Historic Clubhouse Reuse
631 Mississippi Ave Signal Mountain, TN 37377
For Sale
$379,000
Single-story clubhouse with divisible interior layout and concrete block construction on a 0.58-acre parcel.
Property Size3,240 SF
Lot Size0.58 Acres
Price / SF$116.98
Days on Market38
Property Features for 631 Mississippi Ave
General Information
Standard status
Active
Size
3,240 SF
Lot size
0.58 Acres
Listing Agency:
Stones River Property Mgmt & Real Estate
(423) 716-0065
Listed By:
Paige Hooper · License #381658
(423) 716-0065
Source:
Exprealty
Added: Jun 22
Changed: Jul 25
Last Checked: Jul 26 at 10:05PM
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 Stones River Property Mgmt & Real Estate
Investment Insights
Based on property information with market context.
631 Mississippi Avenue offers a distinctive single-story clubhouse built in 1948, constructed with solid concrete block and an asphalt roof. The interior features a flexible open floor plan designed to support divisible use, with infrastructure already in place for redevelopment and repositioning.
The property is located in an established Signal Mountain neighborhood with convenient access to local schools and amenities. It is zoned Other Services.
With its strong existing structure and adaptable layout, the building can be considered for a range of special-purpose redevelopment concepts, including an event venue, community center, or organizational headquarters.
The property is located in an established Signal Mountain neighborhood with convenient access to local schools and amenities. It is zoned Other Services.
With its strong existing structure and adaptable layout, the building can be considered for a range of special-purpose redevelopment concepts, including an event venue, community center, or organizational headquarters.
Key Highlights
- 3,240 SF single‑story clubhouse on a 0.58‑acre parcel in Signal Mountain
- Built in 1948 with solid concrete block construction and a flexible open floor plan
- Zoned Other Services and includes interior layout that supports divisible use
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.9k | $11.40 |
| − Vacancy | −$1.5k | −$0.47 |
| EGI | $35.4k | $10.93 |
| − OpEx | −$8.9k | −$2.73 |
| NOI | $26.6k | $8.20 |
3,240 SF · lease $11.40/SF/yr · vacancy 4.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$379.5K
$332.1K – $442.8K
NOI $26,566 @ 7.0% cap · market cap 7.01%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$538.0K
$470.8K – $627.7K
NOI $37,663 @ 7.0% cap · market cap 9.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Single-story clubhouse with divisible interior layout and concrete block construction on a 0.58-acre parcel.
Where is this office units located?
The property is located at 631 Mississippi Ave Signal Mountain, TN.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: 3,240 SF single‑story clubhouse on a 0.58‑acre parcel in Signal Mountain; Built in 1948 with solid concrete block construction and a flexible open floor plan; Zoned Other Services and includes interior layout that supports divisible use
