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Property profile & analytics
OFF-MARKET
Retail space

113 Hedrick Dr 111 Newport, TN 37821-2930

5,720 SF 0.61 ac lot Built 1991
Individually Owned 13-yr Hold Free & Clear
Property ID
US80-1177853
Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1991
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,720 SF
Lot 0.61 ac (26,572 SF)
Zoning code C-2
APN 015056A A 00203
UPID US80-1177853
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Tristar Physical Therapy Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Philip B Morgan JR. · 13 yrs held
Philip B Morgan JR.
since 2012
5 recorded transactions
2012
Price N/A
1997
$13,300
1997
$10,850
1991
$39,000
1969
Price N/A
Zoning & alternative use
C-2 · Newport, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

606. C-2 General Business District 607. C-3 Interstate Highway Business District 608. M-1 Light Industrial District 609. M-2 Heavy Industrial District 610. A-1 Agriculture District 601. R-1 Low Density Residential District . It is the purpose and intent of this district to establish low density reside ntial areas alon g with open areas which appear likely to…

Zone name General Business
General category COMMERCIAL
Zone area 453.48 ac
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