Technical
Financial
Distress signals
Property profile

231 Fairmont Ave Morristown, TN 37813

OFF-MARKET
Medical Office Space
Property ID
US80-0298560
5,376 SF 0.58 ac lot Built 1964
Individually Owned 4-yr Hold Free & Clear
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1964
Construction WOOD
Total area 5,376 SF
Lot 0.58 ac (25,265 SF)
APN 032041D A 00700
UPID US80-0298560

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
  • Physician
  • Medical Clinic
  • Physician

Location

231 Fairmont Ave Morristown, TN 37813-2036
Morristown metro Census 100300 MORRISTOWN, TN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$365k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2021
Last sale
$290,000
5 recorded transactions
2021
$290,000
2012
$4,000
1994
$125,000
1969
Price N/A
1969
Price N/A

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
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