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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Office Spaces
483 Main St Hohenwald, TN 38462-2005
Entity Owned
33-yr Hold
Free & Clear
Property ID
US80-1956521
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1994
Total area
7,600 SF
Lot
0.97 ac (42,240 SF)
Zoning code
C-3
APN
051035P C 00300
UPID
US80-1956521
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
-
TRH Health Plans Insurance Agency
-
Farm Bureau Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$596k
Blend (final)
Blend
$570k
Owner & transaction history
Lewis Co Farm Bureau · 33 yrs held
Lewis Co Farm Bureau
since 1992
2 recorded transactions
Zoning & alternative use
C-3 · Hohenwald, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
These districts are designed co provide for a wide range of commercial uses concerned with retail trade and consumer services, amusement and entertainment establishments, automotive and vehicular service establishments, transient sleeping accommodations, drive in stores, eating and drinking places, financial institutions and offices
Zone name
Corridor Commercial District
General category
COMMERCIAL
Zone area
424.84 ac
Source
Realmo
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 Hohenwald submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hohenwald 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$530,000
Current use
RETAIL STORES
$425,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$570k
Range $513k – $627k · ±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
$75 / 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
$148,560
Assessed 2023
Previous assessed
$148,560
+0.0% YoY
Assessed land
$46,480
Assessed improvement
$102,080
Land market value
$116,200
Improvement market value
$255,200
Total market value
$371,400
Applied tax rate
51.0000
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
1994
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
2
Total area
7,600 SF
Lot
0.97 ac (42,240 SF)
Zoning code
C-3
APN
051035P C 00300
UPID
US80-1956521
Jurisdiction
LEWIS
Zoning & alternative use
C-3 · Hohenwald, TNZoning C-3 · permitted uses
C-3 · Hohenwald, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
These districts are designed co provide for a wide range of commercial uses concerned with retail trade and consumer services, amusement and entertainment establishments, automotive and vehicular service establishments, transient sleeping accommodations, drive in stores, eating and drinking places, financial institutions and offices
Zone name
Corridor Commercial District
General category
COMMERCIAL
Zone area
424.84 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$530,000
RETAIL STORES
Est. value
$425,000
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
1994
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
0.97 ac
Current owner
From public records · entity-resolved
Lewis Co Farm Bureau
Entity
Free & Clear · 33 yrs held
Mailing address
483 E MAIN ST, HOHENWALD, TN 38462-2005
Ownership since
1992
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
Aug 21, 1992
$26,000
Lewis Co Farm Bureau
Unknown
Grant Deed
—
May 4, 1992
$25,000
Kenneth Turnbow
Unknown,
Grant Deed
—
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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