193 Brown Jct Centerville, TN 37033
- Medical offices
- 6,225 SF
- 1.01 lot acres
Current Use by Public Records
- Nephrology Associates, PC / Doctor / Nephrologist
- Fresenius Kidney Care Centerville / Dialysis Center
- Dr. Doug Linfert, MD / Nephrologist / Doctor
- Dr. Ling Yu, MD / Nephrologist / Doctor
- Dr. Ashish Soni, MD / Nephrologist / Doctor
Property Details for 193 Brown Jct
- Year built
- 2008
- Construction
- FRAME
- Lot size
- 1.01 lot acres
- Property size
- 6,225 SF
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 041107D A 00500
- APU
- 041107DA00500
Description
This 6,225 square foot retail property in Centerville, TN, presents a compelling redevelopment or lease-up opportunity. Located on a 1.01-acre lot at 193 Brown Junction, this former Fresenius Medical Care facility offers excellent visibility due to its prominent location along Brown Junction, a thoroughfare leading to State Highway 100 (7,580 vehicles per day). The property boasts a large monument sign and benefits from its proximity to numerous national and regional tenants, including Dollar General, Cash Express, and Valspar, creating a strong commercial presence. The site is zoned C-2 (Commercial District) and includes 24 parking spaces. Built in 2007, the building features 6,225 square feet and is offered at $1,500,000 ($240.96/SF). The property's strategic location is further enhanced by its proximity to Ascension Saint Thomas Hickman Hospital, a 65-bed facility, and Centerville Municipal Airport. The 5-mile trade area boasts a population exceeding 5,700 residents and 2,100 daytime employees, with an average household income of $71,208. The current lease expires in December 2024, providing a new owner with over a year of cash flow to plan for redevelopment or secure a new tenant. This fee simple ownership (land and building) presents a tremendous value with excellent visibility and strong demographics.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,950,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,160,000
- 6.5%
- $1,820,000
- 7%
- $2,030,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,695,000
- Geo Method
- $1,700,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,165,000
- Retail
- $1,910,000
- Mixed-Use
- $2,190,000
- Hospitality
- $1,640,000
- Educational
- $1,975,000
- Residential Income
- $2,055,000
- Energy
- $2,065,000
- Income-Based Land
- $1,590,000
- Food Service
- $1,995,000
Location Insight
- Map
- Local Demand
- City
- Centerville
- County
- Hickman
- State
- Tennessee
- Longitude
- -87.4673
- Latitude
- 35.7833
- CBSA code
- 34980
- CBSA name
- NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA
