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    Property profile & analytics

    1085 Ellington Pkwy Lewisburg, TN 37091

    • Medical offices
    • 2,176 SF
    • 0.23 lot acres
    For Sale
    View listing
    $399,900
    Value Estimation
    Last Sale
    Apr 02, 2025
    $350,000
    Location Intelligence
    Property ID
    US80-3475335
    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

    • The Hearing Aid Center / Hearing Aid Repair Service / Hearing Aid Store
    • Ferguson James L DDS / Dentist / Orthodontist

    Property Details for 1085 Ellington Pkwy

    Year built
    1972
    Lot size
    0.23 lot acres
    Property size
    2,176 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    059064A C 00900
    APU
    059064AC00900

    Description

    This exceptional 2,176 square foot, full-brick building presents a unique investment opportunity in Lewisburg, TN. Situated on a 0.2-acre lot (100x100 feet), this property boasts a prime location with high traffic flow and excellent visibility, making it ideal for a variety of uses. Currently configured as two separate office spaces, the building offers flexibility for both owner-occupancy and rental income. The left side, encompassing 992 square feet, is currently leased to a Hearing Aide Center. The right side, a former 1,184 square foot dental office, is vacant and ready for immediate occupancy or lease. Each side features two half-baths, a dedicated office area, a lobby/waiting area, walk-in closets, and two separate entrances. Individual electric meters and central heating/air conditioning units provide efficient utility management. The building is in good condition and easily shown, making it an attractive prospect for both investors seeking rental income and businesses looking for a well-maintained space. This property offers a compelling blend of immediate income potential and future growth opportunities. Priced at $399,900.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $350,000

    • CAP approach

      CAP return
      Estimation
      6%
      $475,000
      6.5%
      $480,000
      7%
      $435,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $530,000
      Geo Method
      $460,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $500,000
      Retail
      $435,000
      Mixed-Use
      $435,000
      Hospitality
      $495,000
      Educational
      $385,000
      Residential Income
      $495,000
      Energy
      $440,000
      Income-Based Land
      $475,000
      Food Service
      $445,000

    Location Insight

    • Map
    • Local Demand
    City
    Lewisburg
    County
    Marshall
    State
    Tennessee
    Longitude
    -86.7868
    Latitude
    35.4641
    CBSA code
    30280
    CBSA name
    LEWISBURG, 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
    2021
    $3,613
    $32,520
    $46,040
    $78,560
    -
    $81,300
    $115,100
    $196,400

    Comparable in this City

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    • Value Estimation
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      7,000 SF

      1307 Ellington Pkwy

      MEDICAL BUILDING • 7,000 SF
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      110 Freeman Dr

      MEDICAL BUILDING • 2,480 SF
      110 Freeman Dr, Lewisburg, TN 37091-3047
      View Details
    • Value Estimation
      $455,000
      3,108 SF

      2291 Cornersville Hwy

      MEDICAL BUILDING • 3,108 SF
      2291 Cornersville Hwy, Lewisburg, TN 37091-5121
      View Details

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    Lewisburg, TN 37091
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    Realmo Value Estimation

    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.

    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.

    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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