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

    106 Central Ave Church Hill, TN 37642

    • Auto shops
    • 1,560 SF
    • 77.00 lot acres
    OFF-MARKET
    Value Estimations
    $220,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-2279877
    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

    • Auto shops

    Property Details for 106 Central Ave

    Year built
    1942
    Lot size
    77.00 lot acres
    Property size
    1,560 SF
    Zone code
    B-2
    Property type
    Auto shops
    APN
    037043D C 01700
    APU
    037043DC01700

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $220,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $155,000
      RETAIL STORES
      $150,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Church Hill
    County
    Hawkins
    State
    Tennessee
    Longitude
    -82.7134
    Latitude
    36.5225
    CBSA code
    28700
    CBSA name
    KINGSPORT-BRISTOL-BRISTOL, TN-VA 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
    $10,480
    $9,280
    $19,760
    -
    $26,200
    $23,200
    $49,400

    Comparable in this City

    • Value Estimation
      $225,000
      6,150 SF

      976 Central Ave

      AUTO REPAIR, GARAGE • 6,150 SF
      976 Central Ave, Church Hill, TN 37642-4054
      View Details
    • Value Estimation
      $270,000
      6,140 SF

      5733 Carters Vly Rd

      AUTO REPAIR, GARAGE • 6,140 SF
      5733 Carters Vly Rd, Church Hill, TN 37642-6376
      View Details
    • Value Estimation
      $195,000
      1,600 SF

      5109 Carters Vly Rd

      AUTO REPAIR, GARAGE • 1,600 SF
      5109 Carters Vly Rd, Church Hill, TN 37642-7145
      View Details
    • Value Estimation
      $200,000
      2,721 SF

      440 Main Blvd

      AUTO REPAIR, GARAGE • 2,721 SF
      440 Main Blvd, Church Hill, TN 37642-3905
      View Details
    • Value Estimation
      $240,000
      3,240 SF

      957 Holliston Mls Rd

      AUTO REPAIR, GARAGE • 3,240 SF
      957 Holliston Mls Rd, Church Hill, TN 37642-4506
      View Details
    • Value Estimation
      $295,000
      7,200 SF

      131 Campbell St

      AUTO REPAIR, GARAGE • 7,200 SF
      131 Campbell St, Church Hill, TN 37642-6384
      View Details

    Similar Nearby for Sale

    • $229,000
      2,400 SF

      2.6 Acre Commercial Corner Property

      2.6 acre commercial corner property with B3 zoning.
      1150 Volunteer St, Church Hill, TN 37642
      View Details
    • $599,000
      11.00 Acres

      Prime Commercial Land on Highway

      11 acres of commercial land in growing Church Hill, TN.
      11w Hwy, Church Hill, TN 37642
      View Details
    • $99,500
      0.66 Acres

      Commercial Lot in Church Hill

      0.66 acre commercial lot in established business area.
      Par 16.01 Silver Lk Rd, Church Hill, TN 37642
      View Details
    • Contact for pricing
      1.84 Acres

      Church Hill Land with Utilities

      1.84-acre lot with utilities near Highway 11W in Church Hill.
      Sturbridge Ln, Church Hill, TN 37642
      View Details
    • Contact for pricing
      0.51 Acres

      Residential Land in Church Hill

      Cleared lot ready for building in Church Hill, Tennessee.
      Walnut Tree Dr, Church Hill, TN 37642
      View Details
    • $37,800
      0.63 Acres

      Residential Land in Church Hill

      Cleared lot ready for building in Church Hill, Tennessee.
      Walnut Tree Dr, Church Hill, TN 37642
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      68,389 SF

      Highway 11W Commercial Land Lease

      Prime Church Hill Outparcel, High Traffic
      731 Us-11W, Church Hill, TN 37642
      View Details
    • $359,000
      130,680 SF

      Commercial Land in Church Hill

      3 acres of B-3 zoned land with high traffic count.
      220 Silver Lake Rd, Church Hill, TN 37642
      View Details
    • Contact for pricing

      Prime Commercial Land For Lease

      1.57 acre outparcel in high-traffic area, Church Hill.
      731 Highway 11 W, Church Hill, TN 37642
      View Details
    • Contact for pricing
      44,145 SF

      Industrial Space Available For Lease

      44,145 SF industrial space available for lease.
      121 Press Rd, Church Hill, TN 37642
      View Details
    • $650,000
      8,960 SF

      Warehouse with Truck Access

      Warehouse property in central Hawkins County, convenient to Kingsport and Rogersville.
      957 Holliston Mills Rd, Church Hill, TN 37642
      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.
    106 Central Ave
    Church Hill, TN 37642
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.