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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Office Spaces
8858 Sparta Pike Watertown, TN 37184-1306
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US80-0397474
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2020
Total area
2,980 SF
Lot
1.06 ac (46,174 SF)
APN
128 05903
UPID
US80-0397474
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
-
Bond Construction, Inc. General Contractor
-
Union Home Mortgage Loan Service Bank
-
Old Hickory Buildings Production Facility Construction Company
-
Full Circle Realty Real Estate Agency
-
Thrive Mortgage - Watertown, TN Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$585k
Comparable Approach
Comparable
$477k
Blend (final)
Blend
$565k
Owner & transaction history
A & L Rental Properties LLC · 6 yrs held
A & L Rental Properties LLC
since 2020
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$760,000
+7.8%
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 Watertown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Watertown 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%
$635,000
6.5%
$585,000
7%
$545,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$705,000
Current use
MEDICAL BUILDING
$760,000
Change: +8% · Conversion: Easy
AUTO REPAIR, GARAGE
$585,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$565k
Range $509k – $622k · ±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
$190 / 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
$3,596
Tax year 2023
Assessed value
$143,160
Assessed 2023
Previous assessed
$143,160
+0.0% YoY
Effective rate
2.51%
On assessed value
Assessed land
$20,400
Assessed improvement
$122,760
Land market value
$51,000
Improvement market value
$306,900
Total market value
$357,900
Applied tax rate
95.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2020
Heating
YES
Cooling
YES
Stories
1
Bathrooms
1
Total area
2,980 SF
Lot
1.06 ac (46,174 SF)
APN
128 05903
UPID
US80-0397474
Jurisdiction
WILSON
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
COMMERCIAL (GENERAL) Current
Est. value
$705,000
MEDICAL BUILDING
Est. value
$760,000
AUTO REPAIR, GARAGE
Est. value
$585,000
COMMERCIAL (GENERAL) 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
2020
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
1
Lot
1.06 ac
Current owner
From public records · entity-resolved
A & L Rental Properties LLC
Entity
Mailing address
8858 SPARTA PIKE, WATERTOWN, TN 37184-1306
Ownership since
2020
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
Jun 12, 2025
—
A & L Rental Properties LLC
—
Deed
related
$472,000 · Wilson Bank & Trust
Sep 22, 2022
—
A & L Rental Properties LLC
—
Deed
related
$146,000 · Persons Banking Company
May 13, 2020
—
A & L Rental Properties LLC
Bond Construction INC
Quit Claim Deed
related
—
Apr 14, 1999
$60,000
Thomas Means
King,tommy & San
Grant Deed
—
May 13, 1992
$75,000
Tommy King
Unknown
Grant Deed
—
Aug 30, 1991
$125,000
Kenneth Morse
Unknown,
Grant Deed
—
—
—
Thomas Means
—
Deed Of Trust
related
$23,704 · Pinnacle National 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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