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Property profile & analytics

422 Main St Madisonville, TN 37354

  • Office Properties & Spaces
  • 3,201 SF
  • 0.56 lot acres
Value Estimation
Last Sale
Oct 28, 2021
$140,000
Location Intelligence
Property ID
US80-2063822
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

  • Senior Helpers / Home Health Care Service / Home Help Service Agency

Property Details for 422 Main St

Year built
1980
Lot size
0.56 lot acres
Property size
3,201 SF
Zone code
R-2
Property type
Office Properties & Spaces
APN
062067D D 01800
APU
062067DD01800

Description

This exceptional 3,201 square foot commercial building located at 422 Main Street in Madisonville, Tennessee, presents a fantastic opportunity for a variety of businesses. Previously occupied by a successful senior care operation, the property boasts a versatile layout ideal for multiple office spaces, a large therapy room (with removable ramp and raised floor), and ample storage. The building includes a well-equipped private kitchen and separate employee and public restrooms, ensuring convenience and functionality. A significant advantage is the generous parking provision, featuring a front lot and additional employee parking at the rear. Accessibility is a key feature, with the building designed to meet handicap accessibility standards. The 0.56-acre lot provides ample space and the building's adaptable design allows for customization to suit diverse business needs. The asking price is $375,000, and owner financing is available, making this an attractive investment opportunity. This property is ready for immediate occupancy and offers a blend of functionality, accessibility, and potential for future growth in a desirable location. The existing layout, while previously used for senior care, is easily adaptable to a variety of office uses, making it a truly versatile commercial space. The combination of ample parking, a convenient location, and the availability of owner financing makes this a compelling proposition for discerning buyers.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $190,000
  • CAP approach

    CAP return
    Estimation
    6%
    $150,000
    6.5%
    $165,000
    7%
    $145,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $160,000
    Geo Method
    $165,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $130,000
    Retail
    $155,000
    Mixed-Use
    $145,000
    Hospitality
    $125,000
    Educational
    $135,000
    Residential Income
    $135,000
    Energy
    $140,000
    Income-Based Land
    $170,000
    Food Service
    $160,000

Location Insight

  • Map
  • Local Demand
City
Madisonville
County
Monroe
State
Tennessee
Longitude
-84.3609
Latitude
35.5207

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
$1,456
$18,480
$39,080
$57,560
-
$46,200
$97,700
$143,900
More about this property
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