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Property profile & analytics
OFF-MARKET
Retail space

253 Lindsay St Alcoa, TN 37701-2409

4,140 SF 0.21 ac lot Built 1977
Individually Owned 4-yr Hold ~ Est. High Equity
Property ID
US80-0058058
Property summary
AI-generated overview

This exceptional 1,900 square foot office space in Alcoa, Tennessee, is located on the second floor of a building at 253 Lindsay St, zip code 37701. Recently renovated in 2024, this traditional office space boasts five private offices, two restrooms, a full kitchen, and a laundry room. The complete renovation included new windows, flooring, fixtures, cabinets, and some plumbing and electrical upgrades, resulting in a highly efficient and modern workspace. A versatile area adjacent to the kitchen could easily serve as a conference room or waiting area. The property features E-3 zoning, allowing for a variety of uses. Parking is accessible from both the front and rear of the building, with the rear entrance offering easier access via minimal steps. Nearby businesses include a salon, law firm, plumber, and game store, creating a vibrant and professional environment. The monthly base rent is $3,000, plus a $300 CAM fee covering taxes and building insurance. Utilities are separately metered. Minor interior improvements are still underway. The building was constructed in 1977 and is a two-story Class C building without elevators. The property is a single-tenant space.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1977
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,140 SF
Lot 0.21 ac (9,148 SF)
Zoning code E-3
APN 005046M E 01900
UPID US80-0058058
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
  • Tropical Touch Massage Alternative Medicine Practice Spa & Massage Center
  • Eden A Full Services Salon Hair Salon Nail Salon
  • Beth Sanders Aesthetician Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Keith Edmonds · 4 yrs held
Keith Edmonds
since 2022
Last sale
$315,000
5 recorded transactions
2022
$315,000
2018
$205,000
2003
$179,000
2003
$113,500
1988
$159,900
Zoning & alternative use
E-3 · Alcoa, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

ffice 0-5 (PDF) 2.9 Interstate Commercial IC (PDF) 2.10 Blank for Future Use (PDF) 2.11 Planned Commercial Unit Development E-1 (PDF) 2.12 Planned Commercial Light Manufacturing Unit Development E-2 (PDF) 2.13 Mixed Use E-3 (PDF) 2.14 Light Industrial F (PDF) 2.15 Heavy Industrial G (PDF) 2.16 Open Space OS (PDF) 2.17 Buffer B1 (PDF) 2.18 Limited Restriction…

Zone name Mixed Use District
General category MIXED_USE
Zone area 159.13 ac
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