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Property profile & analytics
FOR SALE
Medical Office Space

193 Brown Jct Centerville, TN 37033

6,225 SF 1.01 ac lot Built 2008
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US80-0582603
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2008
Construction FRAME
Total area 6,225 SF
Lot 1.01 ac (43,996 SF)
APN 041107D A 00500
UPID US80-0582603
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
Current use
Occupant on record · Public records
  • Nephrology Associates, PC Medical Clinic
  • Fresenius Kidney Care Centerville Medical Clinic
  • Dr. Doug Linfert, MD Physician Medical Clinic
  • Dr. Ling Yu, MD Physician Medical Clinic
  • Dr. Ashish Soni, MD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.32M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.91M
Owner & transaction history
Lusavi Pagosa LLC · 4 yrs held
Lusavi Pagosa LLC
since 2021
Last sale
$1.9M
3 recorded transactions
2021
$1.9M
1989
$28,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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