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Property profile & analytics
OFF-MARKET
Office Spaces

16000 Tn-111 Spencer, TN 38585

4,707 SF 1.9 ac lot Built 1980
Property ID
Property summary
AI-generated overview

This exceptional 4,707 square foot creative office building in Spencer, Tennessee, presents a unique owner-user opportunity. Situated on a 1.9-acre lot with over 350 feet of frontage on TN-111, the property boasts ample parking for 81 vehicles and multiple access points. The single-story, all-brick building, classified as Class B, underwent significant interior renovations in 2022/2023 and exterior updates in 2013/2014. The layout includes multiple offices, restrooms, a kitchenette, a breakroom, and flexible open space, catering to diverse business needs. The property is zoned C-2, allowing for potential expansion. Located approximately 27 miles south of Cookeville and an hour north of Chattanooga, this well-maintained building offers convenient access to major transportation routes. The asking price is $499,900, translating to $106.20 per square foot. The property is currently vacant and ready for immediate occupancy. The property's APN is 023N A 033.00. This is an excellent investment for businesses seeking a functional and updated workspace in a desirable location.

Property profile
Verified
Property type Office Spaces
Year built 1980
Total area 4,707 SF
Lot 1.9 ac (82,764 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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