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    Property profile & analytics

    1212 Decatur Pike Athens, TN 37303

    • Commercial real estate
    • 0.70 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0973630
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1212 Decatur Pike

    Lot size
    0.70 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 0.7-acre commercial land parcel presents a unique investment opportunity in the thriving city of Athens, Tennessee. Strategically located on Decatur Pike, this property boasts the highest traffic count in Athens, ensuring maximum visibility and accessibility for any commercial venture. The property is zoned for commercial use, offering a wide range of development possibilities. Its prominent location along Decatur Pike provides unparalleled exposure to a substantial daily traffic volume, making it ideal for businesses seeking high foot traffic and brand recognition. The expansive 0.7-acre lot provides ample space for construction, expansion, or redevelopment, catering to a variety of commercial needs. This prime location in McMinn County, Tennessee, offers easy access to major transportation routes and a vibrant local community. The asking price for this exceptional commercial land is $595,000. Don't miss this chance to secure a highly visible and strategically located property in a growing market. The property's address is 1212 Decatur Pike, Athens, TN 37303.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Athens
    County
    McMinn
    State
    Tennessee
    Longitude
    -84.615365605257
    Latitude
    35.448959529051

    Comparable in this City

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    • $42,000
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      Large, private 0.41-acre lot in established Athens subdivision.
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    • $169,900
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      9.31 Acres Ready to Build

      9.31 acres of cleared land ready for your dream home.
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    • $1,995,000
      31.78 Acres

      Athens, TN Development Land

      31.78 Acres, Multifamily Potential
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    • $408,375
      1.25 Acres

      Commercial Land on Congress Parkway

      1.25 acre commercial land with high visibility and traffic.
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    • $59,900
      2.50 Acres

      Wooded Acres in Athens, TN

      2.5 acres of unrestricted, wooded land with potential.
      2.5 Ac County Rd 750, Athens, TN 37303
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    Similar Nearby for Sale

    • $45,000
      0.69 Acres

      Residential Lot in Athens, TN

      Large 0.69-acre lot in established Athens subdivision.
      359 Shadows Lawn Dr, Athens, TN 37303
      View Details
    • $42,000
      0.41 Acres

      Residential Land in Athens, TN

      Large, private 0.41-acre lot in established Athens subdivision.
      320 Shadows Lawn Dr, Athens, TN 37303
      View Details
    • $169,900
      Pending

      9.31 Acres Ready to Build

      9.31 acres of cleared land ready for your dream home.
      9.13 Acres Hwy 30, Athens, TN 37303
      View Details
    • $1,995,000
      31.78 Acres

      Athens, TN Development Land

      31.78 Acres, Multifamily Potential
      0 Layman Rd & Dennis St, Athens, TN 37303
      View Details
    • $408,375
      1.25 Acres

      Commercial Land on Congress Parkway

      1.25 acre commercial land with high visibility and traffic.
      Congress Pkwy NW, Athens, TN 37303
      View Details
    • $59,900
      2.50 Acres

      Wooded Acres in Athens, TN

      2.5 acres of unrestricted, wooded land with potential.
      2.5 Ac County Rd 750, Athens, TN 37303
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space and Pads Available

      New retail development with high visibility and drive-thru opportunity.
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      View Details
    • $5,000 /Mo

      Commercial Land on Decatur Pike

      1.66 acre commercial land for lease on Decatur Pike.
      902 Decatur Pike, Athens, TN 37303
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    • $4,950 /Mo
      6,600 SF

      Retail Space on Decatur Pike

      6630 SF retail space with high visibility and easy access.
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    • Contact for pricing
      3,658 SF

      Retail Space Near Decatur Pike

      3,658 SF retail space with pole signage available.
      1831 Holiday Dr, Athens, TN 37303
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      2,500 SF

      Retail/Restaurant Space on Decatur Pike

      Versatile space suitable for restaurants and retail with high visibility.
      2619 Decatur Pike, Athens, TN 37303
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    • Contact for pricing
      2,000 SF

      Retail Space on Decatur Pike

      Retail space available immediately in a strong retail market.
      1812-1822 Decatur Pike, Athens, TN 37303
      View Details
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    1212 Decatur Pike
    Athens, TN 37303
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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