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

    3500 Pines Rd Greeneville, TN 37745

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    13.96-acre former school, 35,729 SF

    Property size:
    35,729 SF

    Property Features for 3500 Pines Rd

    General Information

    Property type
    Schools
    Square Feet
    35,729 SF
    Lot Size
    608,098 SF

    Building Details

    Buildings
    1
    Stories
    1
    Units
    1

    We can help!

    Listing Contact
    John Speropulos, Sior, Ccim
    John Speropulos, Sior, Ccim

    Listing Agency: Mitch Cox Realtor, Inc. Listing Agent: John Speropulos, Sior, Ccim

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Exceptional redevelopment opportunity awaits with this 35,729-square-foot former school situated on a spacious 13.96-acre lot in Greeneville, Tennessee. Conveniently located approximately 1.5 miles from I-81, Exit 44, and within 13 miles of the I-81/I-26 interchange, this property offers unparalleled accessibility to the Tri-Cities area. The single-story building boasts 17 classrooms, supplemented by two additional modular classrooms, providing ample space for various uses. Two administrative offices, a cafeteria, and a gymnasium complete with a regulation basketball court, fold-away bleachers, and scoreboards are also included. Two storage areas offer additional utility. Outdoor amenities include a baseball field, playground, and a covered picnic pavilion. The property is zoned A-1 and features a newly installed 8-10 inch waterline on W Pine Rd. The asking price is $1,795,000, translating to $50.24 per square foot. This unique property presents a rare chance to acquire a substantial building with extensive outdoor space, ideal for a variety of commercial or community-focused projects. The property's location and existing infrastructure make it an attractive investment opportunity. The address is 3500 W Pines Rd, Greeneville, TN 37745.
    Property Profile Location Intelligence

    Current Use by Public Records

    West Pine Head ... High School

    Suggested Use

    Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Greeneville
    County
    Greene
    State
    Tennessee
    Longitude
    -82.7174743
    Latitude
    36.3406539

    Nearby Similar for Sale

    • New
      $229,000
      1,500 SF

      Greeneville Automotive Repair Shop

      Established automotive repair shop on a 0.33-acre lot.
      1930 Snapps Ferry Rd, Greeneville, TN 37745
      View Details
    • $480,000
      2,145 SF

      Greeneville Commercial Property For Sale

      Commercial property in high-traffic location suitable for office or retail.
      3509 E Andrew Johnson Hwy, Greeneville, TN 37745
      View Details
    • $264,000
      2,400 SF

      Commercial Building in Greeneville, TN

      Commercial building with loading dock and spacious office space.
      1014 W Main St, Greeneville, TN 37743
      View Details
    • $264,000
      2,400 SF

      Commercial Building in Greeneville, Tennessee

      Commercial building with loading dock and spacious office space.
      1014 W Main St, Greeneville, TN 37743
      View Details
    • New
      $469,000
      2,100 SF

      Turnkey Daycare Facility For Sale

      Fully equipped daycare center ready for immediate operation in Greeneville, TN.
      208 Majestic Cir, Greeneville, TN 37743
      View Details
    • New
      $750,000
      5,000 SF

      20 Acres with Shop and Pond

      20-acre property with shop, apartment, pond, and mountain views.
      290 Roaring Fork Rd, Greeneville, TN 37745
      View Details
    • $2,000,000
      Pending

      Downtown Greeneville Liquor Store Opportunity

      Established liquor store with high sales volume and expansion potential.
      200 W Summer St, Greeneville, TN 37743
      View Details
    • $849,900
      3,825 SF

      Retail/Office/Restaurant Opportunity in Greeneville

      Retail, restaurant, or office space in a prime location.
      914 Snapps Ferry Rd, Greeneville, TN 37745
      View Details
    • New
      $499,900
      53.50 Acres

      Greeneville Farm with Open Pasture

      53.5-acre farm ideal for cattle, horses, and agricultural use.
      Hoover Rd, Greeneville, TN 37745
      View Details
    • $299,900
      3,259 SF

      Greeneville Commercial Property For Sale

      Commercial property in the heart of Greeneville, Tennessee.
      1606 Hannah St, Greeneville, TN 37745
      View Details
    • $170,000
      2,261 SF

      Restaurant Building on Corner Lot

      Restaurant with equipment included, located near downtown Greeneville.
      102 E Hardin St, Greeneville, TN 37745
      View Details
    • $499,900
      3,200 SF

      Greeneville Home with Commercial Potential

      Home with B4 zoning, suitable for residential or commercial use.
      1409 Tusculum Blvd, Greeneville, TN 37745
      View Details

    FAQs

    What type of property is this?
    School - 13.96-acre former school, 35,729 SF
    Where is this school located?
    The property is located at 3500 Pines Rd Greeneville, TN.
    What is the asking price?
    The asking price for this property is $1,795,000.
    What are key features of this property?
    This property features: $1,795,000 asking price for this 35,729 SF special purpose property.; Located at 3500 W Pines Rd, Greeneville, TN 37745, approximately 1.5 miles from I-81, Exit 44.; Features 17 classrooms, 2 modular classrooms, 2 administrative offices, cafeteria, gym, and 2 storage rooms.
    (423) 677-8203 Call to check price and availability
    Request Owner's contact information
    3500 Pines Rd Greeneville, TN 37745
    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.
    3500 Pines Rd
    Greeneville, TN 37745
    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
    3500 Pines Rd Greeneville, TN 37745
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing John Speropulos, Sior, Ccim
    John Speropulos, Sior, Ccim
    Real Estate License ID: 273807
    (423) 677-8203 (423) 282-6582
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!