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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Office Spaces
480 1st 11th Pl Cookeville, TN 38506-4358
Trust Owned
5-yr Hold
Free & Clear
Property ID
US80-1837535
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,840 SF
Lot
1.23 ac (53,579 SF)
Zoning code
C3
APN
071052P A 00202
UPID
US80-1837535
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
-
Fidelis Financial Strategies Financial Advisor
-
Compass Advisory Partners Bank Credit Union
-
Natural Resources Conservation Sustainability Organization
-
Susan G Komen For the Cure Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$510k
CAP Approach
CAP
$600k
Comparable Approach
Comparable
$685k
Blend (final)
Blend
$540k
Owner & transaction history
Giffey,t W & 2019 Joint Trust · 5 yrs held
Giffey,t W & 2019 Joint Trust
since 2020
Last sale
$390,600
7 recorded transactions
Zoning & alternative use
C3 · Cookeville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$460,000
+18.1%
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
$535,000
ML approach
$510,000
CAP Approach
CAP Return
Estimation
6%
$650,000
6.5%
$600,000
7%
$555,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$390,000
Current use
RETAIL STORES
$460,000
Change: +18% · Conversion: Easy
Blend value · Realmo final
$540k
Range $486k – $594k · ±10% · vs last sale $391k (Nov 5 2020)
Last sale anchor
$391k
Nov 5 2020
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
$141 / 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
$5,296
Tax year 2022
Assessed value
$160,880
Assessed 2023
Previous assessed
$160,880
+0.0% YoY
Effective rate
3.29%
On assessed value
Assessed land
$44,200
Assessed improvement
$116,680
Land market value
$110,500
Improvement market value
$291,700
Total market value
$402,200
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
2
Total area
3,840 SF
Lot
1.23 ac (53,579 SF)
Zoning code
C3
APN
071052P A 00202
UPID
US80-1837535
Jurisdiction
PUTNAM
Zoning & alternative use
C3 · Cookeville, TN
Zoning C3 · permitted uses
C3 · 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) Current
Est. value
$390,000
RETAIL STORES
Est. value
$460,000
COMMERCIAL (GENERAL) Current
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
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
1.23 ac
Current owner
From public records · entity-resolved
Giffey,t W & 2019 Joint Trust
Trust
Free & Clear · 5 yrs held
Mailing address
480 1ST 11TH PL, COOKEVILLE, TN 38506-4358
Mailing matches property
Yes
Owner-occupied
Yes
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 5, 2020
—
Giffey,t W & 2019 Joint Trust
Gail E Giffey
Quit Claim Deed
related
—
Mar 17, 2020
—
Travis W Giffey
—
Deed
related
$253,341 · Putnam 1st Mercantile Bk
Jan 7, 2020
—
Travis W Giffey
—
Deed
related
$178,983 · Putnam 1st Mercantile Bk
Sep 16, 2019
—
Gail E Giffey
—
Deed
related
—
Jul 31, 2014
$390,600
Giffey,gail
Jordan E L Living Trust
Warranty Deed
$325,000 · Putnam 1st Mercantile Bk
Feb 27, 1998
$100,000
Jordan,estelle L & Richard
—
Trustees Deed
related
—
Feb 27, 1998
$300,000
Jordan,estelle L & Richard
—
Trustees Deed
related
—
Apr 22, 1996
—
Joe M Rice
—
Deed Of Trust
related
—
Aug 28, 1992
$65,000
Joe M Rice
Unknown
Grant Deed
—
—
—
Gail E Giffey
—
Loan Modification
related
—
—
—
Travis W Giffey
—
Deed Of Trust
related
$178,983 · Putnam 1st Mercantile Bk
—
—
Travis W Giffey
—
Deed Of Trust
related
$253,341 · Putnam 1st Mercantile Bk
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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