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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Office Spaces
504 Jackson St Tullahoma, TN 37388-3520
Entity Owned
~
Est. High Equity
Property ID
US80-1813554
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1978
Construction
FRAME
Total area
6,440 SF
Lot
0.46 ac (20,000 SF)
Zoning code
C1
APN
016124J E 02600
UPID
US80-1813554
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
-
Hope Medical & Wellness, LLC Medical Clinic
-
Enchanted Fae Permanent Jewelry (Bike/Boat/Book/etc) Store
-
Hard Rock Tattoo Studio Tattoo & Piercing Shop
-
Pretty in Ink Medical Clinic Skin Care Clinic
-
MT. Nails and Spa Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$720k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$621k
Blend (final)
Blend
$735k
Owner & transaction history
Red Rock Leasing LLC
Red Rock Leasing LLC
since 2025
Last sale
$800,000
7 recorded transactions
Zoning & alternative use
C1 · Tullahoma, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.2M
+94.0%
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 Tullahoma submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tullahoma 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
$725,000
ML approach
$720,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$615,000
Current use
RESTAURANT
$1,195,000
Change: +94% · Conversion: Difficult
MEDICAL BUILDING
$550,000
Change: -11% · Conversion: Easy
RETAIL STORES
$530,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$735k
Range $662k – $809k · ±10% · vs last sale $800k (Sep 30 2022)
Last sale anchor
$800k
Sep 30 2022
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
$114 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$5,468
Tax year 2023
Assessed value
$136,400
Assessed 2023
Previous assessed
$136,400
+0.0% YoY
Effective rate
4.01%
On assessed value
Assessed land
$52,800
Assessed improvement
$83,600
Land market value
$132,000
Improvement market value
$209,000
Total market value
$341,000
Applied tax rate
16.0000
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
1978
Construction
FRAME
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Bathrooms
4
Total area
6,440 SF
Lot
0.46 ac (20,000 SF)
Zoning code
C1
APN
016124J E 02600
UPID
US80-1813554
Jurisdiction
COFFEE
Zoning & alternative use
C1 · Tullahoma, TN
Zoning C1 · permitted uses
C1 · Tullahoma, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tullahoma. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$615,000
RESTAURANT
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$550,000
RETAIL STORES
Est. value
$530,000
COMMERCIAL (GENERAL) Current
RESTAURANT
MEDICAL BUILDING
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
1978
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Bathrooms
4
Lot
0.46 ac
Current owner
From public records · entity-resolved
Red Rock Leasing LLC
Entity
Mailing address
1802 N JACKSON ST STE 880RM, TULLAHOMA, TN 37388-8218
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2025
—
Red Rock Leasing LLC
Red Rock Leasing LLC
Deed
related
$627,227 · Citizens Tri-county Bank
May 3, 2023
—
Red Rock Leasing LLC
—
Deed
related
$649,283 · First Vision Bank Of Tennessee
Jan 9, 2023
—
Red Rock Leasing LLC
—
Deed
related
$227,250 · Citizens Tri-county Bank
Sep 30, 2022
$800,000
Red Rock Leasing LLC
Frances F Marcum
Warranty Deed
$640,000 · Frances F Marcum Etal
Dec 30, 2019
—
A Paul Bass III
A Paul Bass III
Quit Claim Deed
related
—
Dec 12, 2019
—
Frances F Marcum
Fran F Marcum
Quit Claim Deed
related
—
Oct 18, 2016
—
A Paul Bass III
Bass,a Paul III
Quit Claim Deed
related
—
Sep 28, 2010
—
Roth,frank F M
Bass,a Paul III
Grant Deed
related
—
Mar 15, 2010
—
Marcum,fran F
Bass,a Paul III
Quit Claim Deed
related
—
Jul 15, 2008
—
Marcum,frances F
Marcum,dan J
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.
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