Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    246 Broadway Blvd Jefferson City, TN 37760-2809

    • Auto shops
    • 10,261 SF
    • 1.84 lot acres
    OFF-MARKET
    Last Sale
    Jan 14, 2021
    Value Estimations
    $655,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1407452
    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

    • Farris Motor Company / Car Dealer / Auto Repair Shop
    • Farris Motor Company Jeep / Jeep Dealer / Car Dealer
    • Farris Motor Company - RAM / Car Dealer

    Property Details for 246 Broadway Blvd

    Year built
    1977
    Construction
    FRAME
    Lot size
    1.84 lot acres
    Property size
    10,261 SF
    Zone code
    R-1
    Property type
    Auto shops
    APN
    024H A 02100
    APU
    024HA02100

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $825,000
      Current use
      RESTAURANT
      $1,070,000
      Change: +30% Conversion: Difficult
      RETAIL STORES
      $680,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Jefferson City
    County
    Jefferson
    State
    Tennessee
    Longitude
    -83.4841
    Latitude
    36.1182
    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
    $199,320
    $172,360
    $371,680
    -
    $498,300
    $430,900
    $929,200

    Comparable in this City

    • Value Estimation by Request
      4,352 SF

      1902 Branner Ave

      AUTO REPAIR, GARAGE • 4,352 SF
      1902 Branner Ave, Jefferson City, TN 37760-1715
      View Details
    • Value Estimation by Request
      7,100 SF

      925 Hwy 92

      AUTO REPAIR, GARAGE • 7,100 SF
      925 Hwy 92, Jefferson City, TN 37760-3651
      View Details
    • Value Estimation by Request
      1,400 SF

      931 Hwy 92

      AUTO REPAIR, GARAGE • 1,400 SF
      931 Hwy 92, Jefferson City, TN 37760-3651
      View Details
    • Value Estimation by Request
      1,421 SF

      Fate Rankin Rd

      AUTO REPAIR, GARAGE • 1,421 SF
      Fate Rankin Rd, Jefferson City, TN 37760
      View Details
    • Value Estimation by Request
      1,901 SF

      122 Old Andrew Johnson Hwy

      AUTO REPAIR, GARAGE • 1,901 SF
      122 Old Andrew Johnson Hwy, Jefferson City, TN 37760-1735
      View Details
    • Value Estimation by Request
      2,240 SF

      715 Cherokee Dr

      AUTO REPAIR, GARAGE • 2,240 SF
      715 Cherokee Dr, Jefferson City, TN 37760-1614
      View Details

    Similar Nearby for Sale

    • $599,900

      Jefferson City Parking Garage Investment

      High-traffic location, excellent lease potential.
      127 Broadway Blvd, Jefferson City, TN 37760
      View Details
    • $1,560,000
      10,960 SF

      Freestanding Retail Building on Broadway

      Single-story retail building on 1.86 acres for sale.
      839 E Broadway Blvd, Jefferson City, TN 37760
      View Details
    • Contact for pricing
      12,015 SF

      New Office/Retail Space Available

      New construction office/retail space in Jefferson City, Tennessee.
      661 E Broadway Blvd, Jefferson City, TN 37760
      View Details
    • $4,620,000
      41,290 SF

      Retail and Self-Storage Investment Opportunity

      Diversified income property with development potential in Jefferson City, TN.
      829 E Broadway Blvd, Jefferson City, TN 37760
      View Details
    • New
      $1,396,000
      5.60 Acres

      Commercially Zoned Property on 5.6 Acres

      Commercially zoned property with road frontage on highly traveled road.
      803 E Broadway Blvd, Jefferson City, TN 37760
      View Details
    • $850,000
      0.69 Acres

      Jefferson City Retail Pad - $850K

      Prime .69-acre retail redevelopment site
      500 Broadway Blvd, Jefferson City, TN 37760
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      1,000 SF

      Jefferson City Commercial Suites Available

      Prime commercial spaces with drive-thru and medical office options.
      657 E Broadway Blvd, Jefferson City, TN 37760
      View Details
    • $12 SF/Yr
      82,600 SF

      College Square Retail Space Available

      Jefferson City, TN Shopping Center Space
      250 Broadway Blvd, Jefferson City, TN 37760
      View Details
    • $12 SF/Yr
      975 SF

      Retail Space Near Carson-Newman University

      Retail space with high visibility and accessibility near local amenities.
      256 E Broadway Blvd, Jefferson City, TN 37760
      View Details
    • $16 SF/Yr
      12,015 SF

      Jefferson City Medical Office Space

      Prime Medical Office, Ample Parking, 2800 SF Available
      657 Broadway Blvd, Jefferson City, TN 37760
      View Details
    • $35 SF/Yr
      3,100 SF

      Retail Space in Jefferson City

      Prime retail space available in Jefferson City's newest development.
      305 E Broadway Blvd, Jefferson City, TN 37760
      View Details
    • $18 SF/Yr
      1,461 SF

      Jefferson City Office Suite For Lease

      Versatile 1,461 SF office suite in high-traffic Jefferson City, TN.
      1338 Russell Ave, Jefferson City, TN 37760
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    246 Broadway Blvd
    Jefferson City, TN 37760-2809
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.