Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1059 Tri County Blvd Oliver Springs, TN 37840-6207

    • Office Properties & Spaces
    • 47,769 SF
    • 3.78 lot acres
    OFF-MARKET
    Value Estimations
    $6,835,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1462367
    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

    • Diversified Product Inspections / Private Investigator
    • Shirley's Boy Country Cooking / Fast Food Restaurant
    • Homechecksafety.Com / Website Designer
    • Hatmeld & Temple PC / Attorney

    Property Details for 1059 Tri County Blvd

    Year built
    1978
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.78 lot acres
    Property size
    47,769 SF
    Property type
    Office Properties & Spaces
    APN
    001098 00818
    APU
    109800818

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $8,695,000
      6.5%
      $8,025,000
      7%
      $7,450,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,205,000
      Market price range: $2.49M - $12.6M
      AI Estimate
      $5,274,000
      Market price range: $1.87M - $7.03M

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

    Location Insight

    • Map
    • Local Demand
    City
    Oliver Springs
    County
    Anderson
    State
    Tennessee
    Longitude
    -84.3164
    Latitude
    36.0239
    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
    $146,640
    $641,840
    $788,480
    -
    $366,600
    $1,604,600
    $1,971,200

    Comparable in this City

    • Value Estimation by Request
      2,446 SF

      1042 Tri County Blvd

      OFFICE (GENERAL) • 2,446 SF
      1042 Tri County Blvd, Oliver Springs, TN 37840-6205
      View Details
    • Value Estimation by Request
      10,792 SF

      642 Tri County Blvd

      OFFICE (GENERAL) • 10,792 SF
      642 Tri County Blvd, Oliver Springs, TN 37840-5413
      View Details
    • Value Estimation
      $7,010,000
      44,917 SF

      Oak Rdg Tpke

      OFFICE (GENERAL) • 44,917 SF
      Oak Rdg Tpke, Oliver Springs, TN 37840
      View Details
    • Value Estimation
      $580,000
      3,468 SF

      1097 Tri County Blvd

      OFFICE (GENERAL) • 3,468 SF
      1097 Tri County Blvd, Oliver Springs, TN 37840-6207
      View Details
    • Value Estimation by Request
      2,928 SF

      515 Rock Brg Rd

      OFFICE (GENERAL) • 2,928 SF
      515 Rock Brg Rd, Oliver Springs, TN 37840-3318
      View Details
    • Value Estimation by Request
      1,225 SF

      9331 Petros Hwy

      OFFICE (GENERAL) • 1,225 SF
      9331 Petros Hwy, Oliver Springs, TN 37840
      View Details

    Similar Nearby for Sale

    • $124,900
      4.09 Acres

      Scenic Land with Mountain Views

      4 acres of sloped land with mountain views in Tennessee.
      247 Mahoney Rd, Oliver Springs, TN 37840
      View Details
    • $42,000
      0.51 Acres

      Residential Lots Near Windrock Park

      Two residential lots suitable for building or short-term rentals.
      lot 1 & 2 Hen Valley Rd, Oliver Springs, TN 37840
      View Details
    • $299,000
      2,044 SF

      Oliver Springs Multifamily Opportunity

      Multifamily property in Oliver Springs, Tennessee.
      313 W Spring St, Oliver Springs, TN 37840
      View Details
    • $60,000
      1.75 Acres

      Oliver Springs Land For Sale

      Land for sale near Windrock Offroad Park.
      Mcghee St, Oliver Springs, TN 37840
      View Details
    • $899,900
      110.09 Acres

      Land Near Windrock Park

      110-acre property adjoining Windrock Park in Oliver Springs, Tennessee.
      Hoskins Gap Rd, Oliver Springs, TN 37840
      View Details
    • $54,900
      Pending

      Oliver Springs Land For Sale

      Land with Greenway access, suitable for building a dream home.
      Poplar Creek Rd, Oliver Springs, TN 37840
      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.
    1059 Tri County Blvd
    Oliver Springs, TN 37840-6207
    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

    Google sign-in failed. Please try again or use another login method.