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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Office Spaces
615 Main St Shelbyville, TN 37160-3210
Individually Owned
7-yr Hold
Free & Clear
Property ID
US80-1320143
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1991
Total area
3,600 SF
Lot
0.34 ac (14,790 SF)
APN
002089A E 00300
UPID
US80-1320143
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
-
Midstate Finance Company Inc. Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$783k
Blend (final)
Blend
$580k
Owner & transaction history
Jesse W Shofner · 7 yrs held
Jesse W Shofner
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 Shelbyville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shelbyville 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
Blend value · Realmo final
$580k
Range $522k – $638k · ±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
$161 / 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
$193,080
Assessed 2023
Previous assessed
$193,080
+0.0% YoY
Assessed land
$80,000
Assessed improvement
$113,080
Land market value
$200,000
Improvement market value
$282,700
Total market value
$482,700
Applied tax rate
2.0000
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
1991
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
1
Total area
3,600 SF
Lot
0.34 ac (14,790 SF)
APN
002089A E 00300
UPID
US80-1320143
Jurisdiction
BEDFORD
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
1991
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Jesse W Shofner
Individual
Free & Clear · 7 yrs held
Mailing address
615 N MAIN ST, SHELBYVILLE, TN 37160-3210
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2018
—
Jesse W Shofner
Martin King Shofner Family LP
Quit Claim Deed
related
—
Nov 3, 2014
$75,000
Shofner,r Stewart|shofner 2012 Family Trust
Shofner,michael M
Grant Deed
related
—
Jan 10, 2013
—
Martin King Shofner Family LP
Shofner,martin K & Corabel A
Quit Claim Deed
related
—
Dec 31, 2012
—
Shofner 2012 Family Trust
Shofner,william E
Quit Claim Deed
related
—
Aug 19, 1993
$477,500
William E Shofner
Unknown
Grant Deed
—
Oct 2, 1990
$110,000
Midstate Finance Co INC
Unknown,
Grant Deed
related
—
Jul 8, 1988
$77,500
James W Perkins JR
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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