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Property profile & analytics
OFF-MARKET
Estimated value
$1,175,000
Commercial real estate
220 2nd Ave Jonesborough, TN 37659-1104
Individually Owned
Free & Clear
Property ID
US80-0814170
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1999
Construction
FRAME
Total area
10,356 SF
Lot
2.52 ac (109,771 SF)
Zoning code
B-6
APN
060A D 02100
UPID
US80-0814170
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
-
Glow Tanning Salon Tanning Salon
-
My Dream Fit L.L.C. Gym & Fitness Center
-
Jonesborough Office Government Office
-
Big Andrew K Training Gym & Fitness Center
-
Victory Fit LLC Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.12M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.55M
Blend (final)
Blend
$1.18M
Owner & transaction history
Jesse Lee Wilcox
Jesse Lee Wilcox
since 2026
Last sale
$950,000
5 recorded transactions
Zoning & alternative use
B-6 · Jonesborough, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.4M
+21.2%
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 Jonesborough submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jonesborough 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
Method
Estimation
Statistic approach
$1,195,000
ML approach
$1,115,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,115,000
Current use
AUTO REPAIR, GARAGE
$1,355,000
Change: +21% · Conversion: Difficult
RETAIL STORES
$985,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$1.18M
Range $1.06M – $1.29M · ±10% · vs last sale $950k (Feb 12 2026)
Last sale anchor
$950k
Feb 12 2026
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$113 / SF
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
$381,880
Assessed 2023
Previous assessed
$381,880
+0.0% YoY
Assessed land
$270,240
Assessed improvement
$111,640
Land market value
$675,600
Improvement market value
$279,100
Total market value
$954,700
Applied tax rate
90.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1999
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Units
1
Rooms
1
Bathrooms
1
Total area
10,356 SF
Lot
2.52 ac (109,771 SF)
Zoning code
B-6
APN
060A D 02100
UPID
US80-0814170
Jurisdiction
WASHINGTON
Zoning & alternative use
B-6 · Jonesborough, TN
Zoning B-6 · permitted uses
B-6 · Jonesborough, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jonesborough. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.4M
RETAIL STORES
Est. value
$985,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
1
Bathrooms
1
Lot
2.52 ac
Current owner
From public records · entity-resolved
Jesse Lee Wilcox
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 187, LIMESTONE, TN 37681-0187
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2026
$950,000
Jesse Lee Wilcox
Sam B Kite JR
Warranty Deed
—
Dec 22, 2021
$950,000
Sam B Kite JR
Franklin D Sell
Warranty Deed
—
Jun 22, 2018
—
Franklin D Sell
Board Of Mayor & Franklin D Se
Quit Claim Deed
related
—
Sep 25, 2017
—
Franklin D Sell
Franklin Sell Family LP
Quit Claim Deed
related
—
Jan 1, 1995
$160,000
Natl Storytelling Assoc
—
Deed Of Trust
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.
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