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Property profile & analytics
OFF-MARKET Estimated value $1,395,000
Office Spaces

200 Broadway St Portland, TN 37148-1302

5,366 SF 1.02 ac lot Built 1977
Individually Owned 12-yr Hold Free & Clear
Property ID
US80-1760412
Property summary
AI-generated overview

This exceptional mixed-use property, located at 200 Broadway St S in the heart of Portland, Tennessee, presents a unique investment opportunity. The 3,518 square foot building sits on a 1.44-acre lot and boasts a prime location with high traffic counts. Its previous uses as a bank and employment agency highlight its versatility and suitability for a range of businesses. The property benefits from extensive street frontage along South Broadway Street and Market Street, providing excellent visibility and accessibility. A rear access road and a substantial parking area further enhance its appeal, complemented by a drive-thru carport. The property's significant advantages include its size, location, and parking capabilities, making it ideal for a variety of commercial ventures. Adding to its value is the inclusion of a vacant lot (tax ID 033H H 027.00), offering potential for expansion or future development. This combined offering presents a rare chance to acquire a substantial commercial property in a thriving Tennessee town, with the potential for significant return on investment. The property's strategic location and versatile layout make it an attractive prospect for savvy investors seeking a strong foothold in the Portland market. The ample parking and convenient access points are key features that will appeal to a wide range of potential tenants. The inclusion of the adjacent vacant lot provides additional flexibility and development possibilities. This is a truly exceptional opportunity not to be missed.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1977
Total area 5,366 SF
Lot 1.02 ac (44,250 SF)
APN 083033H H 02601
UPID US80-1760412
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.63M
CAP Approach CAP
$1.01M
Comparable Approach Comparable
$1.51M
Blend (final) Blend
$1.40M
Owner & transaction history
State Of Tennessee · 12 yrs held
State Of Tennessee
since 2013
Last sale
$1.4M
4 recorded transactions
2013
$300
2012
Price N/A
2004
$250,000
2003
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $2.1M +42.0%
Medical building $2.0M +36.8%
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