New search
Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Office Spaces
348 Calderwood St, Alcoa, TN 37701-2108
Entity Owned
1-yr Hold
Free & Clear
Property ID
US80-1695718
Property summary
AI-generated overview
This single-tenant office space, located at 348 S Calderwood St in Alcoa, Tennessee, offers 1,611 square feet of versatile commercial space. The property, situated on a 0.66-acre lot, is zoned for commercial use and features a traditional office layout. Originally built in 1981, the building underwent renovations in 2015, ensuring a modern and functional workspace. The property's APN is 046M A 009.00, and it's located in Blount County, Tennessee, zip code 37701. The entire 1,611 square feet is currently vacant, providing a smooth transition for a new tenant. Potential uses for the space include retail, office, or restaurant operations, subject to owner approval. This presents a unique opportunity for businesses seeking a well-maintained, conveniently located office space in Alcoa. The property's location offers easy access to local amenities and transportation routes. Interested parties should be prepared to submit a proposal for the owner's review and approval of intended use.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,611 SF
Lot
0.66 ac (28,750 SF)
Zoning code
E
APN
005046M A 00900
UPID
US80-1695718
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
-
Advance Financial Loan Service
-
Western Union Bank Credit Union
-
Bitstop Bitcoin ATM Crypto Atm Atm
-
Action 24/7 Betting Agency Gambling House
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$523k
Blend (final)
Blend
$525k
Owner & transaction history
Rm Ira LLC · 1 yrs held
Rm Ira LLC
since 2024
Last sale
$523,350
7 recorded transactions
Zoning & alternative use
E · Alcoa, 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 Alcoa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alcoa 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
$525,000
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$325,000
Current use
MEDICAL BUILDING
$325,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$525k
Range $473k – $578k · ±10% · vs last sale $523k (Jul 8 2024)
Last sale anchor
$523k
Jul 8 2024
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
$326 / 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
$9,814
Tax year 2022
Assessed value
$207,040
Assessed 2023
Previous assessed
$207,040
+0.0% YoY
Effective rate
4.74%
On assessed value
Assessed land
$82,480
Assessed improvement
$124,560
Land market value
$206,200
Improvement market value
$311,400
Total market value
$517,600
Applied tax rate
5.0000
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
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
2
Total area
1,611 SF
Lot
0.66 ac (28,750 SF)
Zoning code
E
APN
005046M A 00900
UPID
US80-1695718
Jurisdiction
BLOUNT
Zoning & alternative use
E · Alcoa, TN
Zoning E · permitted uses
E · Alcoa, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alcoa. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$325,000
MEDICAL BUILDING
Est. value
$325,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
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
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
0.66 ac
Current owner
From public records · entity-resolved
Rm Ira LLC
Entity
Free & Clear · 1 yrs held
Mailing address
65 WILDWOOD DR, SYOSSET, NY 11791-1215
Ownership since
2024
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 8, 2024
$523,350
Rm Ira LLC
Novick Martin Estate
Warranty Deed
—
Nov 5, 2018
$540,000
Martin Novick
Af Nnn2 LLC
Warranty Deed
—
Mar 7, 2017
$430,000
Af Nnn2 LLC
Harpeth Financial Services LLC
Warranty Deed
—
Mar 7, 2017
—
Bryan D Spicer
—
Deed
related
$430,000 · First Bank
Oct 3, 2016
$420,000
Harpeth Financial
Jak Holdings LLC
Warranty Deed
—
Apr 9, 2015
$250,000
Jak Holdings LLC
Fpm LLC
Warranty Deed
$200,000 · Regions Bank
Nov 2, 2012
$140,000
Fpm LLC
Taco Bell Of America INC
Warranty 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 348 Calderwood St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
