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    Property profile & analytics

    37 Old Hwy 121 Elora, TN 37328-4150

    • Commercial real estate
    • 2.00 lot acres
    OFF-MARKET
    Value Estimation
    $50,000
    Last Sale
    Nov 04, 2020
    $45,000
    Location Intelligence
    Property ID
    US80-1922508
    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

    • Commercial real estate

    Property Details for 37 Old Hwy 121

    Lot size
    2.00 lot acres
    Property type
    Commercial real estate
    APN
    158 00901 001
    APU
    15800901001

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Elora
    County
    Lincoln
    State
    Tennessee
    Longitude
    -86.3736
    Latitude
    34.9983

    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
    2022
    $536
    $5,840
    $19,680
    $25,520
    -
    $14,600
    $49,200
    $63,800

    Comparable in this City

    • Value Estimation by Request
      1.14 Acres

      Old Huntland Rd

      COMMERCIAL (GENERAL) • 1.14 Acres
      Old Huntland Rd, Elora, TN 37328
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    • Value Estimation by Request
      2,410 SF

      461 John Hunter Hwy

      COMMERCIAL (GENERAL) • 2,410 SF
      461 John Hunter Hwy, Elora, TN 37328-4143
      View Details
    • Value Estimation by Request
      1,000 SF

      62 Old Huntland Rd

      COMMERCIAL (GENERAL) • 1,000 SF
      62 Old Huntland Rd, Elora, TN 37328-4423
      View Details
    • Value Estimation by Request
      14,800 SF

      338 Limestone Rd

      COMMERCIAL (GENERAL) • 14,800 SF
      338 Limestone Rd, Elora, TN 37328-4212
      View Details
    • Value Estimation by Request
      4,512 SF

      5 Elora Cemetery Cir

      COMMERCIAL (GENERAL) • 4,512 SF
      5 Elora Cemetery Cir, Elora, TN 37328-4412
      View Details
    • Value Estimation by Request
      3,536 SF

      265 John Hunter Hwy

      COMMERCIAL (GENERAL) • 3,536 SF
      265 John Hunter Hwy, Elora, TN 37328-4452
      View Details

    Similar Nearby for Sale

    • $471,300
      2,472 SF

      Elora Mixed-Use Property - $471,300

      Versatile Elora Commercial Space, 1.4 Acres
      Elora Rd, Elora, TN 37328
      View Details
    • $839,900
      82.45 Acres

      Elora Farmland with Multiple Structures

      82.45 acre farm with barns, ponds, and fenced pastures.
      82.45 Echols Rd, Elora, TN 37328
      View Details
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    37 Old Hwy 121
    Elora, TN 37328-4150
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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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