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    2003 Broadway Ave Maryville, TN 37804-3080

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    2003 Broadway Ave Maryville, TN 37804-3080

    View on Map
    • Grocery and convenience stores
    • 5,900 SF
    • 0.58 lot acres
    Off-Market
    Property ID
    US80-0707984
    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.
    Value Estimations
    $510,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • KenJo Markets / Grocery & Convenience Store
    • National Bitcoin ATM / Atm / Currency Exchange Service
    • Western Union / Bank / Credit Union
    • Founder's Square / Food Market / Farmer's Market
    • Shell / Restaurant

    Property Details for 2003 Broadway Ave

    Year built
    1990
    Lot size
    0.58 lot acres
    Property size
    5,900 SF
    Zone code
    BT
    Property type
    Grocery and convenience stores
    APN
    005047B G 01600
    APU
    005047BG01600

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $340,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $637,000
      Market price range: $319k - $906k
      AI Estimate
      $546,000
      Market price range: $251k - $836k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $645,000
      Current use
      AUTO REPAIR, GARAGE
      $690,000
      Change: +7% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $560,000
      Change: -13% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Maryville
    County
    Blount
    State
    Tennessee
    Longitude
    -83.9544
    Latitude
    35.7757
    CBSA code
    28940
    CBSA name
    KNOXVILLE, TN METROPOLITAN 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
    2022
    $4,503
    $40,000
    $154,520
    $194,520
    -
    $100,000
    $386,300
    $486,300

    Comparable in this City

    • Value Estimation
      $530,000
      3,432 SF

      2556 Broadway Ave

      GROCERY, SUPERMARKET • 3,432 SF
      2556 Broadway Ave, Maryville, TN 37804-2761
      View Details
    • Value Estimation
      $840,000
      6,744 SF

      107 Washington St

      GROCERY, SUPERMARKET • 6,744 SF
      107 Washington St, Maryville, TN 37804-5729
      View Details
    • Value Estimation
      $795,000
      2,748 SF

      3553 Lamar Alexander Pkwy

      GROCERY, SUPERMARKET • 2,748 SF
      3553 Lamar Alexander Pkwy, Maryville, TN 37804-6032
      View Details
    • Value Estimation by Request
      3,181 SF

      2118 Broadway Ave

      GROCERY, SUPERMARKET • 3,181 SF
      2118 Broadway Ave, Maryville, TN 37804-3035
      View Details
    • Value Estimation
      $655,000
      4,755 SF

      1811 Sevierville Rd

      GROCERY, SUPERMARKET • 4,755 SF
      1811 Sevierville Rd, Maryville, TN 37804-5115
      View Details
    • Value Estimation by Request
      3,182 SF

      605 Washington St

      GROCERY, SUPERMARKET • 3,182 SF
      605 Washington St, Maryville, TN 37804-5805
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      16,200 SF

      Commercial Building with Warehouse Space

      Highly visible commercial building with warehouse space for rent.
      2808 E Lamar Alexander Pkwy, Maryville, TN 37804
      View Details
    • $249,900
      0.27 Acres

      Downtown Maryville Land For Sale

      Land in downtown Maryville with retail, office, residential potential.
      450 E Church Ave, Maryville, TN 37804
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    • $749,900
      4,136 SF

      Historic Maryville Property with Potential

      Versatile property in downtown Maryville, suitable for various uses.
      321 High St, Maryville, TN 37804
      View Details
    • $174,500
      Pending

      Picturesque Land Near Smoky Mountains

      1.32-acre lot near Maryville, Townsend, and Great Smoky Mountains.
      3126 Davis Ford Rd, Maryville, TN 37804
      View Details
    • $105,000
      Pending

      Land in Maryville, Tennessee

      One acre of commercial land for sale in Maryville.
      5408 Nails Creek Rd, Maryville, TN 37804
      View Details
    • $329,500
      317,988 SF

      7+ Acre Mini Farm Tract

      Land with creek, suitable for building a mini farm.
      377 Alfred Mccammon Rd, Maryville, TN 37804
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail/Office Space with Tenant Improvements

      Retail or office space available with tenant improvement allowance.
      1536 E Broadway Ave, Maryville, TN 37804
      View Details
    • $12 SF/Yr
      7,035 SF

      Retail Space in Browns Creek

      Retail space available in Browns Creek Shopping Center.
      1707 E Lamar Alexander Pkwy, Maryville, TN 37804
      View Details
    • Contact for pricing

      Downtown Maryville Versatile Retail Spaces

      Two versatile spaces in the historic J&K Building.
      201-203 S Court St, Maryville, TN 37804
      View Details
    • $7,500 /Mo
      2,500 SF

      Maryville Retail Space with Yard

      Retail space with fenced yard and excellent visibility available for rent.
      1528 W Broadway Ave, Maryville, TN 37804
      View Details
    • $12 SF/Yr
      3,920 SF

      Downtown Maryville Versatile Retail Space

      Versatile space in historic building, ideal for various businesses.
      205 Court St, Maryville, TN 37804
      View Details
    • $5,000 /Mo

      Flex Space with Warehouse Component

      Office and warehouse space with renovation and expansion potential.
      116 Tennessee St, Maryville, TN 37804
      View Details
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    2003 Broadway Ave
    Maryville, TN 37804-3080
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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