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Property profile & analytics
OFF-MARKET
Commercial real estate
607 6th N St Morristown, TN 37814
Entity Owned
33-yr Hold
Free & Clear
Property ID
US80-1980894
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
0.27 ac (11,761 SF)
Zoning code
OMP
APN
032033L C 01900
UPID
US80-1980894
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
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
Hospital Of Morristown INC · 33 yrs held
Hospital Of Morristown INC
since 1993
5 recorded transactions
Zoning & alternative use
OMP · Morristown, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is intended to provide areas for professional, medical, and related businesses requiring separate buildings and building groups, it is the intent of the Office, Medical, and Professional District to provide a transition area in which offices may co exist with Medium Density Residential areas, in order to promote this mixed use environment, traf…
Zone name
Office Medical And Professional District
General category
MIXED_USE
Zone area
230.95 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 Morristown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morristown 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
Property tax & assessments
Assessed value
$27,800
Assessed 2023
Previous assessed
$27,800
+0.0% YoY
Assessed land
$27,080
Assessed improvement
$720
Land market value
$67,700
Improvement market value
$1,800
Total market value
$69,500
Applied tax rate
32.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Lot
0.27 ac (11,761 SF)
Zoning code
OMP
APN
032033L C 01900
UPID
US80-1980894
Jurisdiction
HAMBLEN
Zoning & alternative use
OMP · Morristown, TNZoning OMP · permitted uses
OMP · Morristown, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is intended to provide areas for professional, medical, and related businesses requiring separate buildings and building groups, it is the intent of the Office, Medical, and Professional District to provide a transition area in which offices may co exist with Medium Density Residential areas, in order to promote this mixed use environment, traffic and signage should be maintained at a minimal level
Zone name
Office Medical And Professional District
General category
MIXED_USE
Zone area
230.95 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
0.27 ac
Current owner
From public records · entity-resolved
Hospital Of Morristown INC
Entity
Free & Clear · 33 yrs held
Mailing address
PO BOX 1408, MORRISTOWN, TN 37816-1408
Ownership since
1993
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2017
—
Hospital Of Morristown LLC
—
Loan Modification
related
—
May 27, 1993
$10,272,093
Hospital Of Morristown INC
Unknown
Grant Deed
—
Apr 6, 1990
$38,900
Humana Of Tennessee
Unknown,
Grant Deed
—
—
—
Hospital Of Morristown LLC
—
Deed Of Trust
related
—
—
—
Hospital Of Morristown LLC
—
Deed Of Trust
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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