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    The Largest CRE Database in the US with Over 1 Million Listings

    200 W Summer St Greeneville, TN 37743

    Sponsored
    For Sale
    Pending
    $2,000,000

    COMMERCIAL - Greeneville, TN

    Property size:
    1,624 SF
    Lot size:
    0.30 Acres
    Days on Market:
    34
    Last Refresh:
    Feb 25 at 2:06 am

    Property Features for 200 W Summer St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    B4
    APN
    098f G 032.02
    Parking
    9
    Size
    1,624 SF
    Lot size
    0.30 Acres

    Utilities

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

    Building Details

    Year built
    1924
    Building materials
    Vinyl Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    Jacob Ball

    Greeneville Real Estate Specialists (423) 620-5258

    Listing agent Jacob Ball (423) 823-8011 License #368898

    Listing date Jan 23, 2026

    MLS# 9989187

    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

    Downtown Greeneville Liquor Store Opportunity

    This commercial property presents an opportunity to own a liquor store in downtown Greeneville, Tennessee. Established in 1975 and family-operated since 1987, the store is situated on a corner lot one street from Depot Street, which hosts frequent events. The location benefits from daily traffic counts exceeding 5,000. The business has been recognized as Greeneville's Best of the Best Liquor Store for eight years. The store generates in-house sales exceeding $1,500,000 annually, supplemented by ATM lease income and increasing Doordash sales. The property includes a lease to a bank for an ATM location. The store has the potential to expand its offerings or streamline its current inventory. The zoning allows for store expansion, and its downtown location makes it eligible for facade grants. The property has a 1624 square foot store on a 0.3-acre lot. A new roof, cooler, and HVAC system were installed in 2014. The inventory at the time of listing was valued at $441,692 (cost) with an estimated retail value of $635,562. The zoning is B4. The property is located in Greene County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Towne Square Package ... (Bike/Boat/Book/etc) Store Top Dog Hot ... Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Greeneville
    County
    Greene
    State
    Tennessee
    Longitude
    -82.833668
    Latitude
    36.163334

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    FAQs

    What type of property is this?
    Grocery and convenience store - Established liquor store with high sales volume and expansion potential.
    Where is this grocery and convenience store located?
    The property is located at 200 W Summer St Greeneville, TN.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: - Prime corner lot location in Downtown Greeneville near Depot Street events and high traffic (5,000+ daily).; - Established business with strong sales exceeding $1,500,000 annually, ATM lease income, and growing Doordash sales.; - Voted "Best of the Best" liquor store for 8 years, indicating strong customer loyalty and brand recognition.
    (423) 823-8011
    Request Owner's contact information
    200 W Summer St Greeneville, TN 37743
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    Greeneville, TN 37743
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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
    200 W Summer St Greeneville, TN 37743
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    We can help!
    Listing Contact
    Jacob Ball
    Real Estate License ID: 368898
    (423) 823-8011
    Learn more
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