Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    1477 E Andrew Johnson Hwy Greeneville, TN

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Parking lot with 510 spaces on busy highway.

    Type:LAND
    Lot size:
    0.31 Acres
    Added:
    Dec 17, 2024
    Days on Market:
    499
    Last Refresh:
    Apr 5 at 11:13 pm

    Property Features for 1477 E Andrew Johnson Hwy

    General Information

    Standard status
    Active
    Lot size
    0.31 Acres
    Property subtype
    LAND

    Spaces For Lease

    at 1477 E Andrew Johnson Hwy Contact us

    We can help!

    Listing Contact
    Scott Zelekowitz

    Listing agent Scott Zelekowitz

    Listing office Gibraltar Management Company, Inc.

    Listing date Dec 17, 2024

    Source Moodyscre

    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 Gibraltar Management Company, Inc.

    Overview

    Parking Lot on Highway

    This property features parking for 510 vehicles. It is situated on the heavily trafficked East Andrew Johnson Highway (Route 118) and benefits from a traffic light entrance into the shopping center. The location is further enhanced by the presence of J C Penney and Kmart across the street, which contribute to increased traffic in the area.
    Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Suggested Use

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

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

    Similar Places Nearby

    • U-Haul Neighborhood Dealer — 1108 Snapps Ferry Rd No 3, Greeneville, TN 37745
    • Penske Truck Rental — 210 Bohannon Ave, Greeneville, TN 37745
    • U-Haul Neighborhood Dealer — 1211 Tusculum Blvd, Greeneville, TN 37745

    Location Insight

    • Map
    • Local Demand
    City
    Greeneville
    County
    Greene
    State
    Tennessee
    Longitude
    -82.7954
    Latitude
    36.1771

    Nearby Similar for Lease

    • $1,600/Mo

      Greeneville Commercial Space For Rent

      1200 sq ft office space in prime location.
      1112 Tusculum Boulevard, Greeneville, TN 37745
      View Details
    • $1,000/Mo

      Versatile Warehouse in Greeneville, TN

      2,394 sq ft warehouse with garage door and ramp.
      110 Austin Street, Greeneville, TN 37745
      View Details
    • $475,000 SF/Yr

      Functional Flex Building in Downtown

      9,432 SF flex building in the heart of Downtown Greeneville.
      105 N College Street, Greeneville, TN 37743
      View Details
    • $5,000/Mo

      Greeneville Retail/Office/Warehouse Space Available

      Retail, office, showroom, and warehouse space for lease.
      403 W Summer Street, Greeneville, TN 37743
      View Details
    • $475,000 SF/Yr

      Retail, Office, and Warehouse Space

      Retail, office, showroom, and warehouse space available for sale/lease.
      403 W Summer Street, Greeneville, TN 37743
      View Details
    • $3,000/Mo

      Downtown Greeneville Retail Space Available

      Large open retail space in downtown Greeneville with ample parking.
      210 W Church Street unit: 210B, Greeneville, TN 37745
      View Details
    • Contact for pricing

      Retail Suites in East Gate Center

      Multiple retail suites available for lease in Greeneville, TN.
      839 Tusculum Blvd , Greeneville, TN
      View Details
    • Contact for pricing

      Spacious Warehouse Near I-81

      13,850 SF warehouse on 4.3 acres near I-81.
      11085 Baileyton Rd, Greeneville, TN
      View Details
    • Contact for pricing

      Retail Space on Highway 11E

      Retail space with ample parking on a busy highway.
      1465-1515 E Andrew Johnson Hwy, Greeneville, TN
      View Details
    • Contact for pricing

      Retail Space in Greeneville Center

      Retail space in a power center with strong anchor tenants.
      1317-1353 Tusculum Blvd, Greeneville, TN
      View Details
    • Contact for pricing

      East Gate Retail Suites Available

      Multiple suites for lease in busy shopping center.
      839 Tusculum Blvd, Greeneville, TN 37745
      View Details

    FAQs

    What type of property is this?
    Parking lot & garage - Parking lot with 510 spaces on busy highway.
    Where is this parking lot & garage located?
    The property is located at 1477 E Andrew Johnson Hwy Greeneville, TN.
    What are key features of this property?
    This property features: Parking for 510 vehicles; Located on busy East Andrew Johnson Highway (Route 118); Traffic light entrance into Shopping Center
    (914) 631-6200 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Scott Zelekowitz
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!