Your AI Navigator in Commercial Real Estate
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

    1606 Hannah St Greeneville, TN 37745

    Sponsored
    For Sale
    $299,900

    COMMERCIAL - Greeneville, TN

    Property size:
    3,259 SF
    Lot size:
    0.70 Acres
    Days on Market:
    52
    Last Refresh:
    Jan 20 at 11:06 am

    Property Features for 1606 Hannah St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    B2
    APN
    099c A 002.00
    Size
    3,259 SF
    Lot size
    0.70 Acres

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating)
    Cooling system
    Heat Pump
    Water source
    Public

    Building Details

    Year built
    1900
    Building materials
    Brick
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Rebecca Rideout

    The Property Experts Gville (423) 787-0040

    Listing agent Rebecca Rideout (423) 631-6196 License #330499

    Listing date Nov 30, 2025

    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

    Property Insight Report

    Overview

    Greeneville Commercial Property For Sale

    This commercial property is for sale in the heart of Greeneville, Tennessee. The property is zoned B4, allowing for professional services, retail, or mixed-use. The exterior features original brick. The downstairs was completely renovated into a working medical practice. The upstairs space could be used for living quarters or additional office spaces, with two or possibly three bedrooms and two baths, or the kitchen area could be used as a breakroom. There are two full baths upstairs and a half bath downstairs, which is regulatory for a physician's office. The property includes office/exam rooms, a reception area, and a waiting room. There is dedicated parking and a grassed area to the side. The property is located adjacent to Greeneville Community Hospital and across the street from Greeneville Commons. The lot size is 0.7 acres, and the property size is 3259 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Total Care Massage ... Acupuncture Clinic

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Greeneville
    County
    Greene
    State
    Tennessee
    Longitude
    -82.794112
    Latitude
    36.172302

    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
    • $567,100
      3,200 SF

      Furnished Greeneville Home with B4 Zoning

      Versatile 3-5 bedroom home with commercial potential near hospital.
      1409 Tusculum Blvd, Greeneville, TN 37745
      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
    • New
      $2,000,000
      1,624 SF

      Downtown Greeneville Liquor Store Opportunity

      Established liquor store with high sales volume and expansion potential.
      200 W Summer St, Greeneville, TN 37743
      View Details
    • New
      $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
      Pending

      Greeneville Duplex with Basement Storage

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

      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
    • $499,900
      1,568 SF

      Commercial Building with Highway Visibility

      Versatile commercial building suitable for various business purposes.
      2 Mount Pleasant Circle Ext, Greeneville, TN 37743
      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

    FAQs

    What type of property is this?
    Medical office - Commercial property in the heart of Greeneville, Tennessee.
    Where is this medical office located?
    The property is located at 1606 Hannah St Greeneville, TN.
    What is the asking price?
    The asking price for this property is $299,900.
    What are key features of this property?
    This property features: - Prime location in the heart of Greeneville, adjacent to Greeneville Community Hospital and across from Greeneville Commons.; - Zoned B4, allowing for professional services, retail, or mixed-use development.; - Downstairs completely renovated into a working medical practice with office/exam rooms, reception area, and waiting room.
    (423) 631-6196
    Request Owner's contact information
    1606 Hannah St 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.
    1606 Hannah St
    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
    1606 Hannah St 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
    Rebecca Rideout
    Real Estate License ID: 330499
    (423) 631-6196
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.