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    141 Quincy St Gadsden, TN 38337

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    141 Quincy St Gadsden, TN 38337

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    • Retail space
    • 3,640 SF
    • 1.00 lot acres
    For Sale
    $99,000
    View Listing →
    Multi-Tenant Commercial Building For Sale For Sale
    $99,000
    1.00 Acre

    Multi-Tenant Commercial Building For Sale

    Multi-tenant commercial building in Gadsden, TN, with rental income.

    141 Quincy St, Gadsden, TN 38337
    View Listing
    Property ID
    US80-2683938
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 141 Quincy St

    Year built
    1958
    Lot size
    1.00 lot acres
    Property size
    3,640 SF
    Property type
    Retail space
    APN
    017068C B 00502
    APU
    017068CB00502

    Description

    This exceptional 2,200 square foot commercial property in Gadsden, Tennessee, presents a remarkable opportunity for a variety of businesses. Located on a one-acre lot, this single-tenant building offers a spacious interior ideal for retail or food service operations. The property boasts a highly visible street frontage, ensuring excellent exposure for your business. With ample parking accommodating 15 vehicles, customer access and deliveries are easily managed. The building is a single-story structure, providing convenient and efficient use of space. Its versatile layout makes it suitable for a convenience store, small grocery, or restaurant. The property's prime location in Gadsden offers easy access and visibility, making it an attractive option for businesses seeking a thriving community. The property's APN is 005.02. This is a rare opportunity to secure a well-situated commercial space in a desirable location. Don't miss out on this chance to establish your business in a vibrant and growing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Gadsden
    County
    Crockett
    State
    Tennessee
    Longitude
    -88.9902
    Latitude
    35.7761
    CBSA code
    27180
    CBSA name
    JACKSON, TN METROPOLITAN STATISTICAL AREA

    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
    0
    $0.00
    $2,320
    $32,360
    $34,680
    -
    $5,800
    $80,900
    $86,700

    Comparable in this City

    • Value Estimation by Request
      966 SF

      Main St

      RETAIL STORES (PERSONAL SERVICES) • 966 SF
      Main St, Gadsden, TN 38337
      View Details
    • Value Estimation
      $1,100,000
      9,220 SF

      19583 Hwy 79

      RETAIL STORES (PERSONAL SERVICES) • 9,220 SF
      19583 Hwy 79, Gadsden, TN 38337-6901
      View Details
    • Value Estimation by Request
      2,347 SF

      20380 Hwy 79

      RETAIL STORES (PERSONAL SERVICES) • 2,347 SF
      20380 Hwy 79, Gadsden, TN 38337-3703
      View Details
    • Value Estimation by Request
      2,756 SF

      21095 Hwy 79

      RETAIL STORES (PERSONAL SERVICES) • 2,756 SF
      21095 Hwy 79, Gadsden, TN 38337-3709
      View Details
    • Value Estimation by Request
      2,368 SF

      Quincy St

      FINANCIAL BUILDING • 2,368 SF
      Quincy St, Gadsden, TN 38337
      View Details
    • Value Estimation by Request
      0.08 Acres

      Main St

      VACANT COMMERCIAL LAND • 0.08 Acres
      Main St, Gadsden, TN 38337
      View Details

    Similar Nearby for Sale

    • $99,000

      Multi-Tenant Commercial Building For Sale

      Multi-tenant commercial building in Gadsden, TN, with rental income.
      141 Quincy St, Gadsden, TN 38337
      View Details
    • $120,000
      3,360 SF

      Gadsden Retail Space - Prime Location

      High-traffic retail space, excellent visibility.
      141 Quincy St, Gadsden, TN 38337
      View Details
    • $250,000
      1,089,000 SF

      25 Acres of Land

      Approximately 25 acres of land suitable for building a home.
      4 Humboldt Lake Rd, Gadsden, TN 38337
      View Details
    • Contact for pricing

      7 Acres with Road Frontage

      7 acres of land with over 800 feet frontage.
      00 Highway 79, Gadsden, TN 38337
      View Details
    View Listing
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    Gadsden, TN 38337
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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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