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Property profile & analytics
OFF-MARKET
Office Spaces
115 Main St Jonesborough, TN 37659-1227
Individually Owned
1-yr Hold
Free & Clear
Property ID
US80-0401245
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1900
Total area
7,620 SF
Lot
67 ac (2,918,520 SF)
Zoning code
HB-2
APN
060A F 01200
UPID
US80-0401245
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
-
Hankins & Hankins Vocational Consulting Business Service Center Employment Agency
-
William Kennedy Physician
-
Jonesborough Antiques Home Decor Store (Bike/Boat/Book/etc) Store
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
Board Of Mayor & Aldermen Of Jonesb · 1 yrs held
Board Of Mayor & Aldermen Of Jonesb
since 2025
Last sale
$112,000
6 recorded transactions
Zoning & alternative use
HB-2 · Jonesborough, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Jonesborough submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jonesborough submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$219,640
Assessed 2023
Previous assessed
$219,640
+0.0% YoY
Assessed land
$63,000
Assessed improvement
$156,640
Land market value
$157,500
Improvement market value
$391,600
Total market value
$549,100
Applied tax rate
90.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1900
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Rooms
1
Bathrooms
3
Total area
7,620 SF
Lot
67 ac (2,918,520 SF)
Zoning code
HB-2
APN
060A F 01200
UPID
US80-0401245
Jurisdiction
WASHINGTON
Zoning & alternative use
HB-2 · Jonesborough, TNZoning HB-2 · permitted uses
HB-2 · Jonesborough, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1900
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
1
Bathrooms
3
Lot
67 ac
Current owner
From public records · entity-resolved
Board Of Mayor & Aldermen Of Jonesb
Individual
Free & Clear · 1 yrs held
Mailing address
115 W MAIN ST, JONESBOROUGH, TN 37659-1227
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2025
—
Board Of Mayor & Aldermen Of Jonesb
Daniel J Eldridge
Quitclaim Deed
related
—
Aug 25, 2021
—
Bentley Hankins
First Covenant & Trust Advisors LLC
Intrafamily Transfer
related
—
Apr 20, 2020
—
Eldridge,cmnty Prop Trust
Daniel J Eldridge
Quitclaim Deed
related
—
Dec 20, 2019
—
Hankins,norman E Trust
Norman E Hankins
Quit Claim Deed
—
Mar 8, 2001
$112,000
Hankins,norman
Floyd,michael
Trustees Deed
—
Jul 10, 1991
$125,000
Norman E Hankins
Unknown
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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