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    Property profile & analytics

    506 Morris Blvd Morristown, TN 37813-2132

    • Office Properties & Spaces
    • 6,745 SF
    • 0.64 lot acres
    OFF-MARKET
    Value Estimation
    $375,000
    Location Intelligence
    Property ID
    US80-0977502
    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

    • ASHLEY ANN GREENE / Physician Assistant
    • Smoky Mountain Home Health & Hospice / Aged Care / Home Health Care Service
    • NICHOLAS ANTHONY GRIMALDI / Orthopedic Surgeon
    • MARY SERBIN / Nurse Practitioner
    • AMY RENNER AUSTIN / Nurse Practitioner

    Property Details for 506 Morris Blvd

    Year built
    1948
    Construction
    WOOD
    Lot size
    0.64 lot acres
    Property size
    6,745 SF
    Property type
    Office Properties & Spaces
    APN
    032033M M 00300
    APU
    032033MM00300

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $365,000

    • CAP approach

      CAP return
      Estimation
      6%
      $480,000
      6.5%
      $505,000
      7%
      $455,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $495,000
      Geo Method
      $460,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $390,000
      Retail
      $425,000
      Mixed-Use
      $490,000
      Hospitality
      $370,000
      Educational
      $430,000
      Residential Income
      $430,000
      Energy
      $455,000
      Income-Based Land
      $365,000
      Food Service
      $435,000

    Location Insight

    • Map
    • Local Demand
    City
    Morristown
    County
    Hamblen
    State
    Tennessee
    Longitude
    -83.2961
    Latitude
    36.2094
    CBSA code
    34100
    CBSA name
    MORRISTOWN, 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
    0
    $0.00
    $39,320
    $163,720
    $203,040
    -
    $98,300
    $409,300
    $507,600

    Comparable in this City

    • Value Estimation by Request
      2,450 SF

      115 3rd S St

      OFFICE (GENERAL) • 2,450 SF
      115 3rd S St, Morristown, TN 37813-2277
      View Details
    • Value Estimation by Request
      2,528 SF

      345 Montvue Ave

      OFFICE (GENERAL) • 2,528 SF
      345 Montvue Ave, Morristown, TN 37813-2491
      View Details
    • Value Estimation by Request
      2,400 SF

      1709 Morris Blvd

      OFFICE (GENERAL) • 2,400 SF
      1709 Morris Blvd, Morristown, TN 37813-2835
      View Details
    • Value Estimation by Request

      444 Jones-Franklin Rd

      Office Properties & Spaces
      444 Jones-Franklin Rd, Morristown, TN 37813
      View Details
    • Value Estimation by Request
      10.65 Acres

      4520 Enka Hwy

      Individual retail properties • 10.65 Acres
      4520 Enka Hwy, Morristown, TN 37813
      View Details
    • Value Estimation by Request
      4,392 SF

      5251 Morris Blvd

      OFFICE (GENERAL) • 4,392 SF
      5251 Morris Blvd, Morristown, TN 37813-1056
      View Details

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    Similar Nearby for Lease

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      Morristown Automotive Lot For Lease

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    • $3 SF/Yr
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      23,900 SF

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      Prime Walmart shadow center; 1,600 SF available.
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      Morristown Acreage Near I-81

      1.36 acres for lease near I-81 and local businesses.
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    • Contact for pricing
      107,122 SF

      Crockett Square Retail Center

      Morristown, TN Retail Space Available
      507 Davy Crockett Pkwy, Morristown, TN 37813
      View Details
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    506 Morris Blvd
    Morristown, TN 37813-2132
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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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