Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Medical/Dental Building For Sale Title is generated by Realmo AI

    1203 E College St, Brownsville, TN 38012

    View on Map
    Claim this Listing
    For Sale
    $484,000

    Well-maintained commercial building with operative rooms, ready for business.

    Type:Office
    Property size:
    4,291 SF
    Price / SF:
    $112/SF
    Added:
    Nov 14, 2022
    Days on Market:
    1297
    Last Refresh:
    May 12 at 9:00 pm

    Property Features for 1203 E College St

    General Information

    Standard status
    Active
    Size
    4,291 SF
    Property subtype
    Office

    Building Details

    Year Built
    2005

    We can help!

    Listing Contact
    Jane Harden

    Listing agent Jane Harden

    Listing office Hickman Realty Group, Inc.-hum

    Listing date Nov 14, 2022

    Source Xome

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Hickman Realty Group, Inc.-hum

    HighLights

    • 4149 sq ft Commercial Medical/Dental Building
    • Features 8 Operative Rooms
    • 4 Restrooms (including 3 Guest Facilities)
    • 1.79 Acre Lot with 45 Parking Spaces
    • Conference Room and Team Kitchen
    • Well‑Maintained Building Built in 2005

    Overview

    This commercial medical/dental building offers 4,149 square feet of space. The well-constructed and maintained building is designed to accommodate a new business. The layout includes a large waiting room, four restrooms, a conference room, a team kitchen, two private offices, and eight operative rooms. The property size is 4,291 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Madison Wallace Physician Jamie Ellerbrook Physician Jane Walker Physician

    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
    Brownsville
    County
    Haywood
    State
    Tennessee
    Longitude
    -89.245292
    Latitude
    35.604279

    Nearby Similar for Sale

    • $1,000,000
      7,916 SF

      Commercial Property in Brownsville, TN

      Investment opportunity with five commercial rental units in high-visibility location.
      317 W Main Street, Brownsville, TN 38012
      View Details
    • $1,500,000
      14,196 SF

      Brownsville Retail Investment Opportunity

      Commercial property with 12 units, anchored by Domino's Pizza.
      251 W Main Street, Brownsville, TN 38012
      View Details
    • $200,000
      1,617 SF

      Brownsville Duplex For Sale

      Duplex in Brownsville with hardwood floors and new roof.
      929 E College Street, Brownsville, TN 38012
      View Details
    • $275,000
      5,861 SF

      Commercial Property in Brownsville, TN

      5,861 sqft commercial property with subdivision potential.
      1125 E COLLEGE St, Brownsville, TN 38012-2657
      View Details
    • $750,000
      6,468 SF

      Brownsville Multifamily Investment Opportunity

      Six-unit multifamily property in Brownsville, TN with immediate cash flow.
      213 N Washington Avenue, Brownsville, TN 38012
      View Details
    • Contact for pricing
      3,753 SF

      Restaurant Building Near Interstate 40

      Freestanding 3,753 SF restaurant on 1.2 acres for sale.
      2519 Anderson Ave, Brownsville, TN 38012
      View Details
    • $10,450,000
      270,354 SF

      Industrial Storage and Distribution Complex

      Large industrial complex on 22 acres in Haywood County, TN.
      6263 TN-54, Brownsville, TN 38012
      View Details
    • $725,000

      Productive Row-Crop Farm in Tennessee

      96.5-acre farm with irrigation near Hwy 54, Brownsville, TN.
      Highway 54 N Of, Brownsville, TN 38012
      View Details
    • $170,000
      1,716 SF

      Retail Property in Brownsville, TN

      Retail property for sale in Brownsville, Tennessee with 1716 square feet.
      1150 N McLemore Avenue, Brownsville, TN 38012
      View Details
    • $170,000
      1,716 SF

      Commercial Property on McLemore Avenue

      Commercial property for sale with 1716 square feet.
      1150 N McLemore Avenue, Brownsville, TN 38012
      View Details
    • $230,000
      2,147 SF

      Brownsville Duplex: Investment Opportunity

      Well-maintained duplex in Brownsville, TN, with immediate income potential.
      917 ANDERSON Ave, Brownsville, TN 38012-3500
      View Details
    • $4,162,500
      81,570 SF

      Brownsville Retail Shopping Center Opportunity

      81,570 SF retail center with value-add potential in Brownsville.
      323 E Main St, Brownsville, TN 38012
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Well-maintained commercial building with operative rooms, ready for business.
    Where is this medical office space located?
    The property is located at 1203 E College St Brownsville, TN.
    What is the asking price?
    The asking price for this property is $484,000.
    What are key features of this property?
    This property features: 4149 sq ft Commercial Medical/Dental Building; Features **8 Operative Rooms**; 4 Restrooms (including 3 Guest Facilities)
    We can help!
    Listing Contact
    Jane Harden
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1203 E College St, Brownsville, TN 38012
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!