Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Commercial Land on Congress Parkway Title is generated by Realmo AI

    Congress Parkway NW lot 4, Athens, TN 37303

    View on Map
    Claim this Listing
    Picture of Commercial land at Congress Parkway NW lot 4, Athens, TN
    For Sale
    $408,375

    COMMERCIAL - Athens, TN

    Lot size:
    1.20 Acres
    Added:
    Jul 6, 2025
    Days on Market:
    332
    Last Refresh:
    Jun 2 at 3:06 am

    Property Features for Congress Parkway NW lot 4

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Multi Use
    Standard status
    Active
    APN
    047 279.04
    Lot size
    1.20 Acres

    Taxes and HOA fees

    Tax Annual Amount
    9325

    We can help!

    Listing Contact
    Jonathan Kraft

    Listing agent Jonathan Kraft License #338575

    Listing office Crye-Leike REALTORS - Cleveland 4627 N Lee Highway, TN

    Listing date Jul 6, 2025

    MLS# 20253373

    Copyright © 2026 River Counties 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 and traffic count due to location on S. Congress Parkway.
    • 1.25 acre lot size.
    • Adjacent to another 1.25 acre lot, allowing for a combined 2.5 acre pad.
    • Flat and cleared land.
    • Surrounded by professional businesses and retail.
    • Located in Athens, TN.

    Overview

    This 1.2 acre commercial land is located on S. Congress Parkway in Athens, TN, offering good visibility and traffic count. The property is flat, cleared, and surrounded by professional businesses and retail establishments. An adjacent 1.25 acre parcel is also available, creating a potential 2.5 acre pad if combined. The property is zoned for multi-use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Athens
    County
    McMinn
    State
    Tennessee
    Longitude
    -84.606664
    Latitude
    35.467411

    Nearby Similar for Sale

    • $1,050,000
      9,402 SF

      Three-Story Commercial Building in Athens

      9,402 SF commercial building in downtown Athens, Tennessee.
      2 Park Street, Athens, TN 37303
      View Details
    • $394,000
      3,067 SF

      Historic Mixed-Use Building in Athens

      Spacious 1930s building in downtown Athens, Tennessee.
      203 W Washington Avenue, Athens, TN 37303
      View Details
    • $2,900,000
      112,529 SF

      98,529 SF Commercial Opportunity

      Two-building commercial property with office, retail, and warehouse space.
      1612 Congress Parkway S, Athens, TN 37303
      View Details
    • $995,000

      Prime Commercial Land Opportunity

      3 acres of commercial land with interstate visibility.
      Holiday Drive, Athens, TN 37303
      View Details
    • $499,000
      7,308 SF

      Multi-Unit Building in Athens, TN

      All brick multi-unit building with income opportunities in Athens.
      206-216 E Madison Avenue, Athens, TN 37303
      View Details
    • $385,000
      2,130 SF

      High Visibility Commercial Space

      Adaptable commercial space with apartment in Athens, Tennessee.
      1400 Decatur Pike, Athens, TN 37303
      View Details
    • $715,000
      9,600 SF

      Athens Retail Property For Sale

      Retail property with multiple units in a high-traffic area.
      702 S White Street, Athens, TN 37303
      View Details
    • $124,900
      1,500 SF

      Athens Commercial Building For Sale

      1500 SF commercial building with road frontage in Athens, TN.
      2405 Clearwater Road, Athens, TN 37303
      View Details
    • $299,000
      1,692 SF

      Commercial Property with Drive-Thru Lanes

      Commercial property featuring ATM and multiple drive-thru lanes.
      1 Park Street, Athens, TN 37303
      View Details
    • $167,000
      1,760 SF

      Versatile Commercial Building in Athens

      1,760 SF commercial building suitable for diverse uses.
      1027 Moore Street, Athens, TN 37303
      View Details
    • $309,900

      Remodeled Duplex in Athens, TN

      Completely remodeled duplex near shopping, medical offices, and schools.
      104 Pine St, Athens, TN 37303
      View Details
    • $309,900
      2,049 SF

      Remodeled Duplex in Athens, TN

      Completely remodeled duplex near shopping, medical offices, and schools.
      104 Pine Street, Athens, TN 37303
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.2 acre commercial land with high visibility in Athens.
    Where is this commercial land located?
    The property is located at Congress Parkway NW lot 4 Athens, TN.
    What is the asking price?
    The asking price for this property is $408,375.
    What are key features of this property?
    This property features: High visibility and traffic count due to location on S. Congress Parkway.; 1.25 acre lot size.; Adjacent to another 1.25 acre lot, allowing for a combined 2.5 acre pad.
    (423) 284-8004
    We can help!
    Listing Contact
    Jonathan Kraft
    Real Estate License ID: 338575
    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
    Congress Parkway NW lot: 4, Athens, TN 37303
    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!