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    2123 Locust Ave Lawrenceburg, TN 38464
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    Property profile & analytics

    2123 Locust Ave, Lawrenceburg, TN 38464

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    • Mixed-use properties
    • 6,000 SF
    • 0.50 lot acres
    Off-Market
    Property ID
    US80-1691665
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Verizon / Mobile Phone Store / Electronics & Wireless Store

    Property Details for 2123 Locust Ave

    Year built
    1978
    Lot size
    0.50 lot acres
    Property type
    Mixed-use properties

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 8, 2025 — Lisa W Coleman Lisa Wilson Coleman Deed · related —
    Nov 15, 2024 — Abc Phones Of North Carolina INC The Residuary Trust Deed —
    Nov 21, 2016 — 2016 Trust Wilson Philip E Quitclaim Deed · related —

    Description

    This exceptional 6,000 square foot mixed-use property is situated on a half-acre lot in Lawrenceburg, Tennessee's thriving business district. Its prime location directly across from a Walmart supercenter ensures high visibility and foot traffic. The property currently houses a Verizon store occupying 3,000 square feet of the building's street-facing space. The remaining 3,000 square feet is vacant, presenting a significant opportunity for a new tenant or expansion of an existing business. The adaptable layout allows for customization to suit various business needs. This property offers a rare chance to acquire a substantial investment in a high-demand area, benefiting from the proximity to numerous amenities including restaurants, fast-food establishments, banks, and hotels. The recent recalculation of the acreage to approximately half an acre further enhances the value proposition. The asking price reflects the property's strategic location and significant potential for growth and return on investment. Don't miss this opportunity to secure a foothold in Lawrenceburg's dynamic commercial landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawrenceburg
    County
    Lawrence County, TN
    State
    Tennessee
    Longitude
    -87.3198
    Latitude
    35.27248

    Comparable in this City

    • $399,900
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      Lawrenceburg Mixed-Use Investment

      7,360 sq ft, 0.44 acres, high traffic
      1213 Gaines St, Lawrenceburg, TN 38464
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    • $350,000
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      Turnpike Road Mixed-Use Property

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    • $55,000
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      Versatile Commercial Building in Town

      Mixed-use potential in central location, currently used for storage.
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    • $95,000

      Lawrenceburg Commercial Land For Sale

      Commercial land in Lawrenceburg, TN, with C3 zoning.
      574 East Gaines St, Lawrenceburg, TN 38464
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      Commercial Land in Lawrenceburg, TN

      Commercial land with C3 zoning in a busy area.
      574 E Gaines St, Lawrenceburg, TN 38464
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    • $640,000
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      Prime Lawrenceburg Commercial Quadplex

      Four buildings, 14,000 sq ft, high ROI
      1409 Buffalo Rd, Lawrenceburg, TN 38464
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    Similar Nearby for Sale

    • $399,900
      7,360 SF

      Lawrenceburg Mixed-Use Investment

      7,360 sq ft, 0.44 acres, high traffic
      1213 Gaines St, Lawrenceburg, TN 38464
      View Details
    • $350,000
      4,000 SF

      Turnpike Road Mixed-Use Property

      Large Shop & Apartment, Great Location
      519 Tpke Rd, Lawrenceburg, TN 38464
      View Details
    • $55,000
      1,147 SF

      Versatile Commercial Building in Town

      Mixed-use potential in central location, currently used for storage.
      428 Crockett St, Lawrenceburg, TN 38464
      View Details
    • $95,000

      Lawrenceburg Commercial Land For Sale

      Commercial land in Lawrenceburg, TN, with C3 zoning.
      574 East Gaines St, Lawrenceburg, TN 38464
      View Details
    • Contact for pricing

      Commercial Land in Lawrenceburg, TN

      Commercial land with C3 zoning in a busy area.
      574 E Gaines St, Lawrenceburg, TN 38464
      View Details
    • $399,000
      8.27 Acres

      Prime Lawrenceburg Land Investment

      8.27 Acres, Commercial/Residential Potential
      Prosser Rd, Lawrenceburg, TN 38464
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    Similar Nearby for Lease

    • $2,500 /Mo
      Pending

      Lawrenceburg Retail Space For Rent

      Retail storefront available for lease in Lawrenceburg, Tennessee.
      399 W Gaines St, Lawrenceburg, TN 38464
      View Details
    • Contact for pricing
      2,830 SF

      Retail Space in Lawrenceburg, TN

      Retail space available in a busy shopping center.
      2008 N Locust Ave, Lawrenceburg, TN 38464
      View Details
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    Lawrenceburg, TN 38464
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    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
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