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    Property profile & analytics

    515 Hillsboro Blvd Manchester, TN 37355-1766

    • Commercial real estate
    • 6,171 SF
    • 0.77 lot acres
    OFF-MARKET
    Value Estimation
    $185,000
    Last Sale
    Sep 27, 2022
    $200,100
    Location Intelligence
    Property ID
    US80-1407203
    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

    • Freedom Automotive Tire & Service Center / Car Repair And Maintenance Service / Tire Shop

    Property Details for 515 Hillsboro Blvd

    Year built
    1960
    Construction
    FRAME
    Lot size
    0.77 lot acres
    Property size
    6,171 SF
    Property type
    Commercial real estate
    APN
    016076J A 00400
    APU
    016076JA00400

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $180,000

    • CAP approach

      CAP return
      Estimation
      6%
      $170,000
      6.5%
      $165,000
      7%
      $160,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $170,000
      Geo Method
      $165,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $210,000
      Retail
      $160,000
      Mixed-Use
      $220,000
      Hospitality
      $160,000
      Educational
      $210,000
      Residential Income
      $220,000
      Energy
      $170,000
      Income-Based Land
      $200,000
      Food Service
      $170,000

    Location Insight

    • Map
    • Local Demand
    City
    Manchester
    County
    Coffee
    State
    Tennessee
    Longitude
    -86.0817
    Latitude
    35.4774
    CBSA code
    46100
    CBSA name
    TULLAHOMA, 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
    2023
    $3,109
    $36,040
    $49,600
    $85,640
    -
    $90,100
    $124,000
    $214,100

    Comparable in this City

    • Value Estimation by Request
      161,276 SF

      2518 Hillsboro Blvd

      COMMERCIAL (GENERAL) • 161,276 SF
      2518 Hillsboro Blvd, Manchester, TN 37355-6535
      View Details
    • Value Estimation by Request
      3,000 SF

      1515 Mcminnville Hwy

      COMMERCIAL (GENERAL) • 3,000 SF
      1515 Mcminnville Hwy, Manchester, TN 37355-3134
      View Details
    • Value Estimation by Request
      1,404 SF

      2219 Murfreesboro Hwy

      COMMERCIAL (GENERAL) • 1,404 SF
      2219 Murfreesboro Hwy, Manchester, TN 37355-3275
      View Details
    • Value Estimation by Request
      1,524 SF

      2515 Murfreesboro Hwy

      COMMERCIAL (GENERAL) • 1,524 SF
      2515 Murfreesboro Hwy, Manchester, TN 37355-3206
      View Details
    • Value Estimation by Request
      2,101 SF

      1608 Murfreesboro Hwy

      COMMERCIAL (GENERAL) • 2,101 SF
      1608 Murfreesboro Hwy, Manchester, TN 37355
      View Details
    • Value Estimation by Request
      1,161 SF

      3641 New Tullahoma Hwy

      COMMERCIAL (GENERAL) • 1,161 SF
      3641 New Tullahoma Hwy, Manchester, TN 37355-7741
      View Details

    Similar Nearby for Sale

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      High-visibility, 0.95-acre commercial lot.
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      View Details
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      High-Visibility Manchester Commercial Land

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    • $1,500,000
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      Turnkey Medical Office in Prime Location
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    515 Hillsboro Blvd
    Manchester, TN 37355-1766
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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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