Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1798 Roane State Hwy Harriman, TN 37748-8305
    Back to Search
    Property profile & analytics

    1798 Roane State Hwy, Harriman, TN 37748-8305

    View on Map
    • Medical Office Space
    • 9,718 SF
    • 1.23 lot acres
    Off-Market
    Property ID
    US80-1639741
    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
    $575,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Silvia Mende, O.D. / Physician
    • John M. Hunt, OD / Eye Care Center / Optometrist
    • Mitch Brown, OD / Physician
    • Matthew Lowrance, DO / Ophthalmologist
    • Melissa Thomas / Physician

    Property Details for 1798 Roane State Hwy

    Year built
    2007
    Lot size
    1.23 lot acres
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    073046 09612
    APU
    7304609612

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 7, 2024 — Mbl Properties LLC — Deed · related $80k · First Citizens Bank & Trust Co
    May 20, 2021 — Mbl Properties LLC — Deed · related $438k · First Citizens Bank & Trust Co
    — — Tennessee Eye Care LLC — Deed Of Trust · related $304k · Regions Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $530,000
      Current use
      AUTO REPAIR, GARAGE
      $825,000
      Change: +55% Conversion: Difficult
      RESTAURANT
      $735,000
      Change: +38% Conversion: Difficult
      RETAIL STORES
      $715,000
      Change: +35% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Harriman
    County
    Roane
    State
    Tennessee
    Longitude
    -84.5461
    Latitude
    35.8931
    CBSA code
    28940
    CBSA name
    KNOXVILLE, 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
    $423,720
    $374,280
    $798,000
    -
    $1,059,300
    $935,700
    $1,995,000

    Comparable in this City

    • Value Estimation
      $4,320,000
      44,402 SF

      1855 Tanner Way

      MEDICAL BUILDING
      1855 Tanner Way, Harriman, TN 37748-8332
      View Details
    • Value Estimation by Request
      5,675 SF

      415 Roane St

      MEDICAL BUILDING
      415 Roane St, Harriman, TN 37748-2024
      View Details
    • Value Estimation by Request
      7,304 SF

      401 Devonia St

      MEDICAL BUILDING
      401 Devonia St, Harriman, TN 37748-2010
      View Details
    • Value Estimation by Request
      12,897 SF

      521st Devonia St

      MEDICAL BUILDING
      521st Devonia St, Harriman, TN 37748-2116
      View Details
    • Value Estimation
      $1,065,000
      36,688 SF

      2232 Roane State Hwy

      MEDICAL BUILDING
      2232 Roane State Hwy, Harriman, TN 37748-8315
      View Details
    • Value Estimation by Request
      2,284 SF

      1208 Roane St

      MEDICAL BUILDING
      1208 Roane St, Harriman, TN 37748-7420
      View Details

    Similar Nearby for Sale

    • $299,000
      0.68 Acres

      Harriman Land For Sale

      Land parcel in Harriman, TN, suitable for retail/office/medical.
      2212 Roane State Hwy, Harriman, TN 37748
      View Details
    • $450,000
      0.71 Acres

      Prime Corner Land For Sale

      Corner lot near Roane State Hospital, suitable for various businesses.
      2220 Roane State Hwy, Harriman, TN 37748
      View Details
    • Contact for pricing

      Corner Lot Near Roane Hospital

      Prime corner lot suitable for various commercial uses.
      2220 Roane State Hwy, Harriman, TN 37748
      View Details
    • Contact for pricing
      8,922 SF

      Harriman Medical Office Building For Sale

      High-profile medical office building with flexible floor plans and ample parking.
      2497 S Roane St, Harriman, TN 37748
      View Details
    • Contact for pricing
      1,536 SF

      Spacious One-Level Home with Updates

      Updated 3BD/2BA home with commercial potential near I-40.
      1723 Roane State Hwy, Harriman, TN 37748
      View Details
    • Contact for pricing

      Roane State Highway Frontage Land

      Located on Roane State Highway, perfect for retail or office.
      2212 Roane State Hwy, Harriman, TN 37748
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      29,308 SF

      Harriman Medical Office Space For Lease

      Prime Medical Office Building, 8,922 SF Available
      2497 Roane St, Harriman, TN 37748
      View Details
    • $15 SF/Yr

      Medical Office Space Available

      High-profile medical office building with modern, flexible space for rent.
      2497 S Roane St, Harriman, TN 37748
      View Details
    • Contact for pricing
      3,200 SF

      Harriman Office Space Available

      Office space available for rent in Harriman, Tennessee.
      2305 N Gateway Ave, Harriman, TN 37748
      View Details
    • Contact for pricing
      24,070 SF

      Expansive Industrial/Retail Space Available

      24,000 sq ft industrial/retail space near major interstates.
      265 S Roane St, Harriman, TN 37748
      View Details
    • $0.35 SF/Yr

      Flat Site with Small Pad

      Flat land site with a small pad available for rent.
      145 Patton Ln, Harriman, TN 37748
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1798 Roane State Hwy
    Harriman, TN 37748-8305
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1798 Roane State Hwy, Harriman, TN, 37748
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!