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Property profile & analytics
FOR SALE
Auto shops

207 W Central Ave La Follette, TN 37766

6,975 SF 0.4 ac lot Built 2008
Individually Owned 5-yr Hold Free & Clear
Property ID
US80-0713639
Property summary
AI-generated overview

This exceptional 7,000 square foot industrial property in LaFollette, Tennessee, presents a lucrative investment opportunity. The steel building boasts 13 to 17-foot clear span ceiling heights and is intelligently divided into two separately metered tenant spaces. Space 1, encompassing 2,250 square feet, features two 15x14 roller shutter doors and heated boat/RV storage. Space 2 offers a substantial 4,750 square feet of office/warehouse space, complemented by 1,250 square feet of retail/office area with a full-height glazed storefront, ideal for maximizing visibility and attracting customers. The property benefits from a prime location near popular retail establishments including Sonic, Stockyard BBQ, Smith Ace Hardware, Raging Axes, and The Royal Lunch, ensuring high foot traffic and convenient access for tenants and customers. Strong demographics further enhance the property's appeal, with a 3-mile radius population of 9,287 and an average household income of $63,504. The 5-mile and 10-mile radius demographics show even greater potential with populations of 19,202 and 33,510 respectively, and average household incomes reaching $68,516. This versatile property is perfect for a variety of uses and offers significant potential for rental income and appreciation. The asking price is $460,000, translating to $65.71 per square foot. Located at 207 W Central Ave, LaFollette, TN 37766, this property is ready for immediate occupancy.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 2008
Construction FRAME
Total area 6,975 SF
Lot 0.4 ac (17,424 SF)
APN 085O E 00800
UPID US80-0713639
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
David G Cates · 5 yrs held
David G Cates
since 2021
Last sale
$330,000
7 recorded transactions
2023
Price N/A
2021
$330,000
2020
Price N/A
2019
Price N/A
2018
Price N/A
2017
Price N/A
2017
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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