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    Property profile & analytics

    1028 W Main St Greeneville, TN 37743

    • Commercial real estate
    • 0.31 lot acres
    For Sale
    View listing
    $150,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0341332
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1028 W Main St

    Year built
    1900
    Lot size
    0.31 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 0.31-acre commercial lot, situated at 1028 W Main Street in Greeneville, Tennessee, presents a remarkable opportunity for entrepreneurs. Zoned B-4, this property boasts excellent visibility and accessibility due to its prime location on W Main Street, ensuring high traffic flow and potential customer exposure. The lot is ready for development, featuring an existing water tap and sewer connection, with readily available gas service. This eliminates significant upfront infrastructure costs, allowing for a smoother and more cost-effective business launch. The property's size is perfectly suited for a variety of small businesses, offering ample space for construction and potential expansion. The asking price of $150,000 represents a compelling investment opportunity in a thriving Greeneville community. Don't miss this chance to establish your business in a highly visible and convenient location. Act quickly, as opportunities like this are rare. All necessary utilities are readily available, making this a truly turnkey solution for your business needs. The B-4 zoning allows for a wide range of commercial uses, providing flexibility for your specific business plan. This property offers a unique blend of convenience, visibility, and affordability, making it an exceptional investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Greeneville
    County
    Greene
    State
    Tennessee
    Longitude
    -82.84834
    Latitude
    36.15478

    Comparable in this City

    • $265,000
      1,560 SF

      Greeneville Commercial Building Opportunity

      Spacious Commercial Building, 2.28 Acres
      7065 Newport Hwy, Greeneville, TN 37743
      View Details
    • $2,400,000
      8.29 Acres

      Greeneville, TN Commercial Land

      8.29 Acres, High Visibility, Development Ready
      0 8.29 Ac Morgan Rd, Greeneville, TN 37743
      View Details
    • $2,400,000
      8.29 Acres

      Greeneville Commercial Land Investment

      High-traffic, 8.29-acre development site.
      8.29 Ac Morgan Rd, Greeneville, TN 37743
      View Details
    • $298,500
      5,100 SF

      Greeneville Commercial Building - Prime Location

      High-traffic corner lot, 5100 sq ft, great visibility.
      501 Mckee St, Greeneville, TN 37743
      View Details
    • $229,900
      3,325 SF

      Greeneville Commercial Building For Sale

      Spacious building, great potential, 0.51 acres.
      3942 Blue Springs Pkwy, Greeneville, TN 37743
      View Details
    • $152,900
      240,886 SF

      Greeneville Commercial Land - 5.5 Acres

      M-2 zoned, 240,886 sqft, near industrial park.
      5.5Ac Marley - C Dr C, Greeneville, TN 37743
      View Details

    Similar Nearby for Sale

    • $265,000
      1,560 SF

      Greeneville Commercial Building Opportunity

      Spacious Commercial Building, 2.28 Acres
      7065 Newport Hwy, Greeneville, TN 37743
      View Details
    • $2,400,000
      8.29 Acres

      Greeneville, TN Commercial Land

      8.29 Acres, High Visibility, Development Ready
      0 8.29 Ac Morgan Rd, Greeneville, TN 37743
      View Details
    • $2,400,000
      8.29 Acres

      Greeneville Commercial Land Investment

      High-traffic, 8.29-acre development site.
      8.29 Ac Morgan Rd, Greeneville, TN 37743
      View Details
    • $298,500
      5,100 SF

      Greeneville Commercial Building - Prime Location

      High-traffic corner lot, 5100 sq ft, great visibility.
      501 Mckee St, Greeneville, TN 37743
      View Details
    • $229,900
      3,325 SF

      Greeneville Commercial Building For Sale

      Spacious building, great potential, 0.51 acres.
      3942 Blue Springs Pkwy, Greeneville, TN 37743
      View Details
    • $152,900
      240,886 SF

      Greeneville Commercial Land - 5.5 Acres

      M-2 zoned, 240,886 sqft, near industrial park.
      5.5Ac Marley - C Dr C, Greeneville, TN 37743
      View Details

    Similar Nearby for Lease

    • $5,000 /Mo
      1,160 SF

      Retail, Office, and Warehouse Space

      Retail, office, showroom, and warehouse space available for lease.
      403 W Summer St, Greeneville, TN 37743
      View Details
    • $555,000
      1,160 SF

      Greeneville Retail/Office/Warehouse Space

      Retail, office, showroom, and warehouse space available for sale/lease.
      403 W Summer St, Greeneville, TN 37743
      View Details
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    1028 W Main St
    Greeneville, TN 37743
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    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
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