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    Property profile & analytics

    216 Allison St Morristown, TN 37814-4070

    • Office Properties & Spaces
    • 6,140 SF
    • 0.27 lot acres
    OFF-MARKET
    Value Estimation
    $505,000
    Last Sale
    Jun 17, 2022
    $469,000
    Location Intelligence
    Property ID
    US80-0294141
    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

    • Ramey’s Bookkeeping and Tax Services / Accountant
    • Sanders Business Systems / Computer Store

    Property Details for 216 Allison St

    Year built
    1974
    Construction
    WOOD
    Lot size
    0.27 lot acres
    Property size
    6,140 SF
    Property type
    Office Properties & Spaces
    APN
    032033M K 01800
    APU
    032033MK01800

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $565,000

    • CAP approach

      CAP return
      Estimation
      6%
      $425,000
      6.5%
      $495,000
      7%
      $490,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $415,000
      Geo Method
      $450,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $395,000
      Retail
      $520,000
      Mixed-Use
      $430,000
      Hospitality
      $470,000
      Educational
      $445,000
      Residential Income
      $475,000
      Energy
      $515,000
      Income-Based Land
      $390,000
      Food Service
      $450,000

    Location Insight

    • Map
    • Local Demand
    City
    Morristown
    County
    Hamblen
    State
    Tennessee
    Longitude
    -83.2972
    Latitude
    36.2128
    CBSA code
    34100
    CBSA name
    MORRISTOWN, 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
    $22,160
    $118,480
    $140,640
    -
    $55,400
    $296,200
    $351,600

    Comparable in this City

    • Value Estimation by Request
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      2423 Andrew Johnson Hwy

      OFFICE (GENERAL) • 3,247 SF
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    • Value Estimation by Request
      3,331 SF

      5783 Andrew Johnson Hwy

      OFFICE (GENERAL) • 3,331 SF
      5783 Andrew Johnson Hwy, Morristown, TN 37814-8207
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    • Value Estimation by Request
      576 SF

      5353 Old Hwy 11e

      OFFICE (GENERAL) • 576 SF
      5353 Old Hwy 11e, Morristown, TN 37814-1056
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    • Value Estimation by Request
      1,586 SF

      214 Jackson St

      OFFICE (GENERAL) • 1,586 SF
      214 Jackson St, Morristown, TN 37814-3909
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      2,558 SF

      503 Jackson St

      OFFICE (GENERAL) • 2,558 SF
      503 Jackson St, Morristown, TN 37814-3914
      View Details
    • Value Estimation by Request
      1,500 SF

      3060 Cherokee Park Rd

      OFFICE (GENERAL) • 1,500 SF
      3060 Cherokee Park Rd, Morristown, TN 37814-6305
      View Details

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    Similar Nearby for Lease

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    • Contact for pricing

      Land Available Near Ingles Market

      Land for rent near Ingles Market with ample parking.
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    • $14 SF/Yr
      2,300 SF

      Mixed-Use Shopping Center For Rent

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    216 Allison St
    Morristown, TN 37814-4070
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    Realmo Value Estimation

    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.

    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.

    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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