Back to Search
Property profile & analytics
FOR SALE
Commercial land
1815 Country Club Dr Morristown, TN 37814
Individually Owned
3-yr Hold
Free & Clear
Property ID
US80-1243673
No photos on file
For Sale
Contact for pricing
1815 Country Club Dr, Morristown, TN 37814
View Listing →
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
1.86 ac (81,022 SF)
Zoning code
R1
APN
032033N K 02200
UPID
US80-1243673
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Morristown Endodontics Real Estate · 3 yrs held
Morristown Endodontics Real Estate
since 2023
Last sale
$110,000
6 recorded transactions
Zoning & alternative use
R1 · Morristown, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This is the most restrictive residential district, intended to be used for single family residential areas with low population densities, additional permitted uses, by Review of the Board of Zoning Appeals, include related non commercial recreational, religious, and educational facilities normally required to provide the basic elements of a balanced and attr…
Zone name
Single Family Residential
General category
COMMERCIAL
Zone area
3,124.83 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Morristown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morristown submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$28,160
Assessed 2023
Previous assessed
$27,040
+4.1% YoY
Assessed land
$28,160
Land market value
$70,400
Total market value
$70,400
Applied tax rate
32.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Sale
Heating
NONE
Lot
1.86 ac (81,022 SF)
Zoning code
R1
APN
032033N K 02200
UPID
US80-1243673
Jurisdiction
HAMBLEN
Zoning & alternative use
R1 · Morristown, TNZoning R1 · permitted uses
R1 · Morristown, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This is the most restrictive residential district, intended to be used for single family residential areas with low population densities, additional permitted uses, by Review of the Board of Zoning Appeals, include related non commercial recreational, religious, and educational facilities normally required to provide the basic elements of a balanced and attractive residential area
Zone name
Single Family Residential
General category
COMMERCIAL
Zone area
3,124.83 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
1.86 ac
Current owner
From public records · entity-resolved
Morristown Endodontics Real Estate
Individual
Free & Clear · 3 yrs held
Mailing address
PO BOX 532, MORRISTOWN, TN 37815-0532
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2023
$110,000
Morristown Endodontics Real Estate
Sivasubramanian Thirumahilmaran
Warranty Deed
—
Feb 11, 2020
—
Siva & Aruna Maran LLC
—
Deed
related
$580,875 · Newport Fed'l Bk
Apr 30, 2009
—
Siva Maran
—
Trustees Deed
related
$124,900 · Citizens Federal Bank Fsb
Jun 6, 2005
$84,500
Sivasubramanian Thirumahilmaran
Mays,julia D
Warranty Deed
—
Jun 6, 2005
—
Sivasubramanian Thirumahilmaran
Mays,julia D
Quit Claim Deed
related
—
—
—
Siva & Aruna Maran LLC
—
Deed Of Trust
related
$580,875 · Newport Fed'l Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
