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Property profile & analytics
OFF-MARKET Estimated value $650,000
Office Spaces

124 Austin St Greeneville, TN 37745-3953

23,102 SF 0.97 ac lot Built 1978
Individually Owned 9-yr Hold ~ Est. High Equity
Property ID
US80-0749187
Property summary
AI-generated overview

This exceptional Greeneville, TN commercial property presents a significant investment opportunity. Boasting over 142,000 square feet of space on a 4.14-acre lot, this facility offers immense potential for various industrial uses, including manufacturing or warehousing. Previously a thriving operation, the property retains some existing equipment and industrial items. The expansive layout includes large storage rooms, multiple conference rooms, substantial floor space ideal for production or storage, and several private offices. Convenient access is provided by two loading docks (one at ground level) and a freight elevator, ensuring efficient material handling. The property benefits from three-phase electric service, primarily underground, enhancing reliability and safety. Its strategic location offers ingress from Jefferson Street and includes a deeded right-of-way on Luke Street, providing multiple access points. Further enhancing its appeal, this property is designated a Qualified HUB Zone. The sale will be conducted via a Special Warranty Deed, "as is," with all due diligence expenses to be borne by the buyer. This is a rare opportunity to acquire a substantial industrial property in a desirable location. The property's size, features, and location make it an attractive prospect for businesses seeking expansion or relocation.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1978
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 23,102 SF
Lot 0.97 ac (42,253 SF)
Zoning code A-1
APN 030099A B 01001
UPID US80-0749187
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
  • District Attorney General's Office Law Firm
  • Greene County Child Support Social Service Agency Charitable Organization
  • Maxim Healthcare Services Greeneville, TN Regional Office Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$640k
CAP Approach CAP
by Request
Comparable Approach Comparable
$665k
Blend (final) Blend
$650k
Owner & transaction history
Jianhui Zhou · 9 yrs held
Jianhui Zhou
since 2016
4 recorded transactions
2016
$1.1M
2006
Price N/A
2006
$550,000
1969
Price N/A
Zoning & alternative use
A-1 · Greeneville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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