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Property profile & analytics
OFF-MARKET
Estimated value
$1,550,000
Retail space
41 Broad St Cookeville, TN 38501-2573
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US80-0313978
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1920
Total area
10,476 SF
Lot
0.18 ac (7,896 SF)
Zoning code
BD
APN
071053G B 00700
UPID
US80-0313978
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
-
Harper's Rare Books & Collectibles (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.55M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.21M
Blend (final)
Blend
$1.55M
Owner & transaction history
Ironstone Capital LLC · 1 yrs held
Ironstone Capital LLC
since 2024
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
BD · Cookeville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Supplemental Regulations
Top alternative use upside
Commercial (general)
$1.4M
+13.2%
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
$1,550,000
ML approach
$1,550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,220,000
Current use
COMMERCIAL (GENERAL)
$1,385,000
Change: +13% · Conversion: Easy
Blend value · Realmo final
$1.55M
Range $1.40M – $1.71M · ±10% · vs last sale $1.55M (Sep 18 2024)
Last sale anchor
$1.55M
Sep 18 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
$148 / 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
$5,797
Tax year 2022
Assessed value
$301,440
Assessed 2023
Previous assessed
$301,440
+0.0% YoY
Effective rate
1.92%
On assessed value
Assessed land
$63,800
Assessed improvement
$237,640
Land market value
$159,500
Improvement market value
$594,100
Total market value
$753,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1920
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
2
Total area
10,476 SF
Lot
0.18 ac (7,896 SF)
Zoning code
BD
APN
071053G B 00700
UPID
US80-0313978
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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.4M
RETAIL STORES Current
COMMERCIAL (GENERAL)
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
1920
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
0.18 ac
Current owner
From public records · entity-resolved
Ironstone Capital LLC
Entity
Mailing address
370 S PO BOX 1482ND AVEA218, COOKEVILLE, TN 38503-1482
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 18, 2024
$1,550,000
Ironstone Capital LLC
James Fleming Walker
Warranty Deed
$1,240,000 · One Bank Of Tennessee
Sep 17, 2024
—
James Fleming Walker
James E Burch
Intrafamily Transfer
related
$1,240,000 · One Bank Of Tennessee
Apr 24, 2023
—
James Fleming Walker
W James Fleming
Correction Deed
related
—
Mar 8, 2023
—
James Fleming Walker
W James Fleming
Intrafamily Transfer
related
—
Oct 15, 2009
$80,000
Allison P Dudney
Hall,edna E
Warranty Deed
$110,500 · Jackson Bank & Trust Cookevlle
Sep 15, 2006
—
Putnam County 39 W Broad Trust
Fleming,w James
Grant Deed
related
—
Apr 11, 2006
$315,000
W J Fleming
G & H Ptshp
Warranty Deed
—
Dec 28, 1999
—
G & H Partnership
G & H LLC
Quit Claim Deed
related
—
May 17, 1999
$105,000
G & H LLC
Suntrust Bank Tr
Grant Deed
—
—
—
Putnam County 39 W Broad Trust
—
Deed Of Trust
related
$345,000 · First National Bank Tn
—
—
Burch James E Tr
—
Deed Of Trust
related
$100,000 · 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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