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Property profile & analytics
FOR SALE
Office Spaces

1225 Spring St Dover, TN 37058

5,280 SF 1.2 ac lot Built 1977
Individually Owned Free & Clear
Property ID
US80-2902862
Property summary
AI-generated overview

This exceptional mixed-use property, situated on a highly visible 0.64-acre lot on Spring Street/Highway 49 in Dover, Tennessee, presents a remarkable investment opportunity. The 2,768 square foot building is ready for immediate occupancy and offers a versatile layout ideal for a variety of commercial uses. Previously utilized as a medical office, the renovated structure boasts numerous features designed for optimal functionality and accessibility. These include an ADA-compliant entrance, side double covered doors, and a private main level entrance. The interior comprises a welcoming front lobby with a divided slider leading to a lobby office and an ADA-compliant restroom. Multiple rooms, suitable for exam rooms or offices, feature sink/cabinet stations, while others offer flexibility without built-in sinks. A conference room, break room, laboratory area, storage room, and an IT room equipped with a mini-split for temperature control are also included. Ample hallway space ensures efficient traffic flow, complemented by an intercom system. The building benefits from two central heating and air conditioning units (one central H&A, one electric air/propane heat) and two mini-splits. City water and sewer services are connected. A sizable back lot provides potential for future expansion. This property's prime location, extensive renovations, and adaptable floor plan make it an attractive prospect for discerning investors and business owners seeking a well-equipped and conveniently located space.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1977
Total area 5,280 SF
Lot 1.2 ac (52,272 SF)
APN 081084E A 00800 001
UPID US80-2902862
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • For Your Family Healthcare Medical Clinic
  • Cheathams Radio & TV Services Inc Radio Station Telecommunications Service
  • Labcorp Inc Laboratory
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$770k
Comparable Approach Comparable
$589k
Blend (final) Blend
$685k
Owner & transaction history
DAVID R CHEATHAM
DAVID R CHEATHAM
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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