Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    0002 Main St Tract Pikeville, TN 37367
    Back to Search
    Property profile & analytics

    0002 Main St Tract, Pikeville, TN 37367

    View on Map
    • Land
    • 1.70 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0002 Main St Tract

    Lot size
    1.70 lot acres
    Property type
    Land

    Description

    This exceptional 1.7-acre commercial land parcel presents a remarkable investment opportunity in Pikeville, Tennessee. Located at 0002 Main Street (Tract #2), this property boasts a highly desirable location within Bledsoe County, offering significant potential for various commercial ventures. The expansive lot size provides ample space for development, allowing for flexibility in design and construction to suit a wide range of business needs. The property's address is 0002 Main Street (Tract #2), Pikeville, TN 37367, with GPS coordinates of 35.6028856 latitude and -85.2308414 longitude. The asking price for this prime commercial land is $145,000. This represents a compelling entry point into the thriving Pikeville market, offering substantial returns for discerning investors. The property is classified as commercial land and is ready for immediate development. Its strategic location and generous size make it an ideal choice for entrepreneurs seeking to establish a new business or expand existing operations. The property is zoned for commercial use (zoning information not provided). Serious inquiries are encouraged to explore the full potential of this exceptional opportunity. A 3% co-op commission will apply to the sale.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pikeville
    County
    Bledsoe
    State
    Tennessee
    Longitude
    -85.2308
    Latitude
    35.6029

    Comparable in this City

    • Value Estimation by Request
      1.40 Acres

      Main St

      Land
      0 Main St, Pikeville, TN 37367
      View Details
    • Value Estimation by Request
      3,840 SF

      3599 Main St

      COMMERCIAL (GENERAL)
      3599 Main St, Pikeville, TN 37367-5317
      View Details
    • Value Estimation
      $1,070,000
      24,000 SF

      3508 Main St

      COMMERCIAL (GENERAL)
      3508 Main St, Pikeville, TN 37367
      View Details
    • Value Estimation by Request
      0.23 Acres

      30 Ssr Dr

      VACANT COMMERCIAL LAND
      30 Ssr Dr, Pikeville, TN 37367-3560
      View Details
    • Value Estimation by Request
      2.94 Acres

      Radar Tower Rd

      VACANT COMMERCIAL LAND
      Radar Tower Rd, Pikeville, TN 37367
      View Details
    • Value Estimation by Request
      0.15 Acres

      49 Southgate Ln

      VACANT COMMERCIAL LAND
      49 Southgate Ln, Pikeville, TN 37367-5534
      View Details

    Similar Nearby for Sale

    • $399,000
      37.00 Acres

      Pikeville, TN 37-Acre Land

      37 acres of land in Pikeville, Tennessee for sale.
      7782 Brockdell Rd, Pikeville, TN 37367
      View Details
    • $48,000
      5.00 Acres

      Mountain View Land in Pikeville

      5-acre lot with Sequatchie Valley views, ideal for retreat.
      Blue Berry Rd, Pikeville, TN 37367
      View Details
    • $85,000
      14.16 Acres

      Pikeville Land with Natural Features

      14.16 acre tract with rock formations and building spot.
      Fern Hill Rd, Pikeville, TN 37367
      View Details
    • $125,000
      1.40 Acres

      Prime Pikeville Commercial Land

      1.4-acre commercial lot, excellent investment.
      0 Main St, Pikeville, TN 37367
      View Details
    • Contact for pricing

      Unrestricted Land with Valley Views

      Land with utilities, road access, and valley views.
      0000 Porch Rock Rd, Pikeville, TN 37367
      View Details
    • $251,000
      12.57 Acres

      Pikeville Land with Mountain Views

      12.57-acre tract with mountain views and year-round creek.
      012 Upper East Valley Rd, Pikeville, TN 37367
      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.
    0002 Main St Tract
    Pikeville, TN 37367
    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
    0002 Main St Tract, Pikeville, TN, 37367
    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!