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    Property profile & analytics

    3004 Andrew Johnson Hwy Morristown, TN 37814

    • Medical offices
    • 16,536 SF
    • 2.56 lot acres
    For Lease
    View listing
    $13 SF/Yr
    Value Estimation
    $1,765,000
    Last Sale
    Jul 10, 2023
    $1,675,000
    Location Intelligence
    Property ID
    US80-1818630
    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

    • ImmunoTek Plasma / Blood Donation Center

    Property Details for 3004 Andrew Johnson Hwy

    Year built
    1968
    Construction
    WOOD
    Lot size
    2.56 lot acres
    Property size
    16,536 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    032041A A 06301
    APU
    032041AA06301

    Description

    This exceptional retail property, located at 3004 W Andrew Johnson Highway in Morristown, Tennessee, offers 15,354 square feet of total building space. Currently, there is 4,666 square feet of vacant space available for lease, perfect for a variety of retail businesses. The property is situated in Hamblen County, zip code 37814, and benefits from high visibility and accessibility due to its location on W Andrew Johnson Highway. The building is classified as multi-tenant, presenting an opportunity for expansion or collaboration with existing tenants. The available space provides ample room for a substantial retail operation, offering significant potential for growth and profitability. This prime location in Morristown offers easy access to a thriving community and strong consumer base. The property's size and layout are ideal for businesses seeking a prominent presence in a busy commercial area. Interested parties are encouraged to inquire about lease terms and conditions to explore this exciting opportunity. The property is categorized as retail commercial space. The address is 3004 W Andrew Johnson Hwy, Morristown, TN 37814.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,875,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,565,000
      6.5%
      $1,620,000
      7%
      $1,650,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,685,000
      Geo Method
      $1,450,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,755,000
      Retail
      $1,825,000
      Mixed-Use
      $1,560,000
      Hospitality
      $1,825,000
      Educational
      $1,765,000
      Residential Income
      $1,560,000
      Energy
      $1,550,000
      Income-Based Land
      $1,555,000
      Food Service
      $2,025,000

    Location Insight

    • Map
    • Local Demand
    City
    Morristown
    County
    Hamblen
    State
    Tennessee
    Longitude
    -83.3365
    Latitude
    36.2012
    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
    $266,360
    $502,880
    $769,240
    -
    $665,900
    $1,257,200
    $1,923,100

    Comparable in this City

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      923 4th N St

      MEDICAL BUILDING • 2,605 SF
      923 4th N St, Morristown, TN 37814-3814
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      5,130 SF

      854 7th N St

      MEDICAL BUILDING • 5,130 SF
      854 7th N St, Morristown, TN 37814-3850
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    • Value Estimation by Request
      1,785 SF

      3411 Andrew Johnson Hwy

      MEDICAL BUILDING • 1,785 SF
      3411 Andrew Johnson Hwy, Morristown, TN 37814-5671
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    • Value Estimation by Request
      2,400 SF

      5791 Andrew Johnson Hwy

      MEDICAL BUILDING • 2,400 SF
      5791 Andrew Johnson Hwy, Morristown, TN 37814-1032
      View Details
    • Value Estimation by Request
      2,915 SF

      2771 Andrew Johnson Hwy

      MEDICAL BUILDING • 2,915 SF
      2771 Andrew Johnson Hwy, Morristown, TN 37814-3215
      View Details

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    Similar Nearby for Lease

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      Office/Retail Space For Lease

      2,800 sq ft space ideal for medical, retail, or office.
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      Morristown Office Space For Lease

      Office space for lease suitable for professional, medical, or business.
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      Morristown Office Space For Lease

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    • Contact for pricing

      Land Available Near Ingles Market

      Land for rent near Ingles Market with ample parking.
      2114 E Andrew Johnson Hwy, Morristown, TN 37814
      View Details
    • $14 SF/Yr
      2,300 SF

      Mixed-Use Shopping Center For Rent

      Mixed-use shopping center on high-traffic highway with ample parking.
      5251 W Andrew Johnson Hwy, Morristown, TN 37814
      View Details
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    Morristown, TN 37814
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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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