Property profile

115 Hedrick Dr Newport, TN 37821

OFF-MARKET
Medical Office Space
Property ID
US80-0307306
4,596 SF 0.61 ac lot Built 2002
Entity Owned 9-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2002
Construction WOOD
Total area 4,596 SF
Lot 0.61 ac (26,572 SF)
Zoning code C-2
APN 015056A A 00229
UPID US80-0307306

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Physician

Location

115 Hedrick Dr Newport, TN 37821-2930
Newport metro Census 920501 NEWPORT, TN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$335k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$335k

Owner & transaction history

since 2016
6 recorded transactions
2016
$525,000
2000
$51,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C-2 · Newport, TN
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 Distri…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 115 Hedrick Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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