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Property profile & analytics
OFF-MARKET
Estimated value
$1,245,000
Medical Office Space
404 Willow Ave Cookeville, TN 38501-2339
Individually Owned
3-yr Hold
Property ID
US80-0717201
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2017
Total area
5,160 SF
Lot
0.22 ac (9,750 SF)
Zoning code
C2
APN
071053B A 00100
UPID
US80-0717201
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
-
Dr. Thomas Gannon, DO Physician
-
Thomas Milton Gannon Physician
-
Birth Tissue Donor Services Corporate Office
-
Seeds Maternity by BTDSA Clothing & Fashion Store
-
MotusX Physical Therapy and Performance Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.24M
CAP Approach
CAP
$920k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.25M
Owner & transaction history
Birth Tissue Donor Services Of Tn I · 3 yrs held
Birth Tissue Donor Services Of Tn I
since 2023
Last sale
$1.3M
5 recorded transactions
Zoning & alternative use
C2 · Cookeville, 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 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
Method
Estimation
Statistic approach
$1,110,000
ML approach
$1,235,000
CAP Approach
CAP Return
Estimation
6%
$1,000,000
6.5%
$920,000
7%
$855,000
Blend value · Realmo final
$1.25M
Range $1.12M – $1.37M · ±10% · vs last sale $1.32M (Feb 8 2023)
Last sale anchor
$1.32M
Feb 8 2023
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
$241 / 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
$6,717
Tax year 2022
Assessed value
$411,120
Assessed 2023
Previous assessed
$204,040
+101.5% YoY
Effective rate
1.63%
On assessed value
Assessed land
$54,400
Assessed improvement
$356,720
Land market value
$136,000
Improvement market value
$891,800
Total market value
$1,027,800
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2017
Heating
YES
Cooling
YES
Stories
1
Bathrooms
1
Total area
5,160 SF
Lot
0.22 ac (9,750 SF)
Zoning code
C2
APN
071053B A 00100
UPID
US80-0717201
Jurisdiction
PUTNAM
Zoning & alternative use
C2 · Cookeville, TN
Zoning C2 · permitted uses
C2 · Cookeville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cookeville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2017
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Birth Tissue Donor Services Of Tn I
Individual
Mailing address
404 N WILLOW AVE, COOKEVILLE, TN 38501-2339
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 8, 2023
$1,320,000
Birth Tissue Donor Services Of Tn I
Thomas Gannon
Warranty Deed
$1,080,000 · One Bank Of Tennessee
Jan 6, 2012
$125,000
Thomas Gannon
Medley,paul M & Carolyn C
Warranty Deed
$100,000 · James D Watts
Nov 7, 2003
$47,000
Paul M Medley
Foutch,d James
Grant Deed
—
Sep 20, 1994
—
Walter Hopkins
Unknown,
Grant Deed
$50,000 · First Tennessee Bank National
—
—
Thomas M Gannon
—
Deed Of Trust
related
$531,250 · First Nat'l Bk/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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