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

    2716 Central Ave Humboldt, TN 38343-1560

    • Commercial real estate
    • 199,791 SF
    • 36.95 lot acres
    OFF-MARKET
    Value Estimations
    $24,140,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0733030
    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

    • Walmart Photo Center / Photo Shop / Digital Printer
    • Dr. Bethany Mayo, OD / Optometrist
    • Kimmer Eye Care / Eye Care Center
    • Redbox / Movie Rental Kiosk / Dvd Store
    • Walmart Deli / Deli

    Property Details for 2716 Central Ave

    Year built
    2006
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    36.95 lot acres
    Property size
    199,791 SF
    Property type
    Commercial real estate
    APN
    165 02501
    APU
    16502501

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $25,561,000
      Market price range: $6.41M - $51.9M
      AI Estimate
      $22,717,000
      Market price range: $8.66M - $33.2M

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

    Location Insight

    • Map
    • Local Demand
    City
    Humboldt
    County
    Gibson
    State
    Tennessee
    Longitude
    -88.9122
    Latitude
    35.8408
    CBSA code
    27180
    CBSA name
    JACKSON, 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
    $528,320
    $2,112,360
    $2,640,680
    -
    $1,320,800
    $5,280,900
    $6,601,700

    Comparable in this City

    • Value Estimation by Request

      308 Highway 45 Byp

      Land
      308 Highway 45 Byp, Humboldt, TN 38343
      View Details
    • Value Estimation by Request
      1.00 Acre

      2800 Central Ave

      Lifestyle centers • 1.00 Acre
      2800 Central Ave, Humboldt, TN 38343
      View Details
    • Value Estimation by Request

      00 Highway 45 Byp

      Multifamily properties
      00 Highway 45 Byp, Humboldt, TN 38343
      View Details
    • Value Estimation by Request
      0.16 Acres

      1630 Mcknight St

      COMMERCIAL (GENERAL) • 0.16 Acres
      1630 Mcknight St, Humboldt, TN 38343
      View Details
    • Value Estimation by Request
      3.00 Acres

      3605 Mitchell St

      COMMERCIAL (GENERAL) • 3.00 Acres
      3605 Mitchell St, Humboldt, TN 38343-6475
      View Details
    • Value Estimation by Request

      1681 Stallings Rd

      COMMERCIAL (GENERAL)
      1681 Stallings Rd, Humboldt, TN 38343-1609
      View Details

    Similar Nearby for Sale

    • $5,000,000

      Humboldt, TN Development Land

      52+ Acres, Highway 45 Frontage
      00 Highway 45 Byp, Humboldt, TN 38343
      View Details
    • $325,000
      3,399 SF

      Humboldt Executive Office Building

      Prime Location, 3399 sq ft, $325k
      316 22Nd Ave, Humboldt, TN 38343
      View Details
    • $120,000

      Humboldt TN Industrial Land for Sale

      87,120 SF Vacant Commercial Lot
      00-lot Mullins Ave, Humboldt, TN 38343
      View Details
    • $985,000

      Prime Commercial Land Humboldt, TN

      1.7 Acres, Highway 45 Bypass, $985,000
      308 Highway 45 Byp, Humboldt, TN 38343
      View Details
    • $325,000

      Humboldt TN Land Investment Opportunity

      14.6 Acres, Prime Location, Development Potential
      0 Viking Dr, Humboldt, TN 38343
      View Details
    • Contact for pricing
      1.00 Acre

      Humboldt Development Land Opportunity

      Prime TN location, flexible uses, ample acreage.
      2800 Central Ave, Humboldt, TN 38343
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,000 SF

      Humboldt Village Commons Retail Space

      Prime Retail Space, Humboldt, TN
      2841 Central Ave, Humboldt, TN 38343
      View Details
    • $10 SF/Yr
      9,465 SF

      Humboldt Flex Warehouse - For Lease/Sale

      9,465 SF Flex Space, 20 Docks, 7.15 Acres
      3545 Mitchell St, Humboldt, TN 38343
      View Details
    • Contact for pricing
      9,692 SF

      Humboldt, TN Retail Space For Sale

      9,692 SF Freestanding Retail Building
      2214 Osborne St, Humboldt, TN 38343
      View Details
    • Contact for pricing
      2,303 SF

      Humboldt, TN Restaurant Space For Lease

      Former Hardee's - Prime Retail Location
      2590 Central Ave, Humboldt, TN 38343
      View Details
    • $3 SF/Yr
      117,847 SF

      Humboldt Commons Retail Center

      Prime Humboldt Retail Space Available
      2200 Central Ave, Humboldt, TN 38343
      View Details
    • $4,500 /Mo
      3,000 SF

      Versatile Commercial Unit in Humboldt

      3,000 sq ft commercial unit ready for your business.
      2213 E Main St, Humboldt, TN 38343
      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.
    2716 Central Ave
    Humboldt, TN 38343-1560
    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.