Commercial Real Estate Market in Three Way, TN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
119 active listings and 662 off-market properties in Three Way, TN. Commercial property asks $87/SF to buy and $15.33/SF/Yr to lease.
Market Trends
Three Way, TN spans 142.0 square miles in Gibson County, Tennessee. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Three Way, TN asks $74/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Retail
Retail space in Three Way, TN asks $66/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Three Way, TN runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Three Way, TN runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Market overview
Demographics & Economy
Three Way, TN has 15,629 residents in 7,173 households. Density runs 110 people per square mile. Median household income here is $53,430 and median gross rent $768 a month.
15,629
Population
7,173
Households
2.2
Avg Household Size
44
Median Age
20%
College-Educated
86%
High-School Grad
142 sq mi
ZIP Area
110
Density / Sq Mi
$53,430
Median Household Income
$37,598
Median Earnings
$768
Median Rent
$164,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Medina | — | — |
| Oakfield | — | — |
| Gibson | — | — |
| Gadsden | — | — |
Commercial property in Three Way, TN asks $87/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Three Way?
Commercial property in Three Way, TN asks an average of $87 per square foot. The 6 most recent recorded sales traded at a median of $389/SF. Office carries the highest asking price at $74/SF.
How much does it cost to lease commercial space in Three Way?
Asking lease rates in Three Way, TN average $15.33 per square foot per year.
Where does Realmo's Three Way market data come from?
Realmo compiles Three Way, TN figures from 8 recent recorded sales, 108 active sale listings, 11 active lease listings, 662 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 108 active for-sale and 11 active for-lease listings in Three Way, TN. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
