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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Medical Office Space
640 Nuckolls Rd Bolivar, TN 38008-1532
Individually Owned
5-yr Hold
Free & Clear
Property ID
US80-3563792
Property summary
AI-generated overview
This exceptional 5,630 square foot commercial property located at 640 Nuckolls Road, Bolivar, Tennessee, presents a unique investment opportunity. Situated on a spacious 2.35-acre lot, the building offers ample space for a variety of uses. Currently zoned for medical use, this property is ideally suited for a clinic, medical office, or other healthcare-related business. However, its versatility extends beyond medical applications
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2003
Total area
5,799 SF
Lot
2.35 ac (102,366 SF)
APN
035070 00113
UPID
US80-3563792
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
-
Petway Britney L Physician
-
Amanda Russell, FNP Physician
-
Samuel Johnson Pediatrician Physician
-
Kimberly Bryant-Holman, PHARM Pharmacy
-
Karen Salvaggio Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$660k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$605k
Owner & transaction history
Sylvester Nicol · 5 yrs held
Sylvester Nicol
since 2020
Last sale
$519,000
5 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 Bolivar submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bolivar 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
$720,000
ML approach
$660,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$580,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$565,000
Change: 0% · Conversion: Easy
AUTO REPAIR, GARAGE
$485,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$395,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$605k
Range $545k – $666k · ±10% · vs last sale $519k (Nov 6 2020)
Last sale anchor
$519k
Nov 6 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
$104 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$8,375
Tax year 2022
Assessed value
$251,320
Assessed 2023
Previous assessed
$218,640
+14.9% YoY
Effective rate
3.33%
On assessed value
Assessed land
$21,640
Assessed improvement
$229,680
Land market value
$54,100
Improvement market value
$574,200
Total market value
$628,300
Applied tax rate
35.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2003
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
2
Total area
5,799 SF
Lot
2.35 ac (102,366 SF)
APN
035070 00113
UPID
US80-3563792
Jurisdiction
HARDEMAN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$580,000
COMMERCIAL (GENERAL)
Est. value
$565,000
AUTO REPAIR, GARAGE
Est. value
$485,000
WAREHOUSE, STORAGE
Est. value
$395,000
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
2003
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
2.35 ac
Current owner
From public records · entity-resolved
Sylvester Nicol
Individual
Free & Clear · 5 yrs held
Mailing address
640 NUCKOLLS RD, BOLIVAR, TN 38008-1532
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Nov 6, 2020
—
Sylvester Nicol
T & T Ents LLC
Quit Claim Deed
related
—
Sep 16, 2005
$519,000
T & T Ents LLC
West Tennessee Healthcare INC
Warranty Deed
—
Jul 21, 2005
—
West Tennesseee Healthcare INC
Bolivar General Hospital INC
Quit Claim Deed
related
—
—
—
T & T Ents LLC
—
Deed Of Trust
related
$402,255 · Bank/fayette Cnty Grand Jct/la
—
—
Sylvester Nicol
—
Loan Modification
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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