Technical
Financial
Distress signals
Property profile

1335 Andrew Johnson Hwy Morristown, TN 37814

OFF-MARKET
Other warehouses
Property ID
US80-1246039
17,870 SF 1.45 ac lot Built 1947
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This retail/service building is positioned on a highway frontage area and includes two suites with a combined interior area of 5,115 square feet. Suite A contains 2,015 square feet and is located on the W AJ Hwy side near the AK Pawn entrance. Suite B contains 3,100 square feet and is located toward the rear of the building on W 1st North St; it includes an approximately 0.25-acre fenced yard and features four drive-in bay doors, including one wash bay. The layout supports separate tenancy of Suites A and B, and also allows for combined use, with potential for office space in Suite A and non-customer or operational space in Suite B.

Property profile

Verified
Property type Other warehouses
Use group WAREHOUSE, STORAGE
Year built 1947
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 17,870 SF
Lot 1.45 ac (63,162 SF)
APN 032041C B 01300
UPID US80-1246039

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
  • Discount Store (Bike/Boat/Book/etc) Store

Location

1335 Andrew Johnson Hwy Morristown, TN 37814-3728
Morristown metro Census 100300 MORRISTOWN, TN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$815k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.04M
Blend (final) Blend
$710k

Owner & transaction history

since 2020
Last sale
$650,000
1 recorded transaction
2020
$650,000

Zoning & alternative use

Top alternative use upside
Retail stores $1.0M +35.1%

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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