Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    420 Market St Dayton, TN 37321-1638

    • Retail space
    • 9,612 SF
    • 0.86 lot acres
    OFF-MARKET
    Value Estimations
    $795,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1100845
    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

    • Reed's roofing / Roofing Contractor
    • Redbox / Movie Rental Kiosk / Dvd Store
    • ATM / Atm
    • Charles K. Mcwherter, DPH / Pharmacy
    • Jennifer Serig / Pharmacy

    Property Details for 420 Market St

    Year built
    1971
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.86 lot acres
    Property size
    9,612 SF
    Property type
    Retail space
    APN
    096D F 00300
    APU
    096DF00300

    Description

    This exceptional 45,000-square-foot retail space presents a unique investment opportunity in Dayton, Tennessee. Located in Rhea County, this single-tenant property boasts a prime location within a shopping center proximate to Dayton's downtown area. The building enjoys excellent visibility and accessibility, featuring one lighted intersection access point from Rhea County Highway (21,340 vehicles per day), along with two additional access points from Iowa Avenue and two more from Market Street (8,467 vehicles per day). This ensures high traffic exposure for any business. Dayton, a growing tertiary market, is situated 35 miles north of Chattanooga and 70 miles southwest of Knoxville, serving a population of approximately 7,362 residents (2024 data). The area is known for its tourism, drawing visitors to its natural beauty, including the Cumberland Plateau and the Tennessee River. The property's location within a retail node featuring national tenants such as Walmart, AutoZone, and others, further enhances its appeal and potential. The entire 45,000 square feet is currently vacant, offering a blank canvas for a wide range of retail concepts. This property is ideal for a business seeking high visibility and convenient access in a growing market with a strong tourism component.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $798,000
      Market price range: $269k - $1.26M
      AI Estimate
      $789,000
      Market price range: $310k - $1.26M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $805,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Dayton
    County
    Rhea
    State
    Tennessee
    Longitude
    -85.0233
    Latitude
    35.4827
    CBSA code
    19420
    CBSA name
    DAYTON, TN MICROPOLITAN 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
    $75,000
    $139,720
    $214,720
    -
    $187,500
    $349,300
    $536,800

    Comparable in this City

    • Value Estimation by Request
      2,690 SF

      6920 Old Washington Hwy

      RETAIL STORES (PERSONAL SERVICES) • 2,690 SF
      6920 Old Washington Hwy, Dayton, TN 37321-5159
      View Details
    • Value Estimation by Request
      2,999 SF

      1486 Railroad St

      RETAIL STORES (PERSONAL SERVICES) • 2,999 SF
      1486 Railroad St, Dayton, TN 37321-1144
      View Details
    • Value Estimation by Request
      1,500 SF

      9824 Rhea County Hwy

      RETAIL STORES (PERSONAL SERVICES) • 1,500 SF
      9824 Rhea County Hwy, Dayton, TN 37321-5919
      View Details
    • Value Estimation by Request
      2,224 SF

      303 2nd Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,224 SF
      303 2nd Ave, Dayton, TN 37321-1201
      View Details
    • Value Estimation by Request
      1,012 SF

      1069 Back Vly Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,012 SF
      1069 Back Vly Rd, Dayton, TN 37321-6817
      View Details
    • Value Estimation by Request
      5,250 SF

      211 Dayton Mtn Hwy

      RETAIL STORES (PERSONAL SERVICES) • 5,250 SF
      211 Dayton Mtn Hwy, Dayton, TN 37321-1047
      View Details

    Similar Nearby for Sale

    • $450,000
      2,900 SF

      Dayton Commercial Building For Sale

      2,900 sq ft commercial building in prime Dayton location.
      585 Richland St, Dayton, TN 37321
      View Details
    • $1,488,000

      Historic Tri-Level Dayton Building

      Tri-level building in Dayton's Historic District, ideal for various ventures.
      1441 Market St, Dayton, TN 37321
      View Details
    • $250,000
      200 SF

      Dayton, TN Restaurant Opportunity

      Restaurant space with outdoor seating and high visibility in Dayton.
      268 Richland St, Dayton, TN 37321
      View Details
    • $1,300,000
      10,500 SF

      Dayton Retail Center - Huge Potential

      10,500 SF Retail Building, 3.54 Acres
      4302 Rhea County Hwy, Dayton, TN 37321
      View Details
    • $339,000

      Dayton Commercial Land - 0.89 Acres

      Prime Dayton, TN commercial lot. High visibility, easy access.
      0 Able Dr, Dayton, TN 37321
      View Details
    • $200,000
      0.69 Acres

      Dayton Commercial Land - High Visibility

      Prime .69-acre lot, ideal for retail or medical.
      Rhea County Hwy, Dayton, TN 37321
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Development Site Near Walmart

      Retail development site in growing Dayton, Tennessee market.
      Us Hwy 27 & Dayco Dr, Dayton, TN 37321
      View Details
    • $2,000 /Mo
      1,450 SF

      Dayton Commercial Building For Rent

      2,900 sq ft commercial building, formerly a daycare center.
      585 Richland St, Dayton, TN 37321
      View Details
    • Contact for pricing
      2,060 SF

      Retail Space on Rhea County

      Retail space with excellent visibility on Rhea County Hwy.
      2909 Rhea County Hwy, Dayton, TN 37321
      View Details
    • Contact for pricing
      6,000 SF

      Dayton Retail Space - Hwy 3395

      Prime Dayton retail, 2 suites available, high visibility.
      3395 Rhea County Hwy, Dayton, TN 37321
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    420 Market St
    Dayton, TN 37321-1638
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.