Property profile

309 Reed St Portland, TN 37148

OFF-MARKET
Commercial real estate
Property ID
US80-0763595
2,052 SF 0.69 ac lot Built 1977
Individually Owned 6-yr Hold Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1977
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,052 SF
Lot 0.69 ac (29,850 SF)
APN 083033A C 01100
UPID US80-0763595

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Landscaping General Contractor
  • Car Wash
  • Renovation Specialist General Contractor

Location

309 Reed St Portland, TN 37148-1708
Portland metro Census 20300 NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$360k
CAP Approach CAP
$385k
Comparable Approach Comparable
$559k
Blend (final) Blend
$360k

Owner & transaction history

since 2020
1 recorded transaction
2020
Price N/A

Zoning & alternative use

Top alternative use upside
Auto repair, garage $785,000 +42.0%
Medical building $755,000 +36.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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