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    207 Highway 321 unit 1 Hampton, TN 37658

    View on Map
    New
    For Lease
    $950 /Mo

    COMMERCIAL - Hampton, TN

    Property size:
    1,620 SF
    Lot size:
    0.03 Acres
    Added:
    Mar 31, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 1 at 9:06 am

    Property Features for 207 Highway 321 unit 1

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    B2
    Parking
    10
    Standard status
    Active
    APN
    066c B 006.00
    Size
    1,620 SF
    Lot size
    0.03 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    677

    Utilities

    Utilities
    Cable Available
    Sewer type
    Private Sewer, Septic Tank
    Heating system
    Heat Pump (Heating), Electric (Heating), Central
    Cooling system
    Heat Pump
    Water source
    Public

    Building Details

    Year built
    1940
    Building materials
    Block
    Roof type
    Metal

    We can help!

    Listing Contact
    Penny Woodson

    Listing agent Penny Woodson License #287667

    Listing office Highland Ridge Properties LLC 263 Cole Hollow Rd, TN

    Listing date Mar 31, 2026

    MLS# 9993151

    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.

    Overview

    Versatile Commercial Space in Hampton, TN

    This 1,628 sq ft commercial space in Hampton, TN, offers a versatile opportunity for establishing a business. The property has a history of successful operations, including a produce sales outlet and a fly-fishing shop. The layout features an open public/service area and a separate kitchen equipped with a refrigerator, hood vent, and prep tables. There are two restrooms, one for employees and another for customers. Modern improvements include HVAC, updated 200-amp electrical service, PEX plumbing, and a recently installed 50-gallon water heater. A camera system enhances security. The property features front picture windows and a sliding service window. Located on Hwy 321/67, past the Dollar General, the space offers visibility and access for customers. There is ample off-street parking with 10+ spaces available. The property is available for lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Auto Repair Shop Pharmacy Department Store Food Market Storage Facility Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hampton
    County
    Carter
    State
    Tennessee
    Longitude
    -82.171154
    Latitude
    36.286879

    FAQs

    What type of property is this?
    Retail space - Adaptable 1,628 sq ft commercial space for lease in Hampton.
    Where is this retail space located?
    The property is located at 207 Highway 321 unit 1 Hampton, TN.
    What is the lease rate?
    The lease rate is $950 /Mo.
    What are key features of this property?
    This property features: Versatile 1,628 sq ft commercial space suitable for various businesses.; Excellent visibility and easy access on Hwy 321/67, past Dollar General.; Ample off‑street parking with 10+ spaces.
    (423) 297-1600
    We can help!
    Listing Contact
    Penny Woodson
    Real Estate License ID: 287667
    Learn More
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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
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