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Property profile & analytics
OFF-MARKET
Estimated value
$1,185,000
Office Spaces
3540 Tomlin Rd Somerville, TN 38068-5734
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-3410565
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2011
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,125 SF
Lot
1 ac (43,560 SF)
Zoning code
B2
APN
024087 01800
UPID
US80-3410565
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
-
Cornerstone Learning Center – Oakland Training Center Tutoring Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.28M
CAP Approach
CAP
$1.27M
Comparable Approach
Comparable
$742k
Blend (final)
Blend
$1.19M
Owner & transaction history
Wolf River Properties LLC · 4 yrs held
Wolf River Properties LLC
since 2021
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
B2 · Somerville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Retail stores
$970,000
+87.4%
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 Somerville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Somerville 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
$1,345,000
ML approach
$1,275,000
CAP Approach
CAP Return
Estimation
6%
$1,370,000
6.5%
$1,265,000
7%
$1,175,000
Alternative Use
Use
Estimation
RETAIL STORES
$970,000
Change: +87% · Conversion: Easy
Blend value · Realmo final
$1.19M
Range $1.07M – $1.30M · ±10% · vs last sale $1.00M (Aug 3 2021)
Last sale anchor
$1.00M
Aug 3 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
$146 / 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
Property tax & assessments
Assessed value
$276,440
Assessed 2023
Previous assessed
$276,440
+0.0% YoY
Assessed land
$33,000
Assessed improvement
$243,440
Land market value
$82,500
Improvement market value
$608,600
Total market value
$691,100
Applied tax rate
24.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2011
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Bathrooms
6
Total area
8,125 SF
Lot
1 ac (43,560 SF)
Zoning code
B2
APN
024087 01800
UPID
US80-3410565
Jurisdiction
FAYETTE
Zoning & alternative use
B2 · Somerville, TNZoning B2 · permitted uses
B2 · Somerville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$970,000
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
2011
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
6
Lot
1 ac
Current owner
From public records · entity-resolved
Wolf River Properties LLC
Entity
Mailing address
2471 LENNOX DR, GERMANTOWN, TN 38138-4927
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
Aug 3, 2021
$1,000,000
Wolf River Properties LLC
Educational Investments LLC
Warranty Deed
$800,000 · Financial Federal Bank
Jun 1, 2020
—
Educational Investments LLC
Macon Road Baptist Ch Of Memphis
Quit Claim Deed
related
—
Feb 25, 2016
—
Rebecca Pounders
Pounders,sherman J
Quit Claim Deed
related
—
Mar 11, 2013
—
Macon Road Baptist Ch Of Memphis
Mr Developers LLC
Quit Claim Deed
related
—
Dec 2, 2011
$95,000
Mr Developers LLC
Moghim,fred
Warranty Deed
—
Nov 30, 2004
$165,000
Fred Moghim
Doyle,margaret J
Warranty Deed
—
Mar 9, 1992
$44,300
Raymond S Craig
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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