Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2488 Us Hwy 70th E Brownsville, TN 38012-8402
    Back to Search
    Property profile & analytics

    2488 Us Hwy 70th E, Brownsville, TN 38012-8402

    View on Map
    • Office Spaces
    • 945 SF
    • 1.00 lot acres
    Off-Market
    Property ID
    US80-0969590
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 2488 Us Hwy 70th E

    Year built
    1977
    Lot size
    1.00 lot acres
    Zone code
    FR
    Property type
    Office Spaces
    APN
    074 01100
    APU
    7401100

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 16, 2018 $1,026,665 Jody T Lea Ents LLC Tjr General Ptshp Warranty Deed —
    Dec 1, 2005 $1,735,000 Evergreen Svcs Of Brownsville LLC Brownsville Funeral Home INC Warranty Deed · related —
    Aug 13, 1993 $755,000 Funeral Home Brownsville Unknown Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Brownsville
    County
    Haywood
    State
    Tennessee
    Longitude
    -89.2185
    Latitude
    35.5915
    CBSA code
    15140
    CBSA name
    BROWNSVILLE, TN MICROPOLITAN 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
    $4,000
    $8,920
    $12,920
    -
    $10,000
    $22,300
    $32,300

    Comparable in this City

    • Value Estimation
      $525,000
      5,614 SF

      15 Lafayette Ave

      OFFICE (GENERAL)
      15 Lafayette Ave, Brownsville, TN 38012-2548
      View Details
    • Value Estimation by Request
      1,650 SF

      108 Main St

      OFFICE (GENERAL)
      108 Main St, Brownsville, TN 38012-2145
      View Details
    • Value Estimation by Request
      564 SF

      131 Main St

      OFFICE (GENERAL)
      131 Main St, Brownsville, TN 38012-2144
      View Details
    • Value Estimation by Request
      1,500 SF

      247 Whitten Ave

      OFFICE (GENERAL)
      247 Whitten Ave, Brownsville, TN 38012-3059
      View Details
    • Value Estimation by Request
      6,489 SF

      Hwy 76th By Pass Pass

      OFFICE (GENERAL)
      Hwy 76th By Pass Pass, Brownsville, TN 38012
      View Details
    • Value Estimation by Request
      3,197 SF

      29 Lafayette Ave

      OFFICE (GENERAL)
      29 Lafayette Ave, Brownsville, TN 38012-2548
      View Details

    Similar Nearby for Sale

    • $275,000
      5,861 SF

      Commercial Property in Brownsville, TN

      5,861 sqft commercial property with subdivision potential.
      1125 E College St, Brownsville, TN 38012
      View Details
    • Contact for pricing

      Medical/Dental Building Ready For Business

      Well-maintained commercial building featuring multiple rooms suitable for medical/dental practices.
      1203 E College St, Brownsville, TN 38012
      View Details
    • $484,000
      4,291 SF

      Medical/Dental Building in Brownsville, TN

      Well-maintained commercial building with operative rooms, ready for new business.
      1203 E College St, Brownsville, TN 38012
      View Details
    • Contact for pricing
      4,291 SF

      Medical/Dental Building For Sale

      Well-maintained commercial building with operative rooms, ready for business.
      1203 E College St, Brownsville, TN 38012
      View Details
    • Contact for pricing
      4,291 SF

      Medical/Dental Building For Sale

      Well-maintained commercial building with operative rooms, ready for new business.
      1203 E College St, Brownsville, TN 38012
      View Details
    • Contact for pricing
      304,780 SF

      Industrial Property on 29.4 Acres

      Industrial property with office space, dock doors, and parking.
      2000 Tamm St, Brownsville, TN 38012
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land for Rent

      Land available for rent at 411 E Main St.
      411 E Main St, Brownsville, TN 38012
      View Details
    • Contact for pricing

      Freestanding Restaurant Building Near I-40

      Restaurant building for sale or ground lease near I-40.
      2519 Anderson Ave, Brownsville, TN 38012
      View Details
    • Contact for pricing
      13,650 SF

      Retail Space Available for Sublease

      Retail space available for sublease, featuring 13,650 SF.
      1114 E Main St, Brownsville, TN 38012
      View Details
    • Contact for pricing

      Industrial Property in Brownsville, Tennessee

      Industrial property for rent in Haywood County, near Memphis.
      584 Morgan St, Brownsville, TN 38012
      View Details
    • Contact for pricing

      Freestanding Restaurant Building For Rent

      Freestanding restaurant building available for rent in Brownsville, Tennessee.
      2519 Anderson Ave, Brownsville, TN 38012
      View Details
    • Contact for pricing
      12,120 SF

      Prime Retail Space in Brownsville

      Exceptional leasing opportunity in a prominent, sought-after location.
      321-337 E Main St, Brownsville, TN 38012
      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.
    2488 Us Hwy 70th E
    Brownsville, TN 38012-8402
    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

    Thank You for Inquiry
    2488 Us Hwy 70th E, Brownsville, TN, 38012
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!