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    Property profile & analytics

    296 Boyd School Rd Morristown, TN 37813-1452

    • Office Properties & Spaces
    • 7,356 SF
    • 1.34 lot acres
    OFF-MARKET
    Value Estimation
    $190,000
    Last Sale
    May 02, 2022
    $175,000
    Location Intelligence
    Property ID
    US80-3403747
    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

    • Carlyle Property Management / Apartment Rental Agency
    • Carlyle Construction LLC / Home Builder

    Property Details for 296 Boyd School Rd

    Year built
    2015
    Construction
    WOOD
    Lot size
    1.34 lot acres
    Property size
    7,356 SF
    Property type
    Office Properties & Spaces
    APN
    032034D C 00500
    APU
    032034DC00500

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $210,000

    • CAP approach

      CAP return
      Estimation
      6%
      $185,000
      6.5%
      $185,000
      7%
      $200,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $185,000
      Geo Method
      $170,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $155,000
      Retail
      $160,000
      Mixed-Use
      $200,000
      Hospitality
      $200,000
      Educational
      $155,000
      Residential Income
      $175,000
      Energy
      $185,000
      Income-Based Land
      $160,000
      Food Service
      $190,000

    Location Insight

    • Map
    • Local Demand
    City
    Morristown
    County
    Hamblen
    State
    Tennessee
    Longitude
    -83.2512
    Latitude
    36.2262
    CBSA code
    34100
    CBSA name
    MORRISTOWN, 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
    $79,880
    $158,880
    $238,760
    -
    $199,700
    $397,200
    $596,900

    Comparable in this City

    • Value Estimation by Request
      3,692 SF

      305 Calvary Dr

      OFFICE (GENERAL) • 3,692 SF
      305 Calvary Dr, Morristown, TN 37813-2149
      View Details
    • Value Estimation by Request
      4,410 SF

      555 Cumberland St

      OFFICE (GENERAL) • 4,410 SF
      555 Cumberland St, Morristown, TN 37813-2384
      View Details
    • Value Estimation by Request
      21,680 SF

      201 Morris Blvd

      Office Properties & Spaces • 21,680 SF
      201 Morris Blvd, Morristown, TN 37813
      View Details
    • Value Estimation by Request
      6,407 SF

      3720 Morris Blvd

      OFFICE (GENERAL) • 6,407 SF
      3720 Morris Blvd, Morristown, TN 37813-1270
      View Details
    • Value Estimation by Request
      1,377 SF

      322 Hillcrest Dr

      OFFICE (GENERAL) • 1,377 SF
      322 Hillcrest Dr, Morristown, TN 37813-1837
      View Details
    • Value Estimation
      $480,000
      6,724 SF

      4901 Enka Hwy

      OFFICE (GENERAL) • 6,724 SF
      4901 Enka Hwy, Morristown, TN 37813-5104
      View Details

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    Similar Nearby for Lease

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      Morristown Acreage Near I-81

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    • $3 SF/Yr
      50,000 SF

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      50000 square foot warehouse space for lease.
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      View Details
    • Contact for pricing
      107,122 SF

      Crockett Square Retail Center

      Morristown, TN Retail Space Available
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      View Details
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    296 Boyd School Rd
    Morristown, TN 37813-1452
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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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