Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Dover Commercial Property on Highway Title is generated by Realmo AI

    1225 Spring ST, Dover, TN 37058

    View on Map
    Claim this Listing
    For Sale
    $189,900

    COMMERCIAL - DOVER, TN

    Property size:
    2,768 SF
    Lot size:
    0.64 Acres
    Price / SF:
    $68/SF
    Added:
    Jan 2, 2026
    Days on Market:
    141
    Last Refresh:
    May 23 at 10:06 am

    Property Features for 1225 Spring ST

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    C2
    Standard status
    Active
    APN
    8.00 portion
    Size
    2,768 SF
    Lot size
    0.64 Acres

    Taxes and HOA fees

    Tax Description
    Map 84E-A-Parcel 8.00-portion
    Tax Annual Amount
    1883

    Building Details

    Year built
    1977

    We can help!

    Listing Contact
    Teresa Howell
    Teresa Howell

    Listing agent Teresa Howell License #251132

    Listing office Spotlight Properties, LLC. 620 Donelson Parkway, Suite B P.O. Box 250, Dover, TN

    Listing date Jan 2, 2026

    MLS# 135155

    Copyright © 2026 Tennessee Valley Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High visibility location on Spring St/Hwy 49 within city limits.
    • Ready to occupy 2768 SF renovated building, previously a medical office.
    • Multiple rooms/exam rooms with sink/cabinet stations, conference room, break room, and laboratory area.
    • ADA accessibility: ADA entrance door and restroom.
    • Partial storage basement with walk‑in and garage door access.
    • 0.64 acre lot with back lot for expansion; city water and sewer.

    Overview

    Located on Spring Street/Highway 49 in Dover, Tennessee, this commercial property offers a high-visibility location on a 0.64-acre lot within city limits. The renovated building, which includes an addition, provides 2768 square feet on the main level, along with a partial storage basement and a garage door, offering a variety of potential uses. Previously used as a medical office, the property features an ADA entrance door, side double covered doors, and a private entrance on the main level. Inside, there is a front lobby with a divided slider to a lobby office and an ADA restroom. The layout includes multiple rooms, some equipped with sink/cabinet stations, while others are without. Additional spaces include a conference room, break room, laboratory area, storage room, and an IT room with a mini-split system for temperature control. The property also features ample hallway space, an intercom system, two central units (one central H&A, one electric air/propane heat), and two mini-splits. City water and sewer services are available. The back lot offers potential for expansion.
    Property Profile Location Intelligence

    Current Use by Public Records

    For Your Family Healthcare Medical Clinic Cheathams Radio & TV ... Radio Station Labcorp Inc Laboratory

    Suggested Use

    Building Supply Dental Office Auto Repair Shop Hotel & Motel Department Store Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Dover
    County
    Stewart
    State
    Tennessee
    Longitude
    -87.815301
    Latitude
    36.479818

    FAQs

    What type of property is this?
    Medical Office Space - High-visibility commercial building with renovation and expansion potential.
    Where is this medical office space located?
    The property is located at 1225 Spring ST Dover, TN.
    What is the asking price?
    The asking price for this property is $189,900.
    What are key features of this property?
    This property features: High visibility location on Spring St/Hwy 49 within city limits.; **Ready to occupy 2768 SF renovated building**, previously a medical office.; Multiple rooms/exam rooms with sink/cabinet stations, conference room, break room, and laboratory area.
    (931) 627-0257
    We can help!
    Listing Contact
    Teresa Howell
    Teresa Howell
    Real Estate License ID: 251132
    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
    1225 Spring ST, DOVER, TN 37058
    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!