Property profile

179 Main St Parsons, TN 38363

OFF-MARKET
Medical Office Space
Property ID
US80-0440262
2,936 SF 73 ac lot Built 1946
Individually Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial property, located at 179 E Main Street in Parsons, Tennessee, presents a unique investment opportunity. The building encompasses 2,936 square feet and sits on a lot with no acreage specified. Currently, a triple-net lease is in place, generating a consistent monthly income of $2800. This lease has a remaining term of three years, providing immediate cash flow and a stable investment. The property's location on East Main Street ensures high visibility and accessibility, making it ideal for a variety of businesses. The building itself is well-maintained and ready for immediate occupancy, although the specific condition and features are not detailed in the provided information. This presents a chance to acquire a profitable income-generating asset in a thriving Tennessee town. The asking price for this turnkey commercial property is $235,900. Given the current lease and the property's prime location, this represents a strong return on investment potential. Serious inquiries are encouraged to explore this opportunity further. Further details regarding the building's specifics are available upon request. This is an excellent chance to secure a stable, income-producing asset in a desirable location.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1946
Total area 2,936 SF
Lot 73 ac (3,179,880 SF)
APN 020049M E 01800
UPID US80-0440262

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

179 Main St Parsons, TN 38363-2308
Parsons metro Census 955003
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k

Owner & transaction history

since 2025
Last sale
$180,000
7 recorded transactions
2025
$180,000
2023
$210,000
2021
$167,000
2019
$325,000
2013
Price N/A
2011
Price N/A
2010
$100,000

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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