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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    224 Main St Clinton, TN 37716-3686

    • Auto shops
    • 37,659 SF
    • 3.00 lot acres
    OFF-MARKET
    Value Estimations
    $2,005,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0106378
    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

    • Forrester & Goodge an Association of Attorneys and Mediators / Family Law Attorney / Personal Injury Attorney
    • Rusty Wallace Chevrolet / Chevrolet Dealer
    • Chevrolet Parts Center / Auto Body Parts Supplier / Auto Parts Manufacturer
    • Chevrolet Service Center / Auto Repair Shop / Car Inspection Station
    • H. Daniel Forrester, III / Attorney

    Property Details for 224 Main St

    Year built
    1986
    Construction
    FRAME
    Lot size
    3.00 lot acres
    Property size
    37,659 SF
    Property type
    Auto shops
    APN
    001074J E 01500
    APU
    001074JE01500

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $3,235,000
      Current use
      RETAIL STORES
      $3,320,000
      Change: +3% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $3,140,000
      Change: -3% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Clinton
    County
    Anderson
    State
    Tennessee
    Longitude
    -84.1344
    Latitude
    36.0971
    CBSA code
    28940
    CBSA name
    KNOXVILLE, 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
    $384,000
    $589,840
    $973,840
    -
    $960,000
    $1,474,600
    $2,434,600

    Comparable in this City

    • Value Estimation by Request
      15,864 SF

      749 Main St

      AUTO REPAIR, GARAGE • 15,864 SF
      749 Main St, Clinton, TN 37716-2100
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    • Value Estimation by Request
      832 SF

      State Hwy 61

      AUTO REPAIR, GARAGE • 832 SF
      State Hwy 61, Clinton, TN 37716
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    • Value Estimation by Request
      5,000 SF

      Modine Rd

      AUTO REPAIR, GARAGE • 5,000 SF
      Modine Rd, Clinton, TN 37716
      View Details
    • Value Estimation by Request
      2,570 SF

      816 Clinch Ave

      AUTO REPAIR, GARAGE • 2,570 SF
      816 Clinch Ave, Clinton, TN 37716-4231
      View Details
    • Value Estimation by Request
      1,728 SF

      161 Laurel Holw Rd

      AUTO REPAIR, GARAGE • 1,728 SF
      161 Laurel Holw Rd, Clinton, TN 37716-5839
      View Details
    • Value Estimation by Request
      1,893 SF

      112 Portwood Rd

      AUTO REPAIR, GARAGE • 1,893 SF
      112 Portwood Rd, Clinton, TN 37716-4303
      View Details

    Similar Nearby for Sale

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      Retail Property with Parking Spaces

      Retail property featuring 98 parking spaces in high-traffic area.
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      Highway Frontage Retail Opportunity

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      Retail or office space with high visibility and accessibility.
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    • $79,000
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      Clinton, TN Wooded Land Parcel

      Wooded land parcel in Clinton, TN, ideal for basement build.
      118 Pleasant Vw Loop Rd, Clinton, TN 37716
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    • $99,000
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      Clinton, TN Wooded Land Parcel

      Wooded lot in Clinton, perc tested and approved for building.
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    Similar Nearby for Lease

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    • $15 SF/Yr
      900 SF

      Retail Space in Centre Plaza

      Grocery-anchored retail space for lease in Clinton, Tennessee.
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    • $699,000
      2,539 SF

      Retail Space with Highway Frontage

      Shopping center with high visibility on Highway 61.
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    • Contact for pricing
      66,278 SF

      Prime Clinton Industrial Space

      66,278 SF Warehouse, I-75 Access
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    • $21 SF/Yr
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      Move-in Ready Medical Office Spaces

      Two medical office spaces available for lease.
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    • $2,200,000
      3,274 SF

      Office Space Near I-75

      Office space suitable for medical or general use for rent.
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      View Details
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    224 Main St
    Clinton, TN 37716-3686
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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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