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Property profile & analytics
OFF-MARKET
Warehouses

212 Water St Carthage, TN 37030-1537

1,600 SF 0.06 ac lot Built 1967
Entity Owned 3-yr Hold Free & Clear
Property ID
US80-1441854
Property summary
AI-generated overview

This exceptional 1,600 square foot commercial property, situated at 212 Water Street in Carthage, Tennessee, presents a rare investment opportunity. Located just minutes from the town square, this property enjoys convenient access to local shops and restaurants, ensuring high visibility and foot traffic. The 0.06-acre lot benefits from public water and sewer connections, simplifying utility setup. The building itself is a blank slate, offering immense flexibility for a wide range of commercial ventures. Previous owner considerations included a duplex, short-term rental (STR), commercial office space, photography studio, mini-storage units, food bank, or bakery – showcasing the property's adaptability. A significant advantage is the recently installed (within the past year) new metal roof, minimizing future maintenance costs. The property is being sold with a new survey, providing clear and accurate boundary information for potential buyers. This is an ideal opportunity for entrepreneurs seeking a versatile space in a thriving community. The central location and adaptable nature of the building make it a highly attractive investment with significant potential for return. Don't miss this chance to acquire a prime commercial property in the heart of Carthage.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1967
Total area 1,600 SF
Lot 0.06 ac (2,614 SF)
Zoning code C-1
APN 080054H A 02800
UPID US80-1441854
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
Karthage Kardone INC · 3 yrs held
Karthage Kardone INC
since 2023
Last sale
$63,000
5 recorded transactions
2026
Price N/A
2024
Price N/A
2023
$63,000
2020
Price N/A
2011
$45,000
Zoning & alternative use
C-1 · Carthage, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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