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Property profile & analytics
OFF-MARKET
Estimated value
$6,205,000
Assisted living facilities
444 1st 11th Pl Cookeville, TN 38506-4358
Entity Owned
1-yr Hold
Free & Clear
Property ID
US80-1334880
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
42,004 SF
Lot
8.63 ac (375,923 SF)
Zoning code
CM
APN
071052P A 00200
UPID
US80-1334880
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
-
Nicole L. Sullivan, COTA Physician
-
Hubert R. Lee Jr, MS Physician
-
AHC Bethesda Nursing Home
-
Samantha Johnson, PTA Physician
-
Rosemarie J. Lee, PTA Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.21M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.21M
Owner & transaction history
444 One Eleven Place Tn LLC · 1 yrs held
444 One Eleven Place Tn LLC
since 2024
Last sale
$6.2M
3 recorded transactions
Zoning & alternative use
CM · 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
$6,205,000
ML approach
$6,205,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,455,000
Change: 0% · Conversion: Difficult
RESTAURANT
$4,080,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$3,775,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$6.21M
Range $5.58M – $6.83M · ±10% · vs last sale $6.21M (Dec 9 2024)
Last sale anchor
$6.21M
Dec 9 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
$101,282
Tax year 2022
Assessed value
$2,323,200
Assessed 2023
Previous assessed
$3,076,600
-24.5% YoY
Effective rate
4.36%
On assessed value
Assessed land
$259,000
Assessed improvement
$2,064,200
Land market value
$647,500
Improvement market value
$5,160,500
Total market value
$5,808,000
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
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
1
Bathrooms
64
Total area
42,004 SF
Lot
8.63 ac (375,923 SF)
Zoning code
CM
APN
071052P A 00200
UPID
US80-1334880
Jurisdiction
PUTNAM
Zoning & alternative use
CM · Cookeville, TN
Zoning CM · permitted uses
CM · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$4.5M
RESTAURANT
Est. value
$4.1M
RETAIL STORES
Est. value
$3.8M
COMMERCIAL (GENERAL)
RESTAURANT
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
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Bathrooms
64
Lot
8.63 ac
Current owner
From public records · entity-resolved
444 One Eleven Place Tn LLC
Entity
Free & Clear · 1 yrs held
Mailing address
201 JORDAN RD, FRANKLIN, TN 37067-4495
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2024
$6,206,000
444 One Eleven Place Tn LLC
Bethesda Propco LLC
Special Warranty Deed
—
Apr 21, 2021
—
Bethesda Propco LLC
—
Deed
related
—
Apr 14, 2021
—
Bethesda Propco LLC
Cookeville Long Term Facility LLC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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