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Property profile & analytics
OFF-MARKET
Estimated value
$775,000
Office Spaces
437 Ct Sq Springfield, TN 37172-2449
Entity Owned
6-yr Hold
Free & Clear
Property ID
US80-1281462
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1919
Total area
5,640 SF
Lot
0.1 ac (4,560 SF)
APN
074080J B 03600
UPID
US80-1281462
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
-
Jason Kaczmarski-Broker RE/MAX 1st Choice Real Estate Agency
-
Kim Richards, Realtor Real Estate Agency
-
Mary Orndorff Allen - The Homesteading Realtor (RE/MAX) Real Estate Agency
-
Lisa Cavin, Realtor - RE/MAX 1st Choice Real Estate Agency
-
Karen Nicholson Realtor RE/MAX 1st Choice Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$900k
Comparable Approach
Comparable
$828k
Blend (final)
Blend
$775k
Owner & transaction history
Draughon Bros Management LLC · 6 yrs held
Draughon Bros Management LLC
since 2020
2 recorded transactions
Zoning & alternative use
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 Springfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Springfield 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$975,000
6.5%
$900,000
7%
$835,000
Blend value · Realmo final
$775k
Range $698k – $853k · ±10%
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
$137 / 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
$180,280
Assessed 2023
Previous assessed
$124,920
+44.3% YoY
Assessed land
$39,840
Assessed improvement
$140,440
Land market value
$99,600
Improvement market value
$351,100
Total market value
$450,700
Applied tax rate
74.0000
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
1919
Heating
YES
Cooling
YES
Stories
1
Units
1
Rooms
12
Bathrooms
0
Total area
5,640 SF
Lot
0.1 ac (4,560 SF)
APN
074080J B 03600
UPID
US80-1281462
Jurisdiction
ROBERTSON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1919
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
12
Bathrooms
0
Lot
0.1 ac
Current owner
From public records · entity-resolved
Draughon Bros Management LLC
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 1260, SPRINGFIELD, TN 37172-1260
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 15, 2020
—
Draughon Bros Management LLC
Db Commercial LLC
Quit Claim Deed
related
—
Dec 30, 2019
—
Db Commercial LLC
LP Draughon
Quit Claim Deed
related
—
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
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