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Property profile & analytics
OFF-MARKET
Estimated value
$890,000
Medical Office Space
726 Locust Ave Lawrenceburg, TN 38464-2865
Individually Owned
1-yr Hold
Free & Clear
Property ID
US80-0370753
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2012
Construction
FRAME
Total area
16,584 SF
Lot
0.81 ac (35,100 SF)
APN
050078N D 00100
UPID
US80-0370753
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
-
Vanderbilt Eye Institute Lawrenceburg Medical Clinic
-
Express Med Physician
-
JOHN MICHAEL NORVELL Physician Medical Clinic
-
For The Love Of Kids Pediatrician Medical Clinic
-
Vanderbilt Center for Women's Health Lawrenceburg Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$890k
Owner & transaction history
Ricky L Stone · 1 yrs held
Ricky L Stone
since 2025
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.4M
+37.5%
Retail stores
$1.3M
+21.7%
Restaurant
$1.2M
+11.6%
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 Lawrenceburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lawrenceburg 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
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,040,000
Current use
COMMERCIAL (GENERAL)
$1,430,000
Change: +38% · Conversion: Easy
RETAIL STORES
$1,265,000
Change: +22% · Conversion: Difficult
RESTAURANT
$1,160,000
Change: +12% · Conversion: Difficult
WAREHOUSE, STORAGE
$940,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$890k
Range $801k – $979k · ±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
$54 / 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
$24,594
Tax year 2023
Assessed value
$791,280
Assessed 2023
Previous assessed
$791,280
+0.0% YoY
Effective rate
3.11%
On assessed value
Assessed land
$66,920
Assessed improvement
$724,360
Land market value
$167,300
Improvement market value
$1,810,900
Total market value
$1,978,200
Applied tax rate
50.0000
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
2012
Construction
FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Rooms
8
Bathrooms
6
Total area
16,584 SF
Lot
0.81 ac (35,100 SF)
APN
050078N D 00100
UPID
US80-0370753
Jurisdiction
LAWRENCE
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
$1.0M
COMMERCIAL (GENERAL)
Est. value
$1.4M
RETAIL STORES
Est. value
$1.3M
RESTAURANT
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$940,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
RESTAURANT
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
2012
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
8
Bathrooms
6
Lot
0.81 ac
Current owner
From public records · entity-resolved
Ricky L Stone
Individual
Free & Clear · 1 yrs held
Mailing address
726 N LOCUST AVED, LAWRENCEBURG, TN 38464-2865
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Jan 30, 2025
—
Ricky L Stone
Ricky Stone
Deed
related
—
May 31, 2023
—
Ricky L Stone
—
Deed
related
$1,600,000 · First Farmers & Merchants Bank
Sep 26, 2011
—
Ricky L Stone
—
Trustees Deed
related
$700,000 · First Farmers & Merchants Bank
Apr 20, 2009
$150,000
Ricky L Stone
Lanning,kathy
Warranty Deed
$225,000 · First Farmers & Merchants Bank
Sep 6, 2006
$150,000
Josh Pollock
Anderson,james M & Robin M
Warranty 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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