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    Versatile Investment Opportunity in Mount Carmel Title is generated by Realmo AI

    200 & 202 W Main Street, Mount Carmel, TN 37645

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    Claim this Listing
    For Sale
    $389,900

    COMMERCIAL - Mount Carmel, TN

    Property size:
    2,250 SF
    Lot size:
    1.00 Acre
    Price / SF:
    $173/SF
    Added:
    Apr 20, 2026
    Days on Market:
    47
    Last Refresh:
    Jun 5 at 2:06 am

    Property Features for 200 & 202 W Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    MX-2
    Fireplace
    1
    Standard status
    Active
    APN
    033a B 00800 000
    Size
    2,250 SF
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Tax Annual Amount
    1093

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Fireplace(s)
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1945
    Building materials
    Asbestos, Vinyl Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    Dominick Abate

    Listing agent Dominick Abate License #373146

    Listing office The Addington Agency Bristol 121 Bluff City Hwy, Bristol, TN

    Listing date Apr 20, 2026

    MLS# 9994140

    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.

    HighLights

    • Valuable MX2 zoning allows for diverse development opportunities.
    • Immediate cash flow from two tenant‑occupied rental units ($1,295 and $950 per month).
    • Approximately one acre of level, usable land in a prime in‑town location.
    • Highly visible location in the heart of Mount Carmel.
    • Excellent investment and development opportunity with strong upside potential.
    • Existing utilities (Cable Available, Public Water, Public Sewer).

    Overview

    Located in Mount Carmel, this property presents an investment and development opportunity. The property is situated in a visible location and features MX2 zoning, offering flexibility for investors, business owners, and developers. The site includes approximately one acre of level land. The zoning allows for a range of possibilities, including expanding a rental portfolio, developing additional residences, exploring mixed-use potential, or creating a new commercial concept. The property includes two income-producing dwellings, both tenant occupied. One residence rents for $1,295 per month, and the second rents for $950 per month. The property contains 2,250 square feet. Located at 200 & 202 W Main Street, Mount Carmel, TN 37645, this property offers existing rental income and usable land.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Carmel
    County
    Hawkins
    State
    Tennessee
    Longitude
    -82.659693
    Latitude
    36.542472

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    FAQs

    What type of property is this?
    Mixed-use property - Income-producing property with development potential in a prime location.
    Where is this mixed-use property located?
    The property is located at 200 & 202 W Main Street Mount Carmel, TN.
    What is the asking price?
    The asking price for this property is $389,900.
    What are key features of this property?
    This property features: Valuable MX2 zoning allows for diverse development opportunities.; Immediate cash flow from two tenant‑occupied rental units ($1,295 and $950 per month).; Approximately one acre of level, usable land in a prime in‑town location.
    (276) 275-7883
    We can help!
    Listing Contact
    Dominick Abate
    Real Estate License ID: 373146
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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.

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