Property profile

21980 Rhea County Hwy Spring City, TN 37381

OFF-MARKET
Auto shops
Property ID
US80-1103097
1,188 SF 0.48 ac lot Built 1953
Individually Owned 3-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

The property is a commercial building in Spring City, Tennessee, set on a 0.48-acre lot and containing 1,188 square feet of space. It is configured as office space and includes a two-bay garage with a functional vehicle lift and associated equipment such as a grease gun and hoses. The exterior roof is a tin roof that was sealed and replaced in 2025. The office area is heated by natural gas and cooled by a mini-split system installed in 2024, and natural gas heating extends to the two external restrooms. Fiber internet service is installed. The building has undergone multiple updates while retaining original character features, and the site is improved with ample on-site parking. The overall configuration supports multiple use possibilities, including automotive-related uses such as a mechanic garage or related operation, and food-service concepts such as a small restaurant or retail food stand, subject to applicable approvals and code requirements.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1953
Total area 1,188 SF
Lot 0.48 ac (20,909 SF)
APN 031P C 00800
UPID US80-1103097

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Construction Company

Location

21980 Rhea County Hwy Spring City, TN 37381-5243
Spring City metro Census 975100 DAYTON, TN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$150k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$170k

Owner & transaction history

since 2023
Last sale
$200,000
1 recorded transaction
2023
$200,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 21980 Rhea County Hwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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