Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    208 Elk Ave Elizabethton, TN 37643-2612

    • Retail space
    • 1,650 SF
    • 25.00 lot acres
    OFF-MARKET
    Last Sale
    Aug 18, 2023
    $75,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1364518
    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

    • Soul Sister Studios / Nail Salon
    • Free Reign Farm Goat Milk Soaps & Wood Wick Candles / Food Processing Plant
    • Free Reign Farm LLC / (Bike/Boat/Book/etc) Store / Cosmetic Store

    Property Details for 208 Elk Ave

    Year built
    1945
    Lot size
    25.00 lot acres
    Property size
    1,650 SF
    Property type
    Retail space
    APN
    010041B L 01800
    APU
    010041BL01800

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Elizabethton
    County
    Carter
    State
    Tennessee
    Longitude
    -82.2272
    Latitude
    36.3503
    CBSA code
    27740
    CBSA name
    JOHNSON CITY, 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
    0
    $0.00
    $7,400
    $9,560
    $16,960
    -
    $18,500
    $23,900
    $42,400

    Comparable in this City

    • Value Estimation by Request
      800 SF

      1201 Us-19E

      Individual retail properties • 800 SF
      1201 Us-19E, Elizabethton, TN 37643
      View Details
    • Value Estimation
      $630,000
      17,400 SF

      Ee St

      RETAIL STORES (PERSONAL SERVICES) • 17,400 SF
      Ee St, Elizabethton, TN 37643
      View Details
    • Value Estimation by Request
      9,000 SF

      Elk

      RETAIL STORES (PERSONAL SERVICES) • 9,000 SF
      Elk, Elizabethton, TN 37643
      View Details
    • Value Estimation by Request
      2,957 SF

      110 Armed Forces Dr

      RETAIL STORES (PERSONAL SERVICES) • 2,957 SF
      110 Armed Forces Dr, Elizabethton, TN 37643-3359
      View Details
    • Value Estimation by Request
      1,136 SF

      1409 Broad St

      RETAIL STORES (PERSONAL SERVICES) • 1,136 SF
      1409 Broad St, Elizabethton, TN 37643-6129
      View Details
    • Value Estimation by Request
      3,199 SF

      Elk Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,199 SF
      Elk Ave, Elizabethton, TN 37643
      View Details

    Similar Nearby for Sale

    • $395,000
      920 SF

      Retail Investment Opportunity

      Retail building with NNN lease in high-traffic Elizabethton corridor.
      1201 Highway 19E Byp, Elizabethton, TN 37643
      View Details
    • $859,900
      2,643 SF

      Prime Commercial Building in Elizabethton

      Exceptional commercial property in a high-traffic location near major retailers.
      111 W Elk / Charlie Robinson Ave, Elizabethton, TN 37643
      View Details
    • $759,900
      1,804 SF

      Prime Commercial Property in Elizabethton

      High-visibility commercial property with drive-thru and ample parking.
      113 W Elk/Charlie Robinson Dr, Elizabethton, TN 37643
      View Details
    • New
      $425,000
      1.75 Acres

      Versatile Commercial Property in Elizabethton

      1.75-acre commercial property suitable for various business operations.
      2719 Highway 91, Elizabethton, TN 37643
      View Details
    • New
      $999,900
      4,348 SF

      High-Visibility Commercial Building on US-19E

      4,300 SF commercial building on a high-traffic Elizabethton corner.
      2214 W Elk Ave, Elizabethton, TN 37643
      View Details
    • $470,000
      2,400 SF

      Established Commercial Property on Highway

      High-traffic location ideal for automotive sales or other commercial uses.
      3861 Hwy 19-E, Elizabethton, TN 37643
      View Details

    Similar Nearby for Lease

    • $3,000 /Mo
      2,408 SF

      Remodeled Retail Space in Elizabethton

      Retail spaces for lease in downtown Elizabethton historical district.
      711/713 E Elk Ave, Elizabethton, TN 37643
      View Details
    • Contact for pricing
      10,738 SF

      Retail Space Next to Aldi's

      10,738 SF retail space in busy shopping center.
      791 W Elk Ave, Elizabethton, TN 37643
      View Details
    • $12 SF/Yr
      2,150 SF

      New Mixed-Use Development in Elizabethton

      New downtown development with flexible build-out options, available Spring 2026.
      400 East E St, Elizabethton, TN 37643
      View Details
    • Contact for pricing

      Elizabethton Commercial Property For Rent

      Newly built commercial property in Elizabethton, Tennessee, with high visibility.
      315 Broad St, Elizabethton, TN 37643
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Retail space available for lease in Elizabethton, Tennessee.
      768 W Elk Ave, Elizabethton, TN 37643
      View Details
    • Contact for pricing

      Downtown Elizabethton Mixed-Use Investment

      Mixed-use property with commercial and residential tenants in downtown.
      707 E Elk Ave, Elizabethton, TN 37643
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    208 Elk Ave
    Elizabethton, TN 37643-2612
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!