Property profile

524 Gtwy Ave Rockwood, TN 37854

OFF-MARKET
Commercial real estate
Property ID
US80-0753595
17,400 SF 1.27 ac lot Built 1960
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1960
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 17,400 SF
Lot 1.27 ac (55,321 SF)
Zoning code C-2
APN 073054E N 00600
UPID US80-0753595

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Grocery & Convenience Store Food Market

Location

524 Gtwy Ave Rockwood, TN 37854-2353
Rockwood metro Census 30402 KNOXVILLE, TN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$945k
CAP Approach CAP
by Request
Comparable Approach Comparable
$858k
Blend (final) Blend
$1.02M

Owner & transaction history

since 2023
Last sale
$945,000
5 recorded transactions
2023
$945,000
2023
Price N/A
2005
$420,000
2004
Price N/A
1989
$165,000

Zoning & alternative use

C-2 · Rockwood, TN
Zoning description

be located within the C-1 Commercial: Central Business, or C-2 Commercial: General Business Zoning Districts as depicted on the Official Zoning Map of the City of Rockwood on the date of application. No distance requirem…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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