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

    362 Colonial Rd Rogersville, TN 37857

    • Office Properties & Spaces
    • 6,080 SF
    • 0.42 lot acres
    For Sale
    View listing
    $400,000
    Last Sale
    Mar 18, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1045318
    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

    • Office Properties & Spaces

    Property Details for 362 Colonial Rd

    Year built
    2009
    Lot size
    0.42 lot acres
    Property size
    6,080 SF
    Zone code
    M-1
    Property type
    Office Properties & Spaces
    APN
    037101 19002
    APU
    3710119002

    Description

    This exceptional Class A commercial property, located at 362 Colonial Rd, Rogersville, TN 37857, presents a compelling investment opportunity. The 5,000 square foot building, constructed in 2018, seamlessly blends executive office space with flexible industrial capabilities. The layout includes approximately 3,000 square feet dedicated to modern office space and 2,000 square feet of warehouse area, providing versatility for a range of businesses. Its M1 zoning allows for diverse commercial uses, enhancing its appeal and potential return on investment. Situated in the thriving Rogersville area, this property benefits from convenient access to major transportation routes, making it an ideal location for companies seeking a strategic and easily accessible base of operations. The contemporary design and layout offer a functional and adaptable space, easily customizable to meet specific business needs. The asking price for this prime commercial real estate is $515,000. This property represents a rare opportunity to acquire a high-quality, versatile commercial space in a desirable location. Its modern features, flexible zoning, and strategic location combine to create a compelling investment prospect with significant growth potential. Don't miss this chance to secure a thriving business location in the heart of Rogersville, Tennessee.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $330,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $368,000
      Market price range: $197k - $571k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $305,000
      Current use
      RETAIL STORES
      $280,000
      Change: -8% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Rogersville
    County
    Hawkins
    State
    Tennessee
    Longitude
    -82.9968
    Latitude
    36.402
    CBSA code
    28700
    CBSA name
    KINGSPORT-BRISTOL-BRISTOL, TN-VA 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
    $9,200
    $138,280
    $147,480
    -
    $23,000
    $345,700
    $368,700

    Comparable in this City

    • Value Estimation
      $275,000
      1,080 SF

      202 Hillcrest St

      OFFICE (GENERAL) • 1,080 SF
      202 Hillcrest St, Rogersville, TN 37857-2802
      View Details
    • Value Estimation
      $130,000
      5,400 SF

      904 Main St

      OFFICE (GENERAL) • 5,400 SF
      904 Main St, Rogersville, TN 37857-2804
      View Details
    • Value Estimation
      $315,000
      1,038 SF

      206 Burem Rd

      OFFICE (GENERAL) • 1,038 SF
      206 Burem Rd, Rogersville, TN 37857-7901
      View Details
    • Value Estimation
      $305,000
      4,095 SF

      121 Depot St

      OFFICE (GENERAL) • 4,095 SF
      121 Depot St, Rogersville, TN 37857-3303
      View Details
    • Value Estimation
      $425,000
      6,880 SF

      482 Park Blvd

      OFFICE (GENERAL) • 6,880 SF
      482 Park Blvd, Rogersville, TN 37857-6927
      View Details
    • Value Estimation
      $165,000
      1,715 SF

      211 Burem Rd

      OFFICE (GENERAL) • 1,715 SF
      211 Burem Rd, Rogersville, TN 37857-7900
      View Details

    Similar Nearby for Sale

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      Former office building with high visibility and flexible M-1 zoning.
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    • $400,000
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      Versatile Commercial Building in Rogersville

      Commercial building with office, warehouse, and flexible finished space.
      362 Colonial Rd, Rogersville, TN 37857
      View Details
    • $750,000
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      Rogersville Historic District Commercial Building

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      316 E Main St, Rogersville, TN 37857
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    • $425,000
      7,620 SF

      Rogersville Commercial Building on Highway 66

      7,620 SF commercial building with high visibility on 1.16 acres.
      3825 Highway 66 S, Rogersville, TN 37857
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      Rogersville Land with Mountain Views

      41.86 acres of unrestricted land with mountain views.
      120 Richards Rd, Rogersville, TN 37857
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    Similar Nearby for Lease

    • $9 SF/Yr
      10,000 SF

      Former Movie Theater For Lease

      Former movie theater space available for lease.
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      View Details
    • $3,117 /Mo
      3,400 SF

      Rogersville Commercial Space For Rent

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      View Details
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    362 Colonial Rd
    Rogersville, TN 37857
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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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