You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
New search
Property profile & analytics
OFF-MARKET Estimated value $3,495,000
Banks

204 Washington Ave Athens, TN 37303-3537

30,560 SF 2.4 ac lot Built 1966
Entity Owned 1-yr Hold Free & Clear
Property ID
US80-1951898
Property summary
AI-generated overview

This exceptional Class A office building, located at 204 Washington Ave in Athens, Tennessee, presents a compelling investment opportunity. Boasting 26,880 square feet across two stories, this multi-tenant property sits on a 3.15-acre lot and includes 135 parking spaces. The building, constructed in 1966, benefits from a recent renovation of 6,500 square feet, featuring floor-to-ceiling glass walls and new flooring. A significant portion of the building is currently undergoing renovations to match the high-quality finishes of the updated space, including the addition of a commercial kitchen and extra bathrooms. A new HVAC system has been installed throughout the entire building. The property is zoned B-2 and currently has a tenant leasing 7,000 square feet under a NNN lease expiring in July 2025. An additional 0.75-acre lot adjoins the property, offering potential for expansion or future development. The asking price is $3,500,000, translating to $130.21 per square foot. The property's APN is 054056M B 07200. This is a rare opportunity to acquire a well-located, high-quality office building with significant upside potential in a growing market.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1966
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 30,560 SF
Lot 2.4 ac (104,544 SF)
APN 054056M B 07200
UPID US80-1951898
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
$3.53M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.50M
Owner & transaction history
Simmons Bank · 1 yrs held
Simmons Bank
since 2025
Last sale
$3.5M
3 recorded transactions
2025
$3.5M
2025
Price N/A
2018
$500,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $3.4M +59.8%
Restaurant $2.6M +23.3%
Auto repair, garage $2.4M +13.9%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 204 Washington Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message