1003 Jackson Blvd Jonesborough, TN 37659-1531
Property Lookup
Property profile & analytics
1003 Jackson Blvd Jonesborough, TN 37659-1531
- Retail space
- 8,460 SF
- 103.00 lot acres
Property ID
US80-0974574
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Jonesborough Medical Center / Medical Clinic
- Dr. Atif A. Atyia, MD / Physician
- Mr. Thomas Morrison / Physician
Property Details for 1003 Jackson Blvd
- Year built
- 1960
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 103.00 lot acres
- Property size
- 8,460 SF
- Zone code
- B1
- Property type
- Retail space
- APN
- 052K A 02701
- APU
- 052KA02701
Description
This exceptional mixed-use investment property, located at 1003 E Jackson Blvd in historic Jonesborough, Tennessee, presents a compelling opportunity. The 7,980 square foot building, constructed in 1960, features four units situated on a 0.53-acre lot with 15 parking spaces. Currently operating at 50% occupancy, the property boasts a strong pro-forma NOI of $70,453, translating to a pro-forma cap rate of 9.72%. The asking price is $725,000, representing a price per square foot of $90.85 and a price per unit of $181,250. The building benefits from high traffic counts and ample road frontage. The property is zoned commercial and classified as Class C. The current NOI is $24,164, with a projected full occupancy date of February 9, 2025. All four units are under triple net (NNN) leases, meaning tenants cover property taxes, insurance, and maintenance. Two of the units have been occupied for 25 years. Two vacant units, each 2,177 square feet with road frontage, are available for lease at $1,814 per month plus CAM fees. This property offers significant upside potential for investors seeking a strong return in a desirable location. The building's diverse tenant mix includes medical office, restaurant, and storefront spaces, catering to a variety of business needs.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $669,000
- AI Estimate
- $634,000
Market price range: $414k - $1.38MMarket price range: $357k - $1.20M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $805,000 Current use
- COMMERCIAL (GENERAL)
- $910,000 Change: +14% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Jonesborough
- County
- Washington
- State
- Tennessee
- Longitude
- -82.4584
- Latitude
- 36.3025
- CBSA code
- 27740
- CBSA name
- JOHNSON CITY, TN METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
$0.00
$77,320
$117,800
$195,120
-
$193,300
$294,500
$487,800
