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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    307 Grv St Loudon, TN 37774-6637

    • Auto shops
    • 7,950 SF
    • 0.34 lot acres
    OFF-MARKET
    Last Sale
    Mar 03, 2021
    $230,000
    Value Estimations
    $205,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1145130
    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

    • The Cafe by LeeEllen / American Restaurant / Breakfast Restaurant

    Property Details for 307 Grv St

    Year built
    1944
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.34 lot acres
    Property size
    7,950 SF
    Zone code
    C-1
    Property type
    Auto shops
    APN
    053033O A 02300
    APU
    053033OA02300

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $205,000
      ML approach
      $255,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Loudon
    County
    Loudon
    State
    Tennessee
    Longitude
    -84.3369
    Latitude
    35.7432
    CBSA code
    28940
    CBSA name
    KNOXVILLE, 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
    $13,600
    $93,800
    $107,400
    -
    $34,000
    $234,500
    $268,500

    Comparable in this City

    • Value Estimation
      $470,000
      6,000 SF

      2455 Maremont Pkwy

      AUTO REPAIR, GARAGE • 6,000 SF
      2455 Maremont Pkwy, Loudon, TN 37774-1066
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    • Value Estimation
      $245,000
      2,400 SF

      1253rd Roberson Spgs Rd

      AUTO REPAIR, GARAGE • 2,400 SF
      1253rd Roberson Spgs Rd, Loudon, TN 37774-5703
      View Details
    • Value Estimation
      $305,000
      4,254 SF

      11665 Steekee Rd

      AUTO REPAIR, GARAGE • 4,254 SF
      11665 Steekee Rd, Loudon, TN 37774-4663
      View Details
    • Value Estimation
      $270,000
      2,750 SF

      3415 Steekee Crk Rd

      AUTO REPAIR, GARAGE • 2,750 SF
      3415 Steekee Crk Rd, Loudon, TN 37774-3727
      View Details
    • Value Estimation
      $95,000
      3,330 SF

      1064 Mulberry St

      AUTO REPAIR, GARAGE • 3,330 SF
      1064 Mulberry St, Loudon, TN 37774-1328
      View Details
    • Value Estimation
      $60,000
      960 SF

      9786 Vonore Rd

      AUTO REPAIR, GARAGE • 960 SF
      9786 Vonore Rd, Loudon, TN 37774-4532
      View Details

    Similar Nearby for Sale

    • $840,000
      5,670 SF

      Turn-Key Restaurant in Loudon County

      Fully equipped restaurant for sale in high-traffic Loudon County.
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    • $2,912,000
      14.56 Acres

      Loudon, TN Commercial Land - 14.56 Acres

      Prime Commercial Land Near I-75
      0 Highway 72, Loudon, TN 37774
      View Details
    • $35,000
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      Land For Sale in Loudon

      Land available in Loudon, Tennessee.
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    • $279,900
      0.53 Acres

      Tennessee National Homesite with Views

      Cleared homesite in gated community with water and mountain views.
      4344 Old Dogwood Trl, Loudon, TN 37774
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    • $50,400
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      Residential Lot in Loudon, TN

      Ready-to-build lot in Tellico Village with utilities available.
      506 Dudala Ln, Loudon, TN 37774
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    • $109,900
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      Golf View Lot in Loudon

      0.21-acre lot with golf and water views in Tennessee National.
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    Similar Nearby for Lease

    • Contact for pricing
      62,700 SF

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      Knoxville MSA Shopping Center: 1,400 SF Available
      1477 Tn-72, Loudon, TN 37774
      View Details
    • $1,300 /Mo
      833 SF

      Retail/Office Space in Loudon

      Street-facing commercial space with 5 rooms in Loudon, TN.
      900 Mulberry St, Loudon, TN 37774
      View Details
    • Contact for pricing

      Class A Distribution Center Development

      Master-planned industrial park with Class A distribution centers for lease.
      1790 Elizabeth Lee Pkwy, Loudon, TN 37774
      View Details
    • $349,000
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      Adaptable Commercial Space Available

      Versatile commercial property suitable for various professional uses.
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      View Details
    • Contact for pricing
      173,760 SF

      Loudon Warehouse with Expansion Potential

      173,760 SF warehouse with expansion up to 238,560 SF.
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    • Contact for pricing
      392,636 SF

      Modern Industrial Facility in Loudon

      New 197,276 SF industrial facility with Class-A features.
      1295 Huntington Park Dr, Loudon, TN 37774
      View Details
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    307 Grv St
    Loudon, TN 37774-6637
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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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