Technical
Financial
Distress signals
Property profile

116 3rd N St Morristown, TN 37814

OFF-MARKET
Warehouses
Property ID
US80-1771724
10,228 SF 1.12 ac lot Built 1944
Individually Owned 4-yr Hold Free & Clear
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1944
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 10,228 SF
Lot 1.12 ac (48,787 SF)
APN 032033E D 00700
UPID US80-1771724

Cap rate & NOI

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

Location

116 3rd N St Morristown, TN 37814
Morristown metro Census 100400 MORRISTOWN, TN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.07M
CAP Approach CAP
by Request
Comparable Approach Comparable
$720k
Blend (final) Blend
$1.11M

Owner & transaction history

since 2022
Last sale
$1.0M
2 recorded transactions
2022
$1.0M
2005
$225,000

Zoning & alternative use

Top alternative use upside
Auto repair, garage $890,000 +106.0%

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
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