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    Mixed-Use Building with Restaurant Lease Title is generated by Realmo AI

    114 E Main Street, Rogersville, TN 37857

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    For Sale
    $999,900

    COMMERCIAL - Rogersville, TN

    Property size:
    4,800 SF
    Price / SF:
    $208/SF
    Added:
    Jun 5, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 6 at 2:06 pm

    Property Features for 114 E Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    HB-2
    Standard status
    Active
    APN
    100l E 003.03
    Size
    4,800 SF

    Taxes and HOA fees

    Tax Annual Amount
    2566

    Utilities

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

    Building Details

    Year built
    1925
    Building materials
    Brick
    Roof type
    Built-Up, Composition

    We can help!

    Listing Contact
    Cynthia Jackson
    Cynthia Jackson

    Listing agent Cynthia Jackson License #243977

    Listing office Cynthia Bundren Jackson Realty 1111 E Main Street, TN

    Listing date Jun 5, 2026

    MLS# 9996412

    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

    • Brick mixed‑use building with a spacious upper‑level apartment and commercial space on the main floor
    • Historic downtown location at 114 East Main Street, Rogersville
    • Extensive renovations include updated electrical, plumbing, windows, doors, kitchen, and bathroom
    • Heat pump heating and cooling; public water and public sewer
    • Roof: built‑up and composition; cable available
    • Restaurant tenant on a 30‑day lease

    Overview

    114 E Main Street in Rogersville is a mid-19th-century brick mixed-use building with historic architectural character and modern updates. The main floor includes commercial space, while the upper level provides a spacious apartment. The building features high ceilings and large arched windows overlooking Main Street. Renovations noted include updated electrical and plumbing, as well as improvements to windows, doors, kitchen, and bathroom, with the historic details preserved.

    The property is situated in the heart of Rogersville’s historic downtown district. Public remarks describe convenient private parking and strong day-to-day visibility with steady pedestrian traffic associated with nearby downtown restaurants, shops, and local attractions. Zoning is listed as HB-2, and the offering includes the address at 114 E Main Street, Rogersville, TN 37857.

    For tenants, this format supports either a commercial operator on the main level with an on-site residential component above, or a user who wants flexible mixed-use occupancy. The restaurant is currently on a 30-day lease, which may appeal to buyers seeking an income-producing component while retaining control over longer-term plans. Buyer and buyer’s agent should verify all information.
    Property Profile Location Intelligence

    Current Use by Public Records

    Little Town Italian Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Rogersville
    County
    Hawkins
    State
    Tennessee
    Longitude
    -83.005891
    Latitude
    36.406816

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    FAQs

    What type of property is this?
    Mixed-use property - Brick mixed-use building with renovated interior, an upper apartment, and a main-floor restaurant on a short lease.
    Where is this mixed-use property located?
    The property is located at 114 E Main Street Rogersville, TN.
    What is the asking price?
    The asking price for this property is $999,900.
    What are key features of this property?
    This property features: Brick mixed‑use building with a spacious upper‑level apartment and commercial space on the main floor; Historic downtown location at 114 East Main Street, Rogersville; Extensive renovations include updated electrical, plumbing, windows, doors, kitchen, and bathroom
    (423) 754-3502
    We can help!
    Listing Contact
    Cynthia Jackson
    Cynthia Jackson
    Real Estate License ID: 243977
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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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