Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    107 Park St Athens, TN 37303-4255
    Back to Search
    Property profile & analytics

    107 Park St, Athens, TN 37303-4255

    View on Map
    • Office Spaces
    • 2,640 SF
    • 0.15 lot acres
    Off-Market
    Last Sale Feb 23, 2024
    $600,000
    Property ID
    US80-0762759
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Rustic Roots Beauty Salon / Hair Salon / Nail Salon

    Property Details for 107 Park St

    Year built
    1968
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.15 lot acres
    Property type
    Office Spaces
    APN
    054065D B 03400
    APU
    054065DB03400

    Description

    This 1,320 square foot commercial property at 107 Park Street in Athens, Tennessee, presents a fantastic opportunity for a variety of businesses. Recently renovated in 2023, this single-tenant space offers a flexible layout ideal for traditional office, medical office, or creative office uses. Previously utilized as a hair salon, the property boasts an open area perfect for client interaction, complemented by two private offices for focused work. Two bathrooms, a kitchen area, and ample storage space add to the functionality. Convenient parking is available both in front and behind the building, ensuring easy access for staff and customers. Situated in McMinn County, this property benefits from a prime location near downtown Athens, offering excellent visibility and high traffic flow. Built in 1968, this well-maintained space is ready for immediate occupancy and is suitable for retail, office, or service-based businesses seeking a versatile and conveniently located space in the thriving Athens community. The property's zip code is 37303.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Athens
    County
    Mcminn
    State
    Tennessee
    Longitude
    -84.5938
    Latitude
    35.4394
    CBSA code
    11940
    CBSA name
    ATHENS, TN MICROPOLITAN 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
    2023
    $1,060
    $7,360
    $43,320
    $50,680
    -
    $18,400
    $108,300
    $126,700

    Comparable in this City

    • Value Estimation by Request
      1,248 SF

      607 Congress N Pkwy

      OFFICE (GENERAL)
      607 Congress N Pkwy, Athens, TN 37303-1617
      View Details
    • Value Estimation by Request
      992 SF

      1501 Decatur Pike

      OFFICE (GENERAL)
      1501 Decatur Pike, Athens, TN 37303-2421
      View Details
    • Value Estimation by Request
      1,120 SF

      1255 Decatur Pike

      OFFICE (GENERAL)
      1255 Decatur Pike, Athens, TN 37303-2415
      View Details
    • Value Estimation by Request
      1,690 SF

      115 Jackson St

      OFFICE (GENERAL)
      115 Jackson St, Athens, TN 37303-3637
      View Details
    • Value Estimation
      $1,220,000
      11,704 SF

      320 White St

      OFFICE (GENERAL)
      320 White St, Athens, TN 37303-3504
      View Details
    • Value Estimation
      $600,000
      2,184 SF

      105 Park St

      OFFICE (GENERAL)
      105 Park St, Athens, TN 37303-4255
      View Details

    Similar Nearby for Sale

    • $2,900,000
      112,529 SF

      98,529 SF Commercial Opportunity

      Two-building commercial property with office, retail, and warehouse space.
      1612 Congress Pkwy S, Athens, TN 37303
      View Details
    • Contact for pricing
      3,100 SF

      Downtown Building with Brick Facade

      Two-story building suitable for retail, offices, or student housing.
      110 Washington Ave, Etowah, TN 37303
      View Details
    • New
      $1,050,000
      9,402 SF

      Three-Story Commercial Building in Athens

      9,402 SF commercial building in downtown Athens, Tennessee.
      2 Park St, Athens, TN 37303
      View Details
    • $394,000
      3,067 SF

      Historic Mixed-Use Building in Athens

      Spacious 1930s building in downtown Athens, Tennessee.
      203 W Washington Ave, Athens, TN 37303
      View Details
    • Contact for pricing
      1,692 SF

      Former Bank Branch with Drive-Thru

      1,692 SF commercial building on 0.67 acres in Athens, TN.
      1 Park St, Athens, TN 37303
      View Details
    • Contact for pricing
      98,529 SF

      Mixed-Use Commercial Opportunity in Athens

      98,529 SF mixed-use property with flexible zoning and high visibility.
      1612 Congress Pkwy S, Athens, TN 37303
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail/Office Space in Athens

      Highly visible retail/office space available for rent in Athens.
      2300 Congress Pkwy S, Athens, TN 37303
      View Details
    • Contact for pricing

      Retail Space and Pads Available

      New retail development with high visibility and drive-thru opportunity.
      1712 Congress Pkwy S, Athens, TN 37303
      View Details
    • Contact for pricing
      3,658 SF

      Retail Space Near Decatur Pike

      3,658 SF retail space with pole signage available.
      1831 Holiday Dr, Athens, TN 37303
      View Details
    • $4,950 /Mo
      6,600 SF

      Retail Space on Decatur Pike

      6630 SF retail space with high visibility and easy access.
      904 Decatur Pike, Athens, TN 37303
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space on Decatur Pike

      Retail space available immediately in a strong retail market.
      1812-1822 Decatur Pike, Athens, TN 37303
      View Details
    • Contact for pricing
      4,700 SF

      Retail/Restaurant Space on Decatur Pike

      Versatile space suitable for restaurants and retail with high visibility.
      2619 Decatur Pike, Athens, TN 37303
      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.
    107 Park St
    Athens, TN 37303-4255
    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

    Thank You for Inquiry
    107 Park St, Athens, TN, 37303
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!