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    Property profile & analytics

    15617 State Rte 111 Spencer, TN 38585-3652

    • Retail space
    • 2,112 SF
    • 1.06 lot acres
    OFF-MARKET
    Value Estimation
    $175,000
    Location Intelligence
    Property ID
    US80-3023495
    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

    • Retail space

    Property Details for 15617 State Rte 111

    Year built
    2019
    Lot size
    1.06 lot acres
    Property size
    2,112 SF
    Property type
    Retail space
    APN
    088023O A 03300
    APU
    088023OA03300

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Spencer
    County
    Van Buren
    State
    Tennessee
    Longitude
    -85.4581
    Latitude
    35.7518

    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
    $1,890
    $14,840
    $63,920
    $78,760
    -
    $37,100
    $159,800
    $196,900

    Comparable in this City

    • Value Estimation by Request
      2,077 SF

      Hwy 30

      RETAIL STORES (PERSONAL SERVICES) • 2,077 SF
      Hwy 30, Spencer, TN 38585
      View Details
    • Value Estimation by Request
      3,080 SF

      3222 Brockdell Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,080 SF
      3222 Brockdell Rd, Spencer, TN 38585-4747
      View Details
    • Value Estimation by Request
      2,082 SF

      1075 Drake And Shockley St

      RETAIL STORES (PERSONAL SERVICES) • 2,082 SF
      1075 Drake And Shockley St, Spencer, TN 38585-3478
      View Details
    • Value Estimation by Request
      2,520 SF

      1073 Old State Hwy 111

      RETAIL STORES (PERSONAL SERVICES) • 2,520 SF
      1073 Old State Hwy 111, Spencer, TN 38585-4751
      View Details
    • Value Estimation by Request
      1,925 SF

      6705 Old State Hwy 111

      RETAIL STORES (PERSONAL SERVICES) • 1,925 SF
      6705 Old State Hwy 111, Spencer, TN 38585-4436
      View Details
    • Value Estimation by Request
      3,734 SF

      447 Sparta St

      RETAIL STORES (PERSONAL SERVICES) • 3,734 SF
      447 Sparta St, Spencer, TN 38585-3045
      View Details

    Similar Nearby for Sale

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    • $479,900
      2.30 Acres

      Established Business on 2.3 Acres

      Established tire shop with equipment and inventory on 2.3 acres.
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    • $32,000
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      Land Near Community Amenities

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    15617 State Rte 111
    Spencer, TN 38585-3652
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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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