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Property profile & analytics
FOR SALE
Medical Office Space

1203 E College St Brownsville, TN 38012

4,291 SF 1.79 ac lot Built 2005
Individually Owned 8-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US80-2183786
Property summary
AI-generated overview

This exceptional office building, located at 1203 E College St in Brownsville, Tennessee, presents a compelling investment opportunity. Boasting a substantial 4,291 square feet of space, this property sits on a generous 1.79-acre lot, offering ample room for expansion, parking, or future development. The building's current configuration is ideal for a variety of office uses, providing flexibility for businesses seeking a comfortable and functional workspace. The asking price of $489,000 represents significant value in the Brownsville commercial real estate market. The property's location on E College St offers excellent visibility and accessibility, making it an attractive option for businesses seeking a prominent presence in the community. Given the size of the lot and the building's square footage, this property is well-suited for a range of businesses, from small startups to established companies requiring significant space. The ample land provides potential for future expansion or the addition of outdoor amenities. Serious inquiries are encouraged to explore this promising investment opportunity further. Detailed property information and floor plans are available upon request. This is a rare opportunity to acquire a substantial office building in a desirable location at an attractive price point. Don't miss out on this chance to secure a valuable asset in the thriving Brownsville market.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2005
Total area 4,291 SF
Lot 1.79 ac (77,972 SF)
Zoning code GC
APN 067 01316
UPID US80-2183786
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
  • Madison Wallace Physician
  • Jamie Ellerbrook Physician
  • Jane Walker Physician
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
James E Ellerbrook · 8 yrs held
James E Ellerbrook
since 2018
4 recorded transactions
2019
Price N/A
2019
Price N/A
2018
$420,000
2017
Price N/A
Zoning & alternative use
GC · Brownsville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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