Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    112 1st St Union City, TN 38261-3802

    Property Lookup

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

    112 1st St Union City, TN 38261-3802

    View on Map
    • Retail space
    • 2,331 SF
    • 0.06 lot acres
    Off-Market
    Last Sale Oct 9, 2024
    $85,000
    Property ID
    US80-0954439
    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

    • Bottoms Up Bar & Grill / Bar & Pub

    Property Details for 112 1st St

    Year built
    1920
    Lot size
    0.06 lot acres
    Property size
    2,331 SF
    Property type
    Retail space
    APN
    066048L W 00200
    APU
    066048LW00200

    Description

    This exceptional commercial property, located at 112 S First St, Union City, TN 38261, presents a unique investment opportunity. Priced at $50,000, this 2,331 square foot retail building sits on a 0.06-acre lot. Its prime location in a high-traffic area ensures excellent visibility and accessibility for businesses. The property boasts both front and rear entrances, providing convenient access for customers and staff. The strategic positioning next to the Capital Theater guarantees a steady flow of potential customers. This versatile space is ideal for a variety of retail ventures, capitalizing on the bustling commercial activity in the immediate vicinity. The property's size and location make it an attractive option for entrepreneurs seeking a well-established commercial presence in Union City. The address is easily accessible and benefits from significant foot and vehicle traffic. This is a rare opportunity to acquire a well-situated commercial property in a thriving Tennessee town at an attractive price point. Serious inquiries are encouraged to explore this promising investment.

    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
    Union City
    County
    Obion
    State
    Tennessee
    Longitude
    -89.0568
    Latitude
    36.4251
    CBSA code
    46460
    CBSA name
    UNION CITY, TN-KY 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
    0
    $0.00
    $5,600
    $23,920
    $29,520
    -
    $14,000
    $59,800
    $73,800

    Comparable in this City

    • Value Estimation by Request
      2,500 SF

      407 Home St

      RETAIL STORES (PERSONAL SERVICES) • 2,500 SF
      407 Home St, Union City, TN 38261-3532
      View Details
    • Value Estimation by Request
      1,352 SF

      2630 Lk Dr

      RETAIL STORES (PERSONAL SERVICES) • 1,352 SF
      2630 Lk Dr, Union City, TN 38261-2900
      View Details
    • Value Estimation by Request
      1,344 SF

      2219th W Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,344 SF
      2219th W Main St, Union City, TN 38261-1555
      View Details
    • Value Estimation by Request
      2,764 SF

      1733 Old Rives Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,764 SF
      1733 Old Rives Rd, Union City, TN 38261-8642
      View Details
    • Value Estimation
      $2,420,000
      20,657 SF

      1401 Reelfoot Ave

      RETAIL STORES (PERSONAL SERVICES) • 20,657 SF
      1401 Reelfoot Ave, Union City, TN 38261-5558
      View Details
    • Value Estimation by Request
      759 SF

      3677 Ken 10th Hwy

      RETAIL STORES (PERSONAL SERVICES) • 759 SF
      3677 Ken 10th Hwy, Union City, TN 38261-7935
      View Details

    Similar Nearby for Sale

    • $132,000
      1,500 SF

      Union City Retail Opportunity

      Retail or restaurant space with recent improvements in Union City.
      419 N Home St, Union City, TN 38261
      View Details
    • $299,900
      9,818 SF

      Union City Warehouse with Storefronts

      9,818 SF warehouse with storefront potential near downtown Union City.
      204 N 1St St, Union City, TN 38261
      View Details
    • $99,000
      2,231 SF

      Union City Commercial Opportunity

      Versatile property with storefront, production area, and living space.
      415 S 3Rd St, Union City, TN 38261
      View Details
    • $190,000
      3,774 SF

      Union City Commercial Opportunity

      Versatile commercial space in Union City's historic district.
      202 Railroad St, Union City, TN 38261
      View Details
    • Contact for pricing

      Union City Land Tract

      14.72 acre tract ideal for a truck stop.
      Us-51, Union City, TN 38261
      View Details
    • $265,000
      10,700 SF

      Versatile Automotive Facility in Union City

      Automotive facility with high visibility and easy access for customers.
      2202 Nailling Dr, Union City, TN 38261
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Reelfoot Shopping Center Retail Space

      Retail space available in a busy, established shopping center.
      1421 S 1St St, Union City, TN 38261
      View Details
    • Contact for pricing

      Union City Industrial Facility

      254,295 SF industrial facility on 34 acres for lease.
      600 Sherwood Dr, Union City, TN 38261
      View Details
    • Contact for pricing

      600 Sherwood Dr, Union City, TN 38261

      Warehouses
      600 Sherwood Dr, Union City, TN 38261
      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.
    112 1st St
    Union City, TN 38261-3802
    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

    112 1st St, Union City, TN, 38261

    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!