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    Property profile & analytics

    185 Main St Newport, TN 37821

    • Manufacturing properties
    • 29,682 SF
    • 0.83 lot acres
    OFF-MARKET
    Value Estimation
    $380,000
    Last Sale
    Dec 08, 2022
    $400,000
    Location Intelligence
    Property ID
    US80-0324127
    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

    • Manufacturing properties

    Property Details for 185 Main St

    Year built
    1939
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.83 lot acres
    Property size
    29,682 SF
    Property type
    Manufacturing properties
    APN
    015047O B 00100
    APU
    015047OB00100

    Description

    This expansive industrial property, located at 185 W Main Street Unit 185, Newport, TN, presents a unique investment opportunity. The 0.83-acre lot houses a substantial 19,875 square foot warehouse, complemented by an additional 10,930 square feet of uncovered space at the rear. Built in 1939 as part of the Rhyne Lumber Company, this building boasts a rich history and offers immense potential for redevelopment. While requiring renovation, a structural engineer's report confirms the building's structural integrity. The necessary updates include the sprinkler system, electrical wiring, plumbing, and roof. The price has been reduced to offset the cost of these improvements. Despite the needed renovations, the warehouse's size and location in Newport, TN, make it an attractive proposition for a variety of commercial uses. The open layout provides flexibility for customization, allowing for the creation of modern, efficient workspace. Serious inquiries are encouraged to explore the possibilities this historic property offers. The property is available for immediate viewing.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $395,000

    • CAP approach

      CAP return
      Estimation
      6%
      $345,000
      6.5%
      $340,000
      7%
      $325,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $360,000
      Geo Method
      $310,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $355,000
      Retail
      $290,000
      Mixed-Use
      $375,000
      Hospitality
      $370,000
      Educational
      $355,000
      Residential Income
      $360,000
      Energy
      $380,000
      Income-Based Land
      $350,000
      Food Service
      $290,000

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Cocke
    State
    Tennessee
    Longitude
    -83.1959
    Latitude
    35.9688
    CBSA code
    35460
    CBSA name
    NEWPORT, TN MICROPOLITAN 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
    2023
    $3,240
    $44,240
    $20,920
    $65,160
    -
    $110,600
    $52,300
    $162,900

    Comparable in this City

    • Value Estimation by Request
      202,800 SF

      815 Industrial Rd

      MANUFACTURING (LIGHT) • 202,800 SF
      815 Industrial Rd, Newport, TN 37821-8115
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    • Value Estimation by Request
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      365 Oliver Cromwell Dr

      MANUFACTURING (LIGHT) • 40,625 SF
      365 Oliver Cromwell Dr, Newport, TN 37821-8171
      View Details
    • Value Estimation
      $365,000
      25,900 SF

      787 Industrial Rd

      MANUFACTURING (LIGHT) • 25,900 SF
      787 Industrial Rd, Newport, TN 37821-8113
      View Details
    • Value Estimation
      $910,000
      134,948 SF

      Hwy 25-70

      MANUFACTURING (LIGHT) • 134,948 SF
      Hwy 25-70, Newport, TN 37821
      View Details
    • Value Estimation
      $760,000
      91,252 SF

      371 Chemwood Dr

      MANUFACTURING (LIGHT) • 91,252 SF
      371 Chemwood Dr, Newport, TN 37821-8150
      View Details
    • Value Estimation
      $1,070,000
      141,700 SF

      766 Industrial Rd

      MANUFACTURING (LIGHT) • 141,700 SF
      766 Industrial Rd, Newport, TN 37821-8112
      View Details

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    185 Main St
    Newport, TN 37821
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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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