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Property profile & analytics
OFF-MARKET
Office Spaces
500 Congress S Pkwy Athens, TN 37303-2258
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US80-0231613
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1969
Construction
WOOD
Total area
1,604 SF
Lot
0.4 ac (17,424 SF)
APN
054047N A 04300
UPID
US80-0231613
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
-
WEICHERT REALTORS-SEM Associates Real Estate Agency
-
Gabe Curtis - Gateway Mortgage Loan Service Bank
-
Dominique Devine Weichert Realtors - SEM Associates Real Estate Agency
-
Amber Lee, Weichert Realtors - SEM Associates Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Thomas T Jewell · 7 yrs held
Thomas T Jewell
since 2018
7 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 Athens submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Athens 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2023Property tax & assessments
Tax year 2023
Tax billed
$1,957
Tax year 2023
Assessed value
$93,640
Assessed 2023
Previous assessed
$84,400
+10.9% YoY
Effective rate
2.09%
On assessed value
Assessed land
$40,200
Assessed improvement
$53,440
Land market value
$100,500
Improvement market value
$133,600
Total market value
$234,100
Applied tax rate
54.0000
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
1969
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
1
Total area
1,604 SF
Lot
0.4 ac (17,424 SF)
APN
054047N A 04300
UPID
US80-0231613
Jurisdiction
MCMINN
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
1969
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
Thomas T Jewell
Individual
Mailing address
500 CONGRESS PKWY S, ATHENS, TN 37303-2258
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 20, 2022
—
Thomas Todd Jewell
—
Deed
related
$80,000 · Southeast Bank
Jul 10, 2019
—
Thomas T Jewell
—
Deed
related
$184,514 · Southeast Bk
Feb 14, 2019
—
Thomas T Jewell
—
Deed
related
$180,000 · Peoples Bk/e Tn
Oct 29, 2018
—
Thomas T Jewell
—
Deed
related
$178,257 · Peoples Bk/e Tn
Sep 10, 2018
$140,000
Thomas T Jewell
Webb,ozzie
Warranty Deed
$158,057 · Peoples Bk/e Tn
Apr 6, 2010
$118,250
Ozzie Webb
Branch Bkng & Trust Co
Grant Deed
—
Jun 16, 2009
$640,000
Branch Banking & Trust Co
Logue Gregory C
Trustees Deed
related
—
Feb 19, 2008
$104,850
Williams Family Properties LLP
Crye Harold E Living Trust
Warranty Deed
—
Mar 24, 2006
—
Daisy Properties LLC
Scheib,jerry
Quit Claim Deed
related
—
Mar 19, 2004
$145,000
Jerry Etal Scheib
Crye,harold E
Grant Deed
—
—
—
Thomas T Jewell
—
Loan Modification
related
$180,000 · Peoples Bk/e Tn
—
—
Thomas T Jewell
—
Loan Modification
related
$178,257 · Peoples Bk/e Tn
—
—
Thomas T Jewell
—
Deed Of Trust
related
$184,514 · Southeast Bk
—
—
Daisy Properties LLC
—
Deed Of Trust
related
$2,000,000 · Konvalinka John P (te)
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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