Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Downtown Maryville Versatile Retail Space Title is generated by Realmo AI

    205 Court St, Maryville, TN

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Versatile space in historic building, ideal for various businesses.

    Type:RETAIL
    Property size:
    3,920 SF
    Lot size:
    0.75 Acres
    Added:
    Apr 9, 2025
    Days on Market:
    426
    Last Refresh:
    May 20 at 8:40 pm

    Property Features for 205 Court St

    General Information

    Standard status
    Active
    Size
    3,920 SF
    Lot size
    0.75 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 205 Court St Contact us

    We can help!

    Listing Contact
    Elizabeth Houser
    Elizabeth Houser

    Listing agent Elizabeth Houser License #377171

    Listing office SVN I Wood Properties

    Listing date Apr 9, 2025

    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 SVN I Wood Properties

    HighLights

    • Direct access to Pistol Creek & Greenway, ideal for outdoor seating or employee breaks.
    • Located in the heart of Downtown Maryville’s revitalization.
    • Versatile spaces suitable for restaurant, brewery, fitness, creative office, or retail.
    • Bay doors on both floors, allowing for natural light and potential indoor‑outdoor activation.
    • Located in the historic J&K Building, originally built in 1941.
    • 3,920 SF (Basement Level)

    Overview

    Located in the heart of Downtown Maryville's revitalization, the property at 201-203 S Court Street offers a versatile space in the historic J&K Building, originally built in 1941. The available space is 3,920 square feet on the basement level. The space is a blank slate ready for restaurant, brewery, fitness, creative office, or retail use. Bay doors on both floors allow for natural light and potential indoor-outdoor activation. The property has direct access to Pistol Creek & Greenway, making it ideal for outdoor seating or employee breaks. Maryville College has transformed the top floor into The Downtown Center, a hub for hospitality, fermentation sciences, and community engagement.
    Property Profile Location Intelligence

    Current Use by Public Records

    Tri-Hop Brewery Production Facility

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Maryville
    County
    Blount
    State
    Tennessee
    Longitude
    -83.9699
    Latitude
    35.7557

    Nearby Similar for Lease

    • $21 SF/Yr
      1,275 SF

      Medical Office Shell Space

      Shell space in multi-tenant medical office complex for rent.
      2020 E Lamar Alexander Parkway, Maryville, TN 37802
      View Details
    • $21 SF/Yr
      31,027 SF

      Medical Office Space For Rent

      Shell space in established medical park, customizable build-out options.
      2020 E Lamar Alexander Parkway, Maryville, TN 37802
      View Details
    • $20 SF/Yr
      448,050 SF

      Premier Shopping Destination in Maryville

      Foothills Mall: Retail, dining, and entertainment destination.
      197 Foothills Mall Drive, Maryville, TN 37801
      View Details
    • $5,000/Mo

      Flex Space with Warehouse Component

      Office and warehouse space with renovation and expansion potential.
      116 Tennessee St, Maryville, TN 37804
      View Details
    • $5,000/Mo

      Office/Flex Space with Warehouse

      Versatile space with office, warehouse, and expansion potential.
      116 Tennessee St, Maryville, TN 37804
      View Details
    • $14 SF/Yr
      22,960 SF

      Maryville Industrial Campus Lease Opportunity

      Rare opportunity: office and warehouse space in Maryville, Tennessee.
      3806 E Lamar Alexander Pkwy, Maryville, TN 37804
      View Details
    • $20 SF/Yr
      3,000 SF

      Versatile Flex Space Available

      Flex space with office and warehouse components for lease.
      116 Tennessee St, Maryville, TN
      View Details
    • $23 SF/Yr
      1,275 SF

      Maryville Office Space For Lease

      Multi-tenant office complex near Blount Memorial Hospital.
      2020-2036 E Lamar Alexander Pkwy, Maryville, TN
      View Details
    • $20 SF/Yr

      Premier Shopping Destination in Maryville

      Retail spaces available in Foothills Mall, Maryville, Tennessee.
      197 Foothills Mall Drive, Maryville, TN 37801
      View Details
    • $24 SF/Yr
      2,750 SF

      Renovated Historic Office Building

      Renovated office building in Maryville with storage space.
      908 W Broadway Ave, Maryville, TN
      View Details
    • $800/Mo
      200 SF

      One Room Office For Rent

      One-room office space available for single occupancy.
      301-329 Ellis Ave, Maryville, TN
      View Details
    • Contact for pricing

      Downtown Maryville Retail Space Available

      Two versatile retail spaces in historic downtown Maryville building.
      201-203 S Court St, Maryville, TN 37804
      View Details

    FAQs

    What type of property is this?
    Retail space - Versatile space in historic building, ideal for various businesses.
    Where is this retail space located?
    The property is located at 205 Court St Maryville, TN.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Direct access to Pistol Creek & Greenway, ideal for outdoor seating or employee breaks.; Located in the heart of Downtown Maryville’s revitalization.; Versatile spaces suitable for restaurant, brewery, fitness, creative office, or retail.
    (513) 315-7694 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Elizabeth Houser
    Elizabeth Houser
    Real Estate License ID: 377171
    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
    205 Court St, Maryville, TN
    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!