Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Church St Dover, TN 37058
    Back to Search
    Property profile & analytics

    Church St Dover, TN 37058

    View on Map
    • Commercial real estate
    • 2.62 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for Church St

    Lot size
    2.62 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 2.62-acre property presents a remarkable development opportunity in Dover, Tennessee's thriving business district. Located at 0 Church Street, this highly visible parcel boasts approximately 300 feet of frontage along Church Street, complete with existing city sidewalks, ensuring excellent accessibility and exposure. The land itself is primarily level and cleared, transitioning to a gently sloping, wooded area towards the rear. All city utilities are readily available, simplifying infrastructure development. This offering includes two adjoining parcels, providing flexibility and scalability for various projects. The property's prime location within the city limits guarantees high traffic volume and strong potential for a wide range of commercial ventures. Furthermore, an additional adjoining tract is available, fronting on Donelson Parkway, offering even greater expansion possibilities. This combined acreage presents a unique chance to establish a significant presence in Dover's dynamic commercial landscape. The level and cleared nature of the majority of the land minimizes site preparation costs, making this an attractive investment for developers seeking a streamlined project launch. The combination of high visibility, convenient access, and ample space makes this property an exceptional opportunity for immediate development.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Dover
    County
    Stewart County, TN
    State
    Tennessee
    Longitude
    -87.8518
    Latitude
    36.4838

    Comparable in this City

    • Value Estimation by Request
      0.37 Acres

      2457 Hwy 49

      COMMERCIAL (GENERAL) • 0.37 Acres
      2457 Hwy 49, Dover, TN 37058-6049
      View Details
    • Value Estimation by Request
      2.10 Acres

      955 Hwy 79

      COMMERCIAL (GENERAL) • 2.10 Acres
      955 Hwy 79, Dover, TN 37058-6942
      View Details
    • Value Estimation by Request
      1.20 Acres

      Patrick Dr

      COMMERCIAL (GENERAL) • 1.20 Acres
      Patrick Dr, Dover, TN 37058
      View Details
    • Value Estimation by Request
      2,270 SF

      780 Uppr Standing Rock Rd

      COMMERCIAL (GENERAL) • 2,270 SF
      780 Uppr Standing Rock Rd, Dover, TN 37058-5199
      View Details
    • Value Estimation by Request
      1,680 SF

      841 Uppr Standing Rock Rd

      COMMERCIAL (GENERAL) • 1,680 SF
      841 Uppr Standing Rock Rd, Dover, TN 37058-5108
      View Details
    • Value Estimation by Request
      1,782 SF

      780 Uppr Standing Rock Rd

      COMMERCIAL (GENERAL) • 1,782 SF
      780 Uppr Standing Rock Rd, Dover, TN 37058-5199
      View Details

    Similar Nearby for Sale

    • $1,460,000
      146.00 Acres

      146 Acres Recreational/Homesite Land

      146 acres of recreational land or private homesite opportunity.
      738 Keel Hollow Rd, Dover, TN 37058
      View Details
    • $171,000

      Prime Business District Development Opportunity

      Commercial land for sale in a high-visibility location.
      1 Church St, Dover, TN 37058
      View Details
    • $285,700
      8.00 Acres

      Secluded Waterfront Acreage with Permits

      8-acre waterfront property with septic, well, and dock permits.
      306 Streamside Dr, Dover, TN 37058
      View Details
    • $229,000
      2,768 SF

      Dover Mixed-Use Building - High Visibility

      Prime Dover location, renovated 2768 sq ft.
      1225 Spring St, Dover, TN 37058
      View Details
    • $159,000
      1.98 Acres

      1.98 Acre Commercial Lot

      Undeveloped 1.98 acre lot with road frontage on U.S. Hwy 79.
      1 Highway 79, Dover, TN 37058
      View Details
    • $168,000
      Pending

      Dover Acreage with Flowing Creek

      13.78 acres with creek, suitable for building.
      Upper Standing Rock Rd, Dover, TN 37058
      View Details
    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.
    Church St
    Dover, TN 37058
    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
    Church St, Dover, TN, 37058
    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!