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    115 Broadway Ave Sneedville, TN 37830

    Sponsored
    For Sale
    Pending
    $2,450,000

    LAND - Sneedville, TN

    Property size:
    41,165 SF
    Days on Market:
    390
    Last Refresh:
    Jan 31 at 5:06 am

    Property Features for 115 Broadway Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    Security features
    Security System
    Zoning
    Comm./Indust.
    Rooms
    Basement
    Parking
    20
    Parking features
    On Street
    Basement
    Finished
    Size
    41,165 SF

    Utilities

    Utilities
    Phone Available
    Heating system
    Central, Forced Air, Zoned, Natural Gas
    Cooling system
    Electric, Central Air

    Building Details

    Year built
    1943
    Floors in Building
    1
    Building materials
    Block

    We can help!

    Listing Contact
    Tracy King

    Kings of Real Estate LLC (Knox) (865) 365-1670

    Listing agent Tracy King (865) 365-2280

    Listing date Jan 7, 2025

    MLS# 223826

    Copyright © 2026 Great Smoky Mountains Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Sneedville Office/Retail/Medical Building For Sale

    This property, known as the Jackson Square Building, is available for sale and suitable for office, medical, or retail use. The main building features 23,165 square feet of office space on the main floor, currently configured with a security badge entrance and 70 office cubicles, which can be removed for custom build-out. The building is handicap accessible and equipped with a sprinkler system and zoned HVAC systems. The lower level basement offers an additional 18,000 square feet and is currently rented for storage. The property includes 31 private badge-accessible parking spaces in the rear. An additional piece of property across the street provides 63 gated security parking spaces. Street parking is also available, and the surrounding area can accommodate up to 400 parking spaces. The property is attached to Big Ed's Pizza and located just two blocks from Methodist Medical Center Hospital. The total property size is 41,165 square feet. The lessee is moving out, making this the first time the property is on the market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Garden Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sneedville
    County
    Hancock
    State
    Tennessee
    Longitude
    -84.237954
    Latitude
    36.029781

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    FAQs

    What type of property is this?
    Office space - Office, medical, or retail building with parking in Sneedville, TN.
    Where is this office space located?
    The property is located at 115 Broadway Ave Sneedville, TN.
    What is the asking price?
    The asking price for this property is $2,450,000.
    What are key features of this property?
    This property features: - Large main floor office space (23,165 sq ft) with flexible layout (70 cubicles included or removable).; - Ample parking: **31 private spaces with badge access**, plus 63 gated security spaces across the street.; - Prime location: Attached to Big Ed's Pizza and near Methodist Medical Center Hospital.
    (865) 365-2280
    Request Owner's contact information
    115 Broadway Ave Sneedville, TN 37830
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    Sneedville, TN 37830
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    115 Broadway Ave Sneedville, TN 37830
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    We can help!
    Listing Contact
    Tracy King
    (865) 365-2280
    Learn more
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