$905k
Owner & transaction history
Patrick M Loftis · 3 yrs held
Patrick M Loftis
since 2022
Last sale
$870,000
7 recorded transactions
Zoning & alternative use
B-4 · Athens, 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 Athens submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Athens 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
$1,045,000
ML approach
$1,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$905k
Range $815k – $996k · ±10% · vs last sale $870k (Nov 29 2022)
Last sale anchor
$870k
Nov 29 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
$151 / 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
$4,755
Tax year 2023
Assessed value
$227,520
Assessed 2023
Previous assessed
$196,360
+15.9% YoY
Effective rate
2.09%
On assessed value
Assessed land
$37,280
Assessed improvement
$190,240
Land market value
$93,200
Improvement market value
$475,600
Total market value
$568,800
Applied tax rate
54.0000
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
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
4
Total area
5,974 SF
Lot
1.53 ac (66,647 SF)
Zoning code
B-4
APN
054047E A 02600
UPID
US80-1360761
Jurisdiction
MCMINN
Zoning & alternative use
B-4 · Athens, TN
Zoning B-4 · permitted uses
B-4 · Athens, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Athens. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
4
Lot
1.53 ac
Current owner
From public records · entity-resolved
Patrick M Loftis
Individual
Free & Clear · 3 yrs held
Mailing address
PO BOX 786, TIPTON, CA 93272-0786
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
Nov 29, 2022
$870,000
Patrick M Loftis
309 Church Street LLC
Warranty Deed
—
Dec 11, 2006
—
309 Church Street LLC
Melville,jake V
Quit Claim Deed
related
—
Sep 8, 2006
—
Jake V Melville
Melville Family Trust
Quit Claim Deed
related
—
Aug 28, 2006
$575,990
Melville Family Trust
Praco Properties LLC
Warranty Deed
$415,000 · Standard Insurance Co
Mar 20, 1995
$25,000
Harry Minge
Unknown,
Grant Deed
$277,207 · Tindells INC
Sep 6, 1994
$25,000
Harry And Minge
Unknown,
Grant Deed
$19,561 · Tindells INC
Dec 7, 1990
$25,000
Harry E Minge
Unknown
Grant 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.
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