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Property profile & analytics
OFF-MARKET Estimated value $3,945,000
Retail properties & Spaces

2550 Morris Blvd Morristown, TN 37813-5827

96,158 SF 5.73 ac lot Built 1988
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US80-1454433
Property summary
AI-generated overview

College Square Mall presents a unique investment opportunity in East Tennessee. This dominant regional shopping center boasts a total of 466,171 square feet and is the only mall of its kind within a 55-mile radius of an eight-county area known for its thriving industrial and manufacturing sectors. Currently, the entire 466,171 square foot space is available for lease, offering significant potential for a variety of retail uses. The mall currently houses over 50 specialty stores, including well-known national brands such as American Eagle Outfitters, Bath & Body Works, and others. Food options include Longhorn Steakhouse and Olive Garden. A key draw for the mall is the 12-screen AMC College Square movie theater, the only cinema within a 25-mile radius, providing a significant foot traffic boost. Available spaces range from 1,100 to 5,471 square feet, offering flexibility for various retail concepts. This prime location, coupled with the lack of competing shopping centers, presents a rare opportunity for significant retail growth and market dominance. The property's size and tenant mix offer a strong foundation for a successful retail venture.

Property profile
Verified
Property type Retail properties & Spaces
Use group DEPARTMENT STORE
Year built 1988
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 96,158 SF
Lot 5.73 ac (249,599 SF)
APN 032034 01000 001
UPID US80-1454433
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
  • Great American Cookies (Bike/Boat/Book/etc) Store Bakery
  • Carousel Pets Inc (Bike/Boat/Book/etc) Store Pet Store
  • FYE (Bike/Boat/Book/etc) Store
  • AT&T Store Mobile Phone Store Electronics & Wireless Store
  • Benefit Cosmetics BrowBar Beauty Counter Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.67M
Blend (final) Blend
$3.95M
Owner & transaction history
College Square Owner LLC · 3 yrs held
College Square Owner LLC
since 2022
1 recorded transaction
2022
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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