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    Property profile & analytics

    2634 Hwy 107 Chuckey, TN 37641-2430

    • Auto shops
    • 5,808 SF
    • 1.00 lot acres
    OFF-MARKET
    Last Sale
    Mar 12, 2024
    $250,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-2568670
    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

    • Auto shops

    Property Details for 2634 Hwy 107

    Year built
    1972
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.00 lot acres
    Property size
    5,808 SF
    Zone code
    B3
    Property type
    Auto shops
    APN
    100 04201
    APU
    10004201

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Chuckey
    County
    Washington
    State
    Tennessee
    Longitude
    -82.5984
    Latitude
    36.1522
    CBSA code
    27740
    CBSA name
    JOHNSON CITY, 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
    $9,600
    $62,560
    $72,160
    -
    $24,000
    $156,400
    $180,400

    Comparable in this City

    • Value Estimation by Request
      2,680 SF

      Andrew Johnson Hwy

      AUTO REPAIR, GARAGE • 2,680 SF
      Andrew Johnson Hwy, Chuckey, TN 37641
      View Details
    • Value Estimation by Request
      2,640 SF

      1040 Quaker Knob Rd

      AUTO REPAIR, GARAGE • 2,640 SF
      1040 Quaker Knob Rd, Chuckey, TN 37641-4850
      View Details
    • Value Estimation by Request
      4,128 SF

      250 Stockton Rd

      AUTO REPAIR, GARAGE • 4,128 SF
      250 Stockton Rd, Chuckey, TN 37641-5901
      View Details
    • Value Estimation by Request
      4,360 SF

      180 Williamson Vly Rd

      AUTO REPAIR, GARAGE • 4,360 SF
      180 Williamson Vly Rd, Chuckey, TN 37641-7405
      View Details
    • Value Estimation
      $975,000
      14,108 SF

      8774 Andrew Johnson Hwy

      AUTO REPAIR, GARAGE • 14,108 SF
      8774 Andrew Johnson Hwy, Chuckey, TN 37641-5214
      View Details
    • Value Estimation by Request
      1,760 SF

      7760 Erwin Hwy

      AUTO REPAIR, GARAGE • 1,760 SF
      7760 Erwin Hwy, Chuckey, TN 37641-6357
      View Details

    Similar Nearby for Sale

    • $379,000
      3,732 SF

      Restaurant and Residential Space Available

      Commercial and residential property with restaurant and living space.
      8310 E Andrew Johnson Hwy, Chuckey, TN 37641
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    • Contact for pricing
      0.51 Acres

      Cleared Lot with Mountain Views

      0.51-acre lot in Chuckey, TN, ideal for building.
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    • $163,000
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      7.82 Acres in Chuckey, TN

      7.82-acre property offers endless possibilities for building, homesteading, or farming.
      13720 Kingsport Hwy, Chuckey, TN 37641
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    • $11,900,000
      530.00 Acres

      530 Acres of Farmland in Chuckey

      Productive farmland with river frontage, ideal for farming or development.
      Chuckey Pike, Chuckey, TN 37641
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    • $39,900
      0.74 Acres

      Residential Land in Blue Ridge

      Building lot with mountain views in established subdivision.
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      One acre lot near Graysburg Hills Golf Course.
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      View Details
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    2634 Hwy 107
    Chuckey, TN 37641-2430
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    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
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