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    Property profile & analytics

    1529 Highway 11E New Market, TN 37820

    • Commercial real estate
    • 5.00 lot acres
    For Sale
    View listing
    $5,000,000
    Value Estimation
    Last Sale
    Feb 28, 2020
    $275,000
    Location Intelligence
    Property ID
    US80-0904171
    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

    • Commercial real estate

    Property Details for 1529 Highway 11E

    Lot size
    5.00 lot acres
    Zone code
    I-1
    Property type
    Commercial real estate
    APN
    032 04301
    APU
    3204301

    Description

    This exceptional self-storage facility in New Market, Tennessee, presents a compelling investment opportunity. Priced at $5,000,000, it boasts a 6.97% pro-forma cap rate and a $348,500 pro-forma NOI. The property comprises 13 buildings on a 5-acre lot, featuring a total of 318 units, including recently added and soon-to-be-added units. Construction dates range from 2001 to 2024, with 85 more units slated for completion in Summer 2024. Currently, the occupancy rate stands at 95%. The facility benefits from a highly visible, centrally located position, just a short distance from Knoxville and Jefferson City. Features include an excellent unit mix, low operating expenses, and easy remote management capabilities. Recent improvements encompass new fencing, landscaping, and exterior lighting. The property also offers ample outdoor storage for RVs, boats, and campers. This is a turnkey operation with significant potential for future growth and expansion. The property's strong performance and strategic location make it an attractive investment for discerning buyers.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $370,000

    • CAP approach

      CAP return
      Estimation
      6%
      $340,000
      6.5%
      $385,000
      7%
      $370,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $350,000
      Geo Method
      $420,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $300,000
      Retail
      $390,000
      Mixed-Use
      $360,000
      Hospitality
      $335,000
      Educational
      $355,000
      Residential Income
      $330,000
      Energy
      $355,000
      Income-Based Land
      $375,000
      Food Service
      $310,000

    Location Insight

    • Map
    • Local Demand
    City
    New Market
    County
    Jefferson
    State
    Tennessee
    Longitude
    -83.5894
    Latitude
    36.0887
    CBSA code
    34100
    CBSA name
    MORRISTOWN, 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
    $33,120
    $260,840
    $293,960
    -
    $82,800
    $652,100
    $734,900

    Comparable in this City

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      1840 Baldwin Cate Rd

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    • Value Estimation by Request

      Hwy 11th W

      COMMERCIAL (GENERAL)
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      View Details

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    Request Owner's contact information
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    1529 Highway 11E
    New Market, TN 37820
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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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