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    Property profile & analytics

    2 White St Athens, TN 37303

    • Banks
    • 4,830 SF
    • 0.05 lot acres
    For Sale
    View listing
    $465,000
    Value Estimation
    Last Sale
    May 13, 2022
    $300,000
    Location Intelligence
    Property ID
    US80-3279894
    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

    • Creekside Massage And Yoga / Massage Therapist
    • Treasure's Jewelers Athens / Jewelry Store

    Property Details for 2 White St

    Year built
    1908
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.05 lot acres
    Property size
    4,830 SF
    Property type
    Banks
    APN
    054056M C 04500
    APU
    054056MC04500

    Description

    This exceptional mixed-use property at 2 N White Street in Athens, Tennessee presents a lucrative investment opportunity. The 3,780 square foot building sits on a 0.05-acre lot at a prime corner location at the intersection of Jackson Street and Courthouse Square. The property boasts a strong rental history with immediate income potential for the new owner. The main level features a street-level storefront currently leased to a children's clothing store for $1,500 per month. Upstairs, the building includes two renovated two-bedroom apartments, each generating $1,200 in monthly rent. Additionally, a newly renovated one-bedroom apartment on the ground floor provides an additional $800 in monthly rental income. This translates to a substantial total monthly rental income of $4,100. The previous owner completed significant renovations, updating the storefront space and the apartments to a high standard. The property's excellent location and strong tenant occupancy make this a rare find in the Athens market. Serious inquiries should provide adequate notice to allow for tenant scheduling. This is a turnkey investment ready to generate immediate returns.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $295,000

    • CAP approach

      CAP return
      Estimation
      6%
      $310,000
      6.5%
      $300,000
      7%
      $290,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $330,000
      Geo Method
      $345,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $360,000
      Retail
      $330,000
      Mixed-Use
      $295,000
      Hospitality
      $310,000
      Educational
      $350,000
      Residential Income
      $360,000
      Energy
      $275,000
      Income-Based Land
      $335,000
      Food Service
      $280,000

    Location Insight

    • Map
    • Local Demand
    City
    Athens
    County
    Mcminn
    State
    Tennessee
    Longitude
    -84.5936
    Latitude
    35.4422
    CBSA code
    11940
    CBSA name
    ATHENS, 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
    $2,575
    $3,360
    $119,840
    $123,200
    -
    $8,400
    $299,600
    $308,000

    Comparable in this City

    • Value Estimation
      $1,080,000
      3,992 SF

      Congress Pkwy

      FINANCIAL BUILDING • 3,992 SF
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    • Value Estimation
      $675,000
      13,949 SF

      106 Washington Ave

      FINANCIAL BUILDING • 13,949 SF
      106 Washington Ave, Athens, TN 37303-3545
      View Details
    • Value Estimation
      $240,000
      3,636 SF

      1117 Congress S Pkwy

      FINANCIAL BUILDING • 3,636 SF
      1117 Congress S Pkwy, Athens, TN 37303-2403
      View Details
    • Value Estimation
      $315,000
      3,716 SF

      1609 Decatur Pike

      FINANCIAL BUILDING • 3,716 SF
      1609 Decatur Pike, Athens, TN 37303-2472
      View Details
    • Value Estimation
      $245,000
      4,392 SF

      Congress Pkwy

      FINANCIAL BUILDING • 4,392 SF
      Congress Pkwy, Athens, TN 37303
      View Details
    • Value Estimation
      $230,000
      5,772 SF

      Congress Pkwy

      FINANCIAL BUILDING • 5,772 SF
      Congress Pkwy, Athens, TN 37303
      View Details

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    Similar Nearby for Lease

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    2 White St
    Athens, TN 37303
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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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