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Property profile & analytics
OFF-MARKET
Office Spaces
703 Water Ave Gallatin, TN 37066-6311
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US80-1303292
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1995
Total area
1,326 SF
Lot
0.52 ac (22,500 SF)
APN
083126L B 01702
UPID
US80-1303292
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
-
Car & Truck Depot Car Dealership
-
BRW Auto Sales, LLC Car Dealership
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
Gegory Wallace · 8 yrs held
Gegory Wallace
since 2017
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 Gallatin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gallatin 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
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$2,862
Tax year 2023
Assessed value
$93,800
Assessed 2023
Previous assessed
$93,800
+0.0% YoY
Effective rate
3.05%
On assessed value
Assessed land
$60,000
Assessed improvement
$33,800
Land market value
$150,000
Improvement market value
$84,500
Total market value
$234,500
Applied tax rate
83.0000
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
1995
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
0
Total area
1,326 SF
Lot
0.52 ac (22,500 SF)
APN
083126L B 01702
UPID
US80-1303292
Jurisdiction
SUMNER
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
1995
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
0
Lot
0.52 ac
Current owner
From public records · entity-resolved
Gegory Wallace
Individual
Mailing address
231 ROCK BRG RD, GALLATIN, TN 37066-7905
Ownership since
2017
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
Aug 25, 2017
$200,000
Gegory Wallace
Jesse R Maggart SR.
Warranty Deed
$100,000 · Citizens Bank
Jul 5, 2011
$200,000
Jesse R Maggart SR.
Gregory,callie F
Warranty Deed
—
Jan 23, 2009
—
Wallace Gregory
—
Trustees Deed
related
$120,976 · Sumner Bank & Trust
Oct 26, 2007
—
Callie F Gregory
—
Trustees Deed
related
$90,014 · Sumner Bank & Trust
Jun 23, 1994
$56,500
Callie F Gregory
Unknown
Grant Deed
—
—
—
Maggart,jesse R SR & Joann D
—
Loan Modification
related
$150,000 · Commerce Union Bk
—
—
Jesse R Maggart SR.
—
Deed Of Trust
related
$50,000 · Commerce Union Bank
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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