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Property profile & analytics
FOR SALE
Retail space

3394 Highway 11W Surgoinsville, TN 37873

9,200 SF 0.87 ac lot Built 2005
Individually Owned 15-yr Hold ~ Est. High Equity
Property ID
US80-1227790
Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2005
Construction FRAME
Total area 9,200 SF
Lot 0.87 ac (37,897 SF)
Zoning code B-2
APN 037054P A 00400
UPID US80-1227790
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$883k
Blend (final) Blend
$850k
Owner & transaction history
Spectrum Outdoor Ptshp · 15 yrs held
Spectrum Outdoor Ptshp
since 2010
5 recorded transactions
2010
$575,000
2005
$35,000
1995
$5,600
1969
Price N/A
1969
Price N/A
Zoning & alternative use
B-2 · Surgoinsville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

achieve the intent of the B-2 (Arterial) Business District, as shown on the Zoning Map of the Town of Surgoinsville, Tennessee, the following uses are permitted: 705.1. Any use permitted within a B-1 Neighborhood Business District. 705.2. Hotels and motels. 705.3. Restaurants. 705.4. Offices. 705.6. Funeral homes. Surgoinsville Zoning Ordinance Page 16 707.7…

Zone name General Commercial
General category COMMERCIAL
Zone area 164.02 ac
Source ZONING ORDINANCE
Top alternative use upside
Commercial (general) $815,000 +33.8%
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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