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    Property profile & analytics

    1240 Florence Rd Savannah, TN 38372

    • Retail space
    • 16,264 SF
    • 1.71 lot acres
    For Lease
    View listing
    Value Estimation
    $250,000
    Location Intelligence
    Property ID
    US80-1823069
    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

    • Elizabeth A. Manley, DPH / Pharmacy
    • A-1 Overstock Depot / Store
    • Christy M. Doyle, PharmD / Pharmacy

    Property Details for 1240 Florence Rd

    Year built
    2001
    Construction
    FRAME
    Lot size
    1.71 lot acres
    Property size
    16,264 SF
    Zone code
    B2
    Property type
    Retail space
    APN
    036083P B 01602
    APU
    036083PB01602

    Description

    This exceptional commercial property, located at 1240 Florence Rd in Savannah, Tennessee, offers a versatile 14,514 square-foot building situated on a generous 1.7-acre lot. The property is classified as retail, office, and industrial, making it suitable for a variety of business types. The building's configuration is ideal for a single tenant seeking a significant footprint. The property features one loading dock, a key asset for businesses requiring efficient loading and unloading capabilities. The property is situated in Hardin County, Tennessee, and offers a triple net (NNN) lease structure, providing tenants with predictable and transparent operating costs. This single-tenant occupancy presents a unique opportunity for businesses seeking a prominent presence in a growing market. The expansive space and ample land provide flexibility for various operational needs, while the location ensures high visibility and accessibility. The property's zoning and permitted uses should be verified independently. This is a rare opportunity to secure a substantial commercial space in a desirable location. The zip code is 38372.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $200,000

    • CAP approach

      CAP return
      Estimation
      6%
      $260,000
      6.5%
      $255,000
      7%
      $290,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $300,000
      Geo Method
      $270,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $250,000
      Retail
      $260,000
      Mixed-Use
      $280,000
      Hospitality
      $270,000
      Educational
      $315,000
      Residential Income
      $295,000
      Energy
      $245,000
      Income-Based Land
      $285,000
      Food Service
      $290,000

    Location Insight

    • Map
    • Local Demand
    City
    Savannah
    County
    Hardin
    State
    Tennessee
    Longitude
    -88.2398
    Latitude
    35.2065

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,036
    $53,680
    $111,080
    $164,760
    -
    $134,200
    $277,700
    $411,900

    Comparable in this City

    • Value Estimation by Request
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    • Value Estimation by Request
      872 SF

      4140 Hwy 226

      RETAIL STORES (PERSONAL SERVICES) • 872 SF
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    • Value Estimation by Request
      756 SF

      End Dr

      RETAIL STORES (PERSONAL SERVICES) • 756 SF
      End Dr, Savannah, TN 38372
      View Details
    • Value Estimation by Request
      5,868 SF

      1180 Wayne Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,868 SF
      1180 Wayne Rd, Savannah, TN 38372-1561
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    • Value Estimation by Request
      1,290 SF

      1125 Wayne Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,290 SF
      1125 Wayne Rd, Savannah, TN 38372-2063
      View Details
    • Value Estimation by Request
      3,840 SF

      1215 Wayne Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,840 SF
      1215 Wayne Rd, Savannah, TN 38372-1996
      View Details

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    Similar Nearby for Lease

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      14,514 SF

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    1240 Florence Rd
    Savannah, TN 38372
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    Realmo Value Estimation

    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.

    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.

    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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