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Property profile & analytics
FOR LEASE
Office Spaces
609 N Garden St Columbia, TN 38401
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US80-3228427
For Lease
1 / 8
$590,000
609 N Garden St, Columbia, TN 38401
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,292 SF
Lot
0.32 ac (14,000 SF)
Zoning code
GCS
APN
060100D C 02301
UPID
US80-3228427
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
-
Wear It Well Consignment Boutique Discount Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$600k
Comparable Approach
Comparable
$654k
Blend (final)
Blend
$590k
Owner & transaction history
Maybe Holdings LLC · 6 yrs held
Maybe Holdings LLC
since 2019
Last sale
$35,000
6 recorded transactions
Zoning & alternative use
GCS · Columbia, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$650,000
+51.5%
Retail stores
$490,000
+14.7%
Auto repair, garage
$470,000
+10.0%
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 Columbia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Columbia 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%
$650,000
6.5%
$600,000
7%
$555,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$430,000
Current use
MEDICAL BUILDING
$650,000
Change: +52% · Conversion: Easy
RETAIL STORES
$490,000
Change: +15% · Conversion: Easy
AUTO REPAIR, GARAGE
$470,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$590k
Range $531k – $649k · ±10% · vs last sale $35k (Jun 30 2020)
Last sale anchor
$35k
Jun 30 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
$137 / 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
$5,129
Tax year 2023
Assessed value
$187,520
Assessed 2023
Previous assessed
$110,840
+69.2% YoY
Effective rate
2.74%
On assessed value
Assessed land
$39,320
Assessed improvement
$148,200
Land market value
$98,300
Improvement market value
$370,500
Total market value
$468,800
Applied tax rate
60.0000
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
For Lease
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
1
Total area
4,292 SF
Lot
0.32 ac (14,000 SF)
Zoning code
GCS
APN
060100D C 02301
UPID
US80-3228427
Jurisdiction
MAURY
Zoning & alternative use
GCS · Columbia, TN
Zoning GCS · permitted uses
GCS · Columbia, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Columbia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$430,000
MEDICAL BUILDING
Est. value
$650,000
RETAIL STORES
Est. value
$490,000
AUTO REPAIR, GARAGE
Est. value
$470,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Maybe Holdings LLC
Entity
Mailing address
808 S HIGH ST, COLUMBIA, TN 38401-3241
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 10, 2020
—
Maybe Holdings LLC
—
Deed
related
$563,354 · Bank Of Ripley
Feb 6, 2020
—
Maybe Holdings LLC
—
Deed
related
$50,000 · Bank Of Ripley
Dec 23, 2019
$285,320
Maybe Holdings LLC
John W Holden JR.
Warranty Deed
related
$242,522 · Bank Of Ripley
Oct 21, 2008
$189,700
John W Holden JR.
Sprinkle,natalya A
Warranty Deed
—
—
—
Maybe Holdings LLC
—
Deed Of Trust
related
$50,000 · Bank Of Ripley
—
—
Maybe Holdings LLC
—
Deed Of Trust
related
$563,354 · Bank Of Ripley
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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