Technical
Financial
Distress signals
Property profile

1639 Morris Blvd Morristown, TN 37813

OFF-MARKET
Medical Office Space
Property ID
US80-0144019
8,048 SF 0.77 ac lot Built 2022
Entity Owned 5-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2022
Construction FRAME
Total area 8,048 SF
Lot 0.77 ac (33,541 SF)
APN 032041F G 00100
UPID US80-0144019

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
  • Medical Clinic
  • Physician
  • Physician
  • Physician
  • Medical Clinic Hospital

Location

1639 Morris Blvd Morristown, TN 37813-2832
Morristown metro Census 100300 MORRISTOWN, TN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$355k
CAP Approach CAP
by Request
Comparable Approach Comparable
$688k
Blend (final) Blend
$355k

Owner & transaction history

since 2021
7 recorded transactions
2024
Price N/A
2021
Price N/A
2007
Price N/A
2005
Price N/A
2005
Price N/A
2005
$221,500
2004
$110,100

Zoning & alternative use

Top alternative use upside
Restaurant $655,000 +28.0%
Commercial (general) $630,000 +23.8%
Auto repair, garage $615,000 +20.8%

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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