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    Property profile & analytics

    2816 Highway 43 Leoma, TN 38468

    • Retail space
    • 2,640 SF
    • 1.99 lot acres
    For Sale
    View listing
    $249,000
    Value Estimation
    Last Sale
    Aug 23, 2023
    $140,000
    Location Intelligence
    Property ID
    US80-1651899
    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

    • Retail space

    Property Details for 2816 Highway 43

    Year built
    1960
    Lot size
    1.99 lot acres
    Property size
    2,640 SF
    Property type
    Retail space
    APN
    050124 05800
    APU
    5012405800

    Description

    This exceptional mixed-use property, located at 2816 Highway 43 S in Leoma, Tennessee, presents a compelling investment opportunity. The building boasts 2,400 square feet of space, situated on a 1.02-acre lot, offering significant versatility for a range of business ventures. Its prime location benefits from high visibility and traffic flow due to its road frontage on both Highway 43 and Lambs Ferry Road, ensuring excellent exposure for any business. The building's structure is solid, further enhanced by a recently installed roof, providing peace of mind for potential owners. The substantial lot size allows for ample parking and potential for future expansion or outdoor uses, depending on the intended business model. This property is ideally suited for entrepreneurs seeking a well-positioned space with significant growth potential in a thriving area. The combination of size, location, and recent improvements makes this a truly attractive proposition for those seeking a strong return on investment. Serious inquiries are encouraged to explore the possibilities this unique property offers. The asking price is $249,000.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $125,000

    • CAP approach

      CAP return
      Estimation
      6%
      $140,000
      6.5%
      $145,000
      7%
      $135,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $140,000
      Geo Method
      $130,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $165,000
      Retail
      $135,000
      Mixed-Use
      $120,000
      Hospitality
      $145,000
      Educational
      $135,000
      Residential Income
      $145,000
      Energy
      $145,000
      Income-Based Land
      $150,000
      Food Service
      $160,000

    Location Insight

    • Map
    • Local Demand
    City
    Leoma
    County
    Lawrence
    State
    Tennessee
    Longitude
    -87.3754
    Latitude
    35.1351
    CBSA code
    29980
    CBSA name
    LAWRENCEBURG, 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
    2023
    $348
    $9,000
    $8,320
    $17,320
    -
    $22,500
    $20,800
    $43,300

    Comparable in this City

    • Value Estimation by Request
      1,500 SF

      2360 Hwy 43rd S

      RETAIL STORES (PERSONAL SERVICES) • 1,500 SF
      2360 Hwy 43rd S, Leoma, TN 38468-5223
      View Details
    • Value Estimation
      $235,000
      2,400 SF

      2745 Hwy 43rd S

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      2745 Hwy 43rd S, Leoma, TN 38468-5377
      View Details
    • Value Estimation by Request
      1,826 SF

      2584 Hwy 43rd S

      RETAIL STORES (PERSONAL SERVICES) • 1,826 SF
      2584 Hwy 43rd S, Leoma, TN 38468-5075
      View Details
    • Value Estimation by Request
      2,236 SF

      38 Rabbit Trl Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,236 SF
      38 Rabbit Trl Rd, Leoma, TN 38468-3713
      View Details
    • Value Estimation by Request
      1,776 SF

      2540 Hwy 43rd S

      RETAIL STORES (PERSONAL SERVICES) • 1,776 SF
      2540 Hwy 43rd S, Leoma, TN 38468-5314
      View Details
    • Value Estimation by Request
      1,400 SF

      2335 Hwy 43rd S

      RETAIL STORES (PERSONAL SERVICES) • 1,400 SF
      2335 Hwy 43rd S, Leoma, TN 38468-5208
      View Details

    Similar Nearby for Sale

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      2,400 SF

      Leoma Mixed-Use Building - Highway 43

      High-traffic location, versatile building, great potential.
      2816 Highway 43, Leoma, TN 38468
      View Details
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    2816 Highway 43
    Leoma, TN 38468
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    Realmo Value Estimation

    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.

    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.

    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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