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    Property profile & analytics

    508 2nd N St Morristown, TN 37814-3934

    • Office Properties & Spaces
    • 1,296 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Aug 09, 2024
    $10,000
    Location Intelligence
    Property ID
    US80-1066610
    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

    • Office Properties & Spaces

    Property Details for 508 2nd N St

    Year built
    1962
    Construction
    WOOD
    Lot size
    0.06 lot acres
    Property size
    1,296 SF
    Property type
    Office Properties & Spaces
    APN
    032033M I 00600
    APU
    032033MI00600

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Morristown
    County
    Hamblen
    State
    Tennessee
    Longitude
    -83.2989
    Latitude
    36.2127
    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
    $6,240
    $30,760
    $37,000
    -
    $15,600
    $76,900
    $92,500

    Comparable in this City

    • Value Estimation by Request
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      921 1st N St

      OFFICE (GENERAL) • 2,081 SF
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      410 1st N St

      OFFICE (GENERAL) • 1,924 SF
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      1113 1st N St

      OFFICE (GENERAL) • 2,037 SF
      1113 1st N St, Morristown, TN 37814-4553
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    • Value Estimation by Request
      3,096 SF

      1005 1st N St

      OFFICE (GENERAL) • 3,096 SF
      1005 1st N St, Morristown, TN 37814-4551
      View Details

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    508 2nd N St
    Morristown, TN 37814-3934
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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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