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Property profile & analytics
OFF-MARKET Estimated value $1,260,000
Office Spaces

195 Joe R Mccrary Rd Fall Branch, TN 37656-1840

11,664 SF 10 ac lot Built 1996
Entity Owned Absentee Owner Free & Clear
Property ID
US80-2423590
Property summary
AI-generated overview

This exceptional 30-acre commercial property in Fall Branch, Tennessee, presents a significant investment opportunity. Located at 195 Joe R McCrary Rd, this site boasts high visibility due to its prime I-81 frontage, with over 39,000 vehicles passing daily, and convenient access via Exit 50. The property comprises two parcels: a 10.46-acre Greene County parcel zoned A-1 and a 20-acre Washington County parcel zoned PBD-2 (Planned Business District). The Washington County parcel includes a substantial 15,678 square-foot shop/office building featuring a break room, multiple offices, a copy room, mechanical room, and ample parking. The building is surrounded by a 6.86-acre paved parking area and an additional graveled lot for storage, along with a smaller shop building. The land's strategic location, combined with the existing building and expansive acreage, offers immense potential for various commercial uses, including sales or repair facilities for trucking, equipment, trailers, or automobiles. The asking price is $5,200,000, with a land value of $331.67 per square foot. The property's APN is 016 002.03, and it's situated near the Tennessee State Highway Patrol Division. This is a rare opportunity to acquire a large, well-located commercial property with significant development potential.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1996
Construction FRAME
Total area 11,664 SF
Lot 10 ac (435,600 SF)
APN 016 00203 001
UPID US80-2423590
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
  • ADESA East Tennessee Car Dealership
  • CTZ TRAILER SALES Car Dealership
  • CTZ of East TN LLC Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.41M
Blend (final) Blend
$1.26M
Owner & transaction history
FARMLANDS INC
FARMLANDS INC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $1.5M +34.3%
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