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

    524 Broad St Lexington, TN 38351-2202

    • Medical offices
    • 2,960 SF
    OFF-MARKET
    Value Estimations
    $265,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-3026847
    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

    • Tiffany L. Yandell / Chiropractor
    • Ms. Lisa Booth / Nurse Practitioner
    • Lexington Family Practice / Medical Clinic / Doctor
    • Hometown Florist & Gifts / Florist

    Property Details for 524 Broad St

    Year built
    1999
    Property size
    2,960 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    039092D D 00901 001
    APU
    039092DD00901001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $300,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $233,000
      Market price range: $233k - $356k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $280,000
      Current use
      COMMERCIAL (GENERAL)
      $360,000
      Change: +29% Conversion: Easy
      RETAIL STORES
      $270,000
      Change: -4% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $255,000
      Change: -9% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Henderson
    State
    Tennessee
    Longitude
    -88.4042
    Latitude
    35.6377

    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
    $2,124
    $0.00
    $92,800
    $92,800
    -
    $0.00
    $232,000
    $232,000

    Comparable in this City

    • Value Estimation
      $325,000
      8,076 SF

      250 Boswell St

      MEDICAL BUILDING • 8,076 SF
      250 Boswell St, Lexington, TN 38351-3097
      View Details
    • Value Estimation
      $300,000
      1,326 SF

      83 Main St

      MEDICAL BUILDING • 1,326 SF
      83 Main St, Lexington, TN 38351-2109
      View Details
    • Value Estimation
      $530,000
      7,134 SF

      Broad S St

      MEDICAL BUILDING • 7,134 SF
      Broad S St, Lexington, TN 38351
      View Details
    • Value Estimation
      $515,000
      9,110 SF

      249 Church St

      MEDICAL BUILDING • 9,110 SF
      249 Church St, Lexington, TN 38351-2013
      View Details
    • Value Estimation
      $320,000
      3,504 SF

      431 Church St

      MEDICAL BUILDING • 3,504 SF
      431 Church St, Lexington, TN 38351-2017
      View Details
    • Value Estimation
      $435,000
      4,355 SF

      157 Church St

      MEDICAL BUILDING • 4,355 SF
      157 Church St, Lexington, TN 38351-2011
      View Details

    Similar Nearby for Sale

    • $1,500,000
      11,750 SF

      Lexington TN Medical Office Building

      11,750 SF Medical/Executive Office
      250 Boswell St, Lexington, TN 38351
      View Details
    • $1,500,000
      11,750 SF

      Lexington Office Building - Prime Location

      11,750 SF Office Building, 0.9 Acres
      250 Boswell St, Lexington, TN 38351
      View Details
    • $199,500

      Lexington TN Multi-Use Property

      Prime 2-Acre Commercial Land, High Visibility
      00 Broad St, Lexington, TN 38351
      View Details
    • Contact for pricing

      Lexington Residential Lot - Build Your Dream Home

      14,810 sq ft lot, city limits, buildable.
      83 Derek Dr Dr, Lexington, TN 38351
      View Details
    • Contact for pricing

      Lexington Land: 2 Acres Unrestricted

      Prime Residential Lot - 82,764 sq ft
      000 Highway 104, Lexington, TN 38351
      View Details
    • $760,000

      Prime TN Farm - 95 Acres

      Profitable Farmland near I-40
      001 Timberlake Wildersville Rd, Lexington, TN 38351
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      141,960 SF

      Beech Lake Commons Retail Space

      High-traffic retail center; spaces available.
      676 Church St, Lexington, TN 38351
      View Details
    • Contact for pricing
      1,940 SF

      Retail Space in High-Traffic Area

      Retail space in Lexington with high visibility and foot traffic.
      541 W Church St, Lexington, TN 38351
      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.
    524 Broad St
    Lexington, TN 38351-2202
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.