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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Medical Office Space
711 Mcfarland St Morristown, TN 37814-3977
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US80-1942265
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1988
Construction
WOOD
Total area
8,677 SF
Lot
0.64 ac (27,878 SF)
APN
032033L B 00101
UPID
US80-1942265
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
-
Dr. Frank B. Little Jr, MD Physician
-
Primary Care & Geriatrics Geriatric Care Provider
-
Sellars Chasity C Physician
-
Michael Igbokwe Physician
-
Carmina Rines Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$360k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$667k
Blend (final)
Blend
$515k
Owner & transaction history
Rajeev Gupta · 11 yrs held
Rajeev Gupta
since 2014
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 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
Method
Estimation
Statistic approach
by Request
ML approach
$360,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$810,000
Current use
RESTAURANT
$675,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$59 / 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
$256,280
Assessed 2023
Previous assessed
$256,280
+0.0% YoY
Assessed land
$36,040
Assessed improvement
$220,240
Land market value
$90,100
Improvement market value
$550,600
Total market value
$640,700
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1988
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
1
Rooms
18
Bathrooms
4
Total area
8,677 SF
Lot
0.64 ac (27,878 SF)
APN
032033L B 00101
UPID
US80-1942265
Jurisdiction
HAMBLEN
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
MEDICAL BUILDING Current
Est. value
$810,000
RESTAURANT
Est. value
$675,000
MEDICAL BUILDING Current
RESTAURANT
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
1988
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
18
Bathrooms
4
Lot
0.64 ac
Current owner
From public records · entity-resolved
Rajeev Gupta
Individual
Mailing address
1068 SHADOW WOOD LN, MORRISTOWN, TN 37814-8010
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2014
$575,000
Rajeev Gupta
Frank B Little
Warranty Deed
$375,000 · Suntrust Bank
Jun 6, 2013
—
Jeffrey Adams
Adams,polly
Quit Claim Deed
related
—
Nov 1, 2007
—
Jeffrey Adams
Little F B JR Living Trust
Quit Claim Deed
related
—
Sep 1, 2006
—
Michael L Dillard
Dillard,michael L & Donna R
Quit Claim Deed
related
—
Oct 11, 2004
—
Little Frank B JR Trust
Little,frank B JR & Jennifer I
Quit Claim Deed
related
—
May 13, 1996
$157,430
Frank Little
—
Grant Deed
related
—
Aug 11, 1989
$104,500
Frank Little Dr
Unknown
Grant Deed
—
—
—
Little Frank B Trust
—
Deed Of Trust
related
$595,000 · First Tennessee Bank National
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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