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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1028 Roane St Harriman, TN 37748-7418

    • Auto shops
    • 8,910 SF
    • 0.70 lot acres
    OFF-MARKET
    Last Sale
    Aug 11, 2021
    Value Estimations
    $240,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1524686
    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

    • Duff Outdoor Equipment / Lawn Mower Store
    • Earl Duff Pre-Owned - Sales & Service / Car Finance And Loan Company / Motor Vehicle Dealer

    Property Details for 1028 Roane St

    Year built
    1962
    Lot size
    0.70 lot acres
    Property size
    8,910 SF
    Property type
    Auto shops
    APN
    073036B A 00300
    APU
    073036BA00300

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $240,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Harriman
    County
    Roane
    State
    Tennessee
    Longitude
    -84.5689
    Latitude
    35.9186
    CBSA code
    28940
    CBSA name
    KNOXVILLE, 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
    $80,640
    $314,040
    $394,680
    -
    $201,600
    $785,100
    $986,700

    Comparable in this City

    • Value Estimation
      $205,000
      4,416 SF

      600 Roane St

      AUTO REPAIR, GARAGE • 4,416 SF
      600 Roane St, Harriman, TN 37748-2107
      View Details
    • Value Estimation
      $315,000
      8,752 SF

      727 Roane St

      AUTO REPAIR, GARAGE • 8,752 SF
      727 Roane St, Harriman, TN 37748-2120
      View Details
    • Value Estimation
      $240,000
      1,141 SF

      224 Roane St

      AUTO REPAIR, GARAGE • 1,141 SF
      224 Roane St, Harriman, TN 37748-7435
      View Details
    • Value Estimation
      $245,000
      1,632 SF

      409 Old Hwy 70

      AUTO REPAIR, GARAGE • 1,632 SF
      409 Old Hwy 70, Harriman, TN 37748-8211
      View Details
    • Value Estimation
      $215,000
      5,981 SF

      615 Old Roane St

      AUTO REPAIR, GARAGE • 5,981 SF
      615 Old Roane St, Harriman, TN 37748-6139
      View Details
    • Value Estimation
      $255,000
      2,568 SF

      2815 Roane State Hwy

      AUTO REPAIR, GARAGE • 2,568 SF
      2815 Roane State Hwy, Harriman, TN 37748-7779
      View Details

    Similar Nearby for Sale

    • $540,000
      2,597 SF

      Commercial Property Near I-40

      High-visibility commercial property with expansion potential in a growing market.
      1620 Roane State Hwy, Harriman, TN 37748
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      High Visibility Commercial Property

      Commercial property with high visibility and traffic near amenities.
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    • $567,500
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      Mixed-Use Investment Opportunity, Harriman TN

      Mixed-use property with commercial space and residential units in Harriman.
      512 N Roane St, Harriman, TN 37748
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    • $225,000
      2,402 SF

      Commercial Property in Harriman, TN

      Commercial property with leased space and expansion potential in Harriman.
      118 N Roane St, Harriman, TN 37748
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    • $1,680,000
      2.80 Acres

      Harriman Commercial Land - 2.8 Acres

      Prime Harriman commercial land, high-growth area.
      1817 Roane State Hwy, Harriman, TN 37748
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    • $550,000
      10,000 SF

      Downtown Harriman Retail Building For Sale

      Charming retail building in downtown Harriman with high ceilings.
      315 N Roane St, Harriman, TN 37748
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    Similar Nearby for Lease

    • $7 SF/Yr
      24,070 SF

      Expansive Industrial/Retail Space Available

      24,000 sq ft industrial/retail space near major interstates.
      265 S Roane St, Harriman, TN 37748
      View Details
    • $375,000
      2,700 SF

      Retail Space on Roane State

      Retail space available on Roane State Hwy in Harriman, TN.
      3307 Roane State Hwy, Harriman, TN 37748
      View Details
    • $23 SF/Yr
      1,200 SF

      Retail Space in Harriman Center

      1,200 SF retail space in Kroger/Lowe's Shopping Center.
      1832 Roane State Hwy, Harriman, TN 37748
      View Details
    • $0.35 SF/Yr
      2 SF

      Flat Site with Utilities Access

      Flat commercial land with easy access to utilities and highways.
      145 Patton Ln, Harriman, TN 37748
      View Details
    • $18 SF/Yr
      29,308 SF

      Harriman Medical Office Space For Lease

      Prime Medical Office Building, 8,922 SF Available
      2497 Roane St, Harriman, TN 37748
      View Details
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    Harriman, TN 37748-7418
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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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