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    Property profile & analytics

    204 Washington Ave Athens, TN 37303-3537

    • Banks
    • 30,560 SF
    • 2.40 lot acres
    OFF-MARKET
    Value Estimation
    $3,555,000
    Last Sale
    Jun 04, 2025
    $3,500,000
    Location Intelligence
    Property ID
    US80-1951898
    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

    • Banks

    Property Details for 204 Washington Ave

    Year built
    1966
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.40 lot acres
    Property size
    30,560 SF
    Property type
    Banks
    APN
    054056M B 07200
    APU
    054056MB07200

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,490,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,635,000
      6.5%
      $3,655,000
      7%
      $3,790,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,680,000
      Geo Method
      $3,815,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,000,000
      Retail
      $3,780,000
      Mixed-Use
      $3,910,000
      Hospitality
      $4,015,000
      Educational
      $3,935,000
      Residential Income
      $3,590,000
      Energy
      $3,980,000
      Income-Based Land
      $3,325,000
      Food Service
      $3,995,000

    Location Insight

    • Map
    • Local Demand
    City
    Athens
    County
    Mcminn
    State
    Tennessee
    Longitude
    -84.5967
    Latitude
    35.4421
    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
    $16,759
    $40,400
    $761,440
    $801,840
    -
    $101,000
    $1,903,600
    $2,004,600

    Comparable in this City

    • Value Estimation
      $245,000
      4,392 SF

      Congress Pkwy

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      5,772 SF

      Congress Pkwy

      FINANCIAL BUILDING • 5,772 SF
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    • Value Estimation
      $650,000
      19,446 SF

      1878 Congress S Pkwy

      FINANCIAL BUILDING • 19,446 SF
      1878 Congress S Pkwy, Athens, TN 37303-2855
      View Details
    • Value Estimation
      $485,000
      3,419 SF

      White St

      FINANCIAL BUILDING • 3,419 SF
      White St, Athens, TN 37303
      View Details
    • Value Estimation
      $1,080,000
      3,992 SF

      Congress Pkwy

      FINANCIAL BUILDING • 3,992 SF
      Congress Pkwy, Athens, TN 37303
      View Details
    • Value Estimation
      $675,000
      13,949 SF

      106 Washington Ave

      FINANCIAL BUILDING • 13,949 SF
      106 Washington Ave, Athens, TN 37303-3545
      View Details

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    204 Washington Ave
    Athens, TN 37303-3537
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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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