Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1409 Tusculum Blvd Greeneville, TN 37745

    Sponsored
    For Sale
    $499,900

    COMMERCIAL - Greeneville, TN

    Property size:
    3,200 SF
    Lot size:
    0.81 Acres
    Days on Market:
    31
    Last Refresh:
    Feb 25 at 12:06 am

    Property Features for 1409 Tusculum Blvd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    B4
    APN
    087n B 012.00
    Size
    3,200 SF
    Lot size
    0.81 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating)
    Cooling system
    Heat Pump
    Water source
    Public

    Building Details

    Year built
    1930
    Building materials
    Vinyl Siding
    Roof type
    Shingle

    We can help!

    Listing Contact
    Michael McNeese

    Quality Homes Network LLC dba CENTURY 21 Legacy (423) 639-6781

    Listing agent Michael McNeese (423) 552-5330 License #290535

    Listing date Jan 26, 2026

    MLS# 9988181

    Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. 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

    Overview

    Greeneville Home with Commercial Potential

    Located in Greeneville, Tennessee, this property offers potential for residential or commercial use due to its B4 zoning. The property features original hardwood floors, 11-foot ceilings with crown molding, and refinished mahogany doors. The first floor includes a living room, formal dining room, and a kitchen with storage. The master suite has an en-suite bath with custom tile and a stone walk-in shower. A second bedroom, full bath, and laundry/utility room are also on the main level. The renovated second floor offers two additional bedrooms and a living area, with the potential to add a third bathroom. The partially finished basement includes an additional bedroom, sitting room, home gym/workout space, and an unfinished area suitable for a workshop or storage. Outdoor features include an entertaining area with a fire pit, pergola, covered bar, and seating, along with a patio, rocking-chair front porch, detached 2-car garage, garden shed, landscaped 0.8-acre lot, and concrete driveway with parking. The property contains approximately 3,200 square feet of space and is located across from the hospital.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Greeneville
    County
    Greene
    State
    Tennessee
    Longitude
    -82.792853
    Latitude
    36.174423

    Nearby Similar for Sale

    • $1,100,000
      3,076 SF

      Farmhouse with Mountain Views

      Farmhouse on 37+ acres with a second residence/rental.
      7545 Cedar Creek Rd, Greeneville, TN 37743
      View Details
    • $399,900
      Pending

      Multifamily Investment Property in Greeneville

      Five-unit multifamily property with diverse unit mix and expansion potential.
      432 Whirlwind Rd, Greeneville, TN 37743
      View Details
    • $425,000
      3,040 SF

      Downtown Greeneville Investment Opportunity

      High-potential income property in the heart of downtown Greeneville.
      324 E Church St, Greeneville, TN 37745
      View Details
    • $299,900
      3,259 SF

      Greeneville Commercial Property For Sale

      Commercial property in the heart of Greeneville, Tennessee.
      1606 Hannah St, Greeneville, TN 37745
      View Details
    • $2,000,000
      Pending

      Downtown Greeneville Liquor Store Opportunity

      Established liquor store with high sales volume and expansion potential.
      200 W Summer St, Greeneville, TN 37743
      View Details
    • $480,000
      2,145 SF

      Greeneville Commercial Property For Sale

      Commercial property in high-traffic location suitable for office or retail.
      3509 E Andrew Johnson Hwy, Greeneville, TN 37745
      View Details
    • $525,000
      Pending

      Expansive Farm in East Tennessee

      48.6-acre farm with mountain views, pasture, and timber.
      1430 Roaring Fork Rd, Greeneville, TN 37745
      View Details
    • New
      $195,000
      1,822 SF

      Greeneville Duplex with Basement Storage

      Duplex in Greeneville, TN, with carport and basement storage.
      102 S Highland Ave, Greeneville, TN 37743
      View Details
    • $280,000
      Pending

      Greeneville Farm with Creek Frontage

      15.48 acre Greeneville farm featuring creek, well, and utilities.
      15 S Old Kentucky Rd, Greeneville, TN 37743
      View Details
    • $229,000
      1,500 SF

      Greeneville Automotive Repair Shop For Sale

      Automotive repair shop on 0.33 acre lot near highway.
      1930 Snapps Ferry Rd, Greeneville, TN 37745
      View Details
    • $850,000
      20.00 Acres

      20 Acres with Shop and Pond

      20-acre property with shop, apartment, pond, and mountain views.
      290 Roaring Fork Rd, Greeneville, TN 37745
      View Details
    • $498,000
      2,100 SF

      Turnkey Daycare Facility in Greeneville

      Fully equipped daycare center ready for immediate operation.
      208 Majestic Cir, Greeneville, TN 37743
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Home with B4 zoning, suitable for residential or commercial use.
    Where is this mixed-use property located?
    The property is located at 1409 Tusculum Blvd Greeneville, TN.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: - B4 Zoning: Offers significant commercial potential (professional offices, mixed-use).; - Prime Location: Situated directly across from the hospital.; - Spacious Layout: Boasts 3-5 bedrooms, multiple living areas, and a partially finished basement.
    (423) 552-5330
    Request Owner's contact information
    1409 Tusculum Blvd Greeneville, TN 37745
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1409 Tusculum Blvd
    Greeneville, TN 37745
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1409 Tusculum Blvd Greeneville, TN 37745
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Michael McNeese
    Real Estate License ID: 290535
    (423) 552-5330 (423) 639-6781
    Learn more
    Google sign-in failed. Please try again or use another login method.