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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Office buildings
8454 Wolf Lk Dr, Bartlett, TN 38133-4116
Individually Owned
3-yr Hold
Free & Clear
Property ID
US80-1620972
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2011
Total area
5,220 SF
Lot
1.4 ac (60,984 SF)
Zoning code
C-H
APN
B01-58G- -A-00004
UPID
US80-1620972
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
-
Phoenix Communications Corporation IT Consulting Firm Tech Support Center
-
Industrial Heater HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$585k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$816k
Blend (final)
Blend
$590k
Owner & transaction history
Scott Spielberger · 3 yrs held
Scott Spielberger
since 2023
Last sale
$600,000
5 recorded transactions
Zoning & alternative use
C-H · Bartlett, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$745,000
+19.9%
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 Bartlett submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bartlett 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
$580,000
ML approach
$585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$625,000
Current use
MEDICAL BUILDING
$745,000
Change: +20% · Conversion: Easy
AUTO REPAIR, GARAGE
$505,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$590k
Range $531k – $649k · ±10% · vs last sale $600k (Jan 26 2023)
Last sale anchor
$600k
Jan 26 2023
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
$113 / 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
$8,653
Tax year 2022
Assessed value
$255,240
Assessed 2023
Previous assessed
$255,240
+0.0% YoY
Effective rate
3.39%
On assessed value
Assessed land
$59,600
Assessed improvement
$195,640
Land market value
$149,000
Improvement market value
$489,100
Total market value
$638,100
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2011
Heating
SPACE
Cooling
NONE
Stories
1
Total area
5,220 SF
Lot
1.4 ac (60,984 SF)
Zoning code
C-H
APN
B01-58G- -A-00004
UPID
US80-1620972
Jurisdiction
SHELBY
Zoning & alternative use
C-H · Bartlett, TN
Zoning C-H · permitted uses
C-H · Bartlett, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bartlett. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$625,000
MEDICAL BUILDING
Est. value
$745,000
AUTO REPAIR, GARAGE
Est. value
$505,000
OFFICE BUILDING Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
2011
Heating
SPACE
Cooling
Yes
Stories
1
Lot
1.4 ac
Current owner
From public records · entity-resolved
Scott Spielberger
Individual
Free & Clear · 3 yrs held
Mailing address
4553 SEED TICK RD, LAKELAND, TN 38002-7930
Ownership since
2023
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 26, 2023
—
Scott Spielberger
Seedtick Properties LLC
Quit Claim Deed
related
—
Aug 25, 2020
$600,000
Seedtick Properties LLC
Industrial Heater Co
Grant Deed
—
Dec 21, 2010
$100,000
Industrial Heather Co INC
64 Investments Ptshp
Warranty Deed
$555,000 · Regions Bank
Jun 7, 2007
—
Ray M Spence
64 Investments Ptshp
Quit Claim Deed
related
—
Mar 27, 2003
$100,000
64 Investments Partnership
Stage Road Partners
Grant 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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