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    Property profile & analytics

    405 Harper Ave Maryville, TN 37804

    • Auto shops
    • 32,400 SF
    • 0.72 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1106771
    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

    • Parking Garage / Parking Garage

    Property Details for 405 Harper Ave

    Year built
    1986
    Construction
    CONCRETE
    Lot size
    0.72 lot acres
    Property size
    32,400 SF
    Zone code
    CBDS
    Property type
    Auto shops
    APN
    005058A A 00700
    APU
    005058AA00700

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Maryville
    County
    Blount
    State
    Tennessee
    Longitude
    -83.9696
    Latitude
    35.7589
    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
    2022
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $93,900
    $77,400
    $171,300

    Comparable in this City

    • Value Estimation
      $235,000
      2,556 SF

      301 Defoe Cir

      AUTO REPAIR, GARAGE • 2,556 SF
      301 Defoe Cir, Maryville, TN 37804
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    • Value Estimation
      $240,000
      1,893 SF

      2533 Broadway Ave

      AUTO REPAIR, GARAGE • 1,893 SF
      2533 Broadway Ave, Maryville, TN 37804-2760
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    • Value Estimation by Request
      6,230 SF

      1414 Jefferson Ave

      AUTO REPAIR, GARAGE • 6,230 SF
      1414 Jefferson Ave, Maryville, TN 37804-3207
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    • Value Estimation
      $325,000
      12,606 SF

      2411 Broadway Ave

      AUTO REPAIR, GARAGE • 12,606 SF
      2411 Broadway Ave, Maryville, TN 37804-2758
      View Details
    • Value Estimation
      $255,000
      1,168 SF

      2307 Mitchell Ave

      AUTO REPAIR, GARAGE • 1,168 SF
      2307 Mitchell Ave, Maryville, TN 37804-2734
      View Details
    • Value Estimation
      $270,000
      4,750 SF

      445 Continental Dr

      AUTO REPAIR, GARAGE • 4,750 SF
      445 Continental Dr, Maryville, TN 37804-5432
      View Details

    Similar Nearby for Sale

    • $249,900
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      Downtown Maryville Land For Sale

      Land in downtown Maryville with retail, office, residential potential.
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    • $775,000
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      Historic Maryville Property with Potential

      Versatile property in downtown Maryville, suitable for various uses.
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      Restaurant with Prime Maryville Location

      4,400 SF full-service restaurant in the heart of Maryville.
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    • $699,000
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      Office/Retail Redevelopment Opportunity

      Office/Retail property with redevelopment potential in high-visibility location.
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    • $1,349,000
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      Maryville Industrial Property

      16,200 SF Showroom/Warehouse, $1.3M
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      Maryville Land with Spring-Fed Creek

      16-acre property with creek, barns, and subdivision potential.
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    Similar Nearby for Lease

    • $7,500 /Mo
      2,500 SF

      Maryville Retail Space with Yard

      Retail space with fenced yard and excellent visibility available for rent.
      1528 W Broadway Ave, Maryville, TN 37804
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    • $10 SF/Yr
      12,661 SF

      Browns Creek Retail Center Opportunity

      Maryville, TN Shopping Center - Spaces Available
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    • $12 SF/Yr
      7,025 SF

      Retail Space in Browns Creek

      Retail space available in Browns Creek Shopping Center.
      1707 E Lamar Alexander Pkwy, Maryville, TN 37804
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    • $19 SF/Yr
      9,970 SF

      Retail/Office Space with Tenant Improvements

      Retail or office space available with tenant improvement allowance.
      1536 E Broadway Ave, Maryville, TN 37804
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    • $27 SF/Yr
      1,990 SF

      Retail Space Available For Lease

      Retail space available for lease in Maryville, Tennessee.
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    • $12 SF/Yr
      3,920 SF

      Downtown Maryville Versatile Retail Space

      Versatile space in historic building, ideal for various businesses.
      205 Court St, Maryville, TN 37804
      View Details
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    405 Harper Ave
    Maryville, TN 37804
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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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