Technical
Financial
Distress signals
Property profile

1216 Main St Morristown, TN 37814

OFF-MARKET
Banks
Property ID
US80-0713343
10,965 SF 1.74 ac lot Built 2019
Individually Owned 9-yr Hold Free & Clear
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Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 2019
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 10,965 SF
Lot 1.74 ac (75,794 SF)
APN 032034J A 02300
UPID US80-0713343

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
  • Credit Union
  • Bank Loan Service

Location

1216 Main St Morristown, TN 37814-6657
Morristown metro Census 100200 MORRISTOWN, TN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$390k
CAP Approach CAP
by Request
Comparable Approach Comparable
$709k
Blend (final) Blend
$390k

Owner & transaction history

since 2017
3 recorded transactions
2017
$240,000
2009
Price N/A
1988
$80,000

Zoning & alternative use

Top alternative use upside
Restaurant $855,000 +8.0%

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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