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Property profile & analytics
OFF-MARKET
Retail space
215 Broadway St Lenoir City, TN 37771-2911
Individually Owned
3-yr Hold
Free & Clear
Property ID
US80-2673792
Property summary
AI-generated overview
This exceptional retail storefront, located at 215 E Broadway St in Lenoir City, Tennessee, presents a unique investment opportunity. The property, encompassing approximately 15,000 square feet, is comprised of two parcels (APN: 020K H 022, 020K H 023), including a second-floor space within the main building. Built in 1913 and renovated in 1970, this prominent blue building enjoys a high-visibility location adjacent to the Lenoir City Post Office, offering significant street presence. The property is zoned C-2, providing flexibility for a variety of commercial uses. While the previous tenant, Lanham Furniture & Appliances, recently closed after 64 years, this blank canvas offers immense potential for redevelopment within Lenoir City's vibrant downtown district. The total square footage and lot size should be independently verified by the buyer
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1913
Total area
7,000 SF
Lot
0.08 ac (3,681 SF)
Zoning code
C-2
APN
053020K H 02300
UPID
US80-2673792
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
Current use
Occupant on record · Public records
-
Lanham Furniture & Appliances Furniture & Home Goods Home Decor Store
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
Joshua Lanham · 3 yrs held
Joshua Lanham
since 2022
2 recorded transactions
Zoning & alternative use
C-2 · Lenoir City, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lenoir City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lenoir City submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$74,040
Assessed 2023
Previous assessed
$74,040
+0.0% YoY
Assessed land
$8,600
Assessed improvement
$65,440
Land market value
$21,500
Improvement market value
$163,600
Total market value
$185,100
Applied tax rate
53.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1913
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Rooms
1
Bathrooms
1
Total area
7,000 SF
Lot
0.08 ac (3,681 SF)
Zoning code
C-2
APN
053020K H 02300
UPID
US80-2673792
Jurisdiction
LOUDON
Zoning & alternative use
C-2 · Lenoir City, TN
Zoning C-2 · permitted uses
C-2 · Lenoir City, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lenoir City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1913
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
1
Bathrooms
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
Joshua Lanham
Individual
Free & Clear · 3 yrs held
Mailing address
215 E BROADWAY ST, LENOIR CITY, TN 37771-2911
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2022
—
Joshua Lanham
Joshua Paul Lanham
Intrafamily Transfer
related
—
Dec 18, 2013
—
Michael G Lanham
Lanham,paul O & Dorothy D
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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