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Property profile & analytics
OFF-MARKET
Estimated value
$1,840,000
Retail space
740 Willow Ave Cookeville, TN 38501-3839
Entity Owned
1-yr Hold
Free & Clear
Property ID
US80-0132517
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,972 SF
Lot
1.29 ac (56,192 SF)
Zoning code
C-3
APN
071066A G 00100
UPID
US80-0132517
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
-
Hair Haven Hair Salon
-
Boba Tea 4 Me Cafe & Coffee Shop
-
Mimi's shakes and more Grocery & Convenience Store Specialty Food Shop
-
Magnolia Rose Salon Nail Salon
-
Polished Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.80M
Blend (final)
Blend
$1.84M
Owner & transaction history
Cm Squared Properties · 1 yrs held
Cm Squared Properties
since 2024
7 recorded transactions
Zoning & alternative use
C-3 · Cookeville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Supplemental Regulations
Top alternative use upside
Commercial (general)
$2.0M
+13.2%
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 Cookeville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cookeville 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
RETAIL STORES
$1,745,000
Current use
COMMERCIAL (GENERAL)
$1,980,000
Change: +13% · Conversion: Easy
Blend value · Realmo final
$1.84M
Range $1.66M – $2.02M · ±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
$123 / 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
$14,527
Tax year 2022
Assessed value
$448,680
Assessed 2023
Previous assessed
$441,280
+1.7% YoY
Effective rate
3.24%
On assessed value
Assessed land
$224,400
Assessed improvement
$224,280
Land market value
$561,000
Improvement market value
$560,700
Total market value
$1,121,700
Applied tax rate
71.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
5
Total area
14,972 SF
Lot
1.29 ac (56,192 SF)
Zoning code
C-3
APN
071066A G 00100
UPID
US80-0132517
Jurisdiction
PUTNAM
Zoning & alternative use
C-3 · Cookeville, TNZoning C-3 · permitted uses
C-3 · Cookeville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Supplemental Regulations
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$2.0M
RETAIL STORES Current
COMMERCIAL (GENERAL)
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
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
5
Lot
1.29 ac
Current owner
From public records · entity-resolved
Cm Squared Properties
Entity
Free & Clear · 1 yrs held
Mailing address
203 N CEDAR AVE, COOKEVILLE, TN 38501-2498
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2024
—
Cm Squared Properties
Tennessee Avenue Properties
Quitclaim Deed
related
—
Sep 23, 2020
—
Tennessee Avenue Properties
—
Deed
related
$710,000 · First Nat'l Bk/tn
Jul 22, 2016
—
Tennessee Avenue Properties
Apex Ents
Warranty Deed
related
$977,500 · First Nat'l Bk/tn
Sep 15, 2009
—
Apex Ents INC
Salon Consulting Group LLC
Quit Claim Deed
related
—
Jan 25, 2006
$800,000
Salon Consulting Group LLC
Heritage Coml Holdings LLC
Warranty Deed
$1,108,158 · Community Bank Cumberlands
Sep 22, 2005
—
Heritage Coml Holdings LLC
Parks,j D & Lissa H
Quit Claim Deed
related
$1,000,000 · First Tennessee Bank National
Dec 30, 2004
$650,000
Parks J D
Phillips,bobby E & Debrah D
Warranty Deed
$485,167 · First Volunteer Bank Tennessee
Apr 29, 2004
$100,000
Bobby E Phillips JR.
Harris,charles
Grant Deed
—
Apr 19, 1999
$500,000
Charles Harris
Gentry Trust Agr
Grant Deed
—
Nov 18, 1997
—
Gentry,mildred Trust
—
Deed Of Trust
related
—
—
—
Tennessee Avenue Properties
—
Deed Of Trust
related
$710,000 · First Nat'l Bk/tn
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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