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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5800 Andrew Johnson Hwy Morristown, TN 37814

    • Commercial real estate
    • 93.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0291465
    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

    • Commercial real estate

    Property Details for 5800 Andrew Johnson Hwy

    Year built
    1960
    Lot size
    93.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 93-acre lot presents a unique commercial development opportunity in Morristown, Tennessee. Strategically located at 5800 W Andrew Johnson Highway, this property boasts significant frontage—approximately 160 feet—on a major thoroughfare, ensuring high visibility and accessibility. Its prime location directly adjacent to Rusty Wallace Toyota guarantees substantial traffic flow and exposure to a large customer base. The property is zoned Intermediate Business, opening doors to a wide range of commercial ventures. While a house is present on the property, it is currently inaccessible. This presents a blank canvas for developers to envision and create a project tailored to their specific needs. The expansive acreage offers ample space for construction, parking, and potential future expansion. This is a rare chance to acquire a highly visible and well-situated commercial lot in a thriving area. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. Further details are available upon request. The asking price is $344,900.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Morristown
    County
    Hamblen
    State
    Tennessee
    Longitude
    -83.39006
    Latitude
    36.17998

    Comparable in this City

    • $350,000
      0.51 Acres

      Morristown QSR/Restaurant Opportunity

      Prime location, 8,849 SF building, 0.51 acres.
      2747 Andrew Johnson Hwy, Morristown, TN 37814
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    • $649,000
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      Morristown Commercial Land - $649K

      1.22-acre commercial lot, ideal location.
      1826 Andrew Johnson Hwy, Morristown, TN 37814
      View Details
    • Contact for pricing
      2,015 SF

      Morristown Commercial Space - Suite A

      High-traffic location, 2,015 sq ft, $2,100/month
      1335 Andrew Johnson Hwy, Morristown, TN 37814
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    • $89,900
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      Cherokee Lake Waterfront Lot

      Prime lakefront land, ready to build.
      2093 Edgewater Sound, Morristown, TN 37814
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    • $82,000
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      Cherokee Lake Waterfront Lot

      Prime lakefront land, ready to build
      2251 Windswept Way, Morristown, TN 37814
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    • $3,770,000
      15.62 Acres

      Morristown Commercial Land - 15 Acres

      Prime TN Commercial Land, Two Lots Available
      6099 Commerce Blvd, Morristown, TN 37814
      View Details

    Similar Nearby for Sale

    • $350,000
      0.51 Acres

      Morristown QSR/Restaurant Opportunity

      Prime location, 8,849 SF building, 0.51 acres.
      2747 Andrew Johnson Hwy, Morristown, TN 37814
      View Details
    • $1,115,000

      Profitable Quilt Shop in Nashville

      Established Business, High Inventory Value
      0 Quilt And Sewing Machine Shop, Nashville, TN 37814
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    • $350,000
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      Morristown Commercial Land - $350K

      3.18 Acres, Prime Commercial Location
      2625 Cherokee Park Rd, Morristown, TN 37814
      View Details
    • $82,000
      0.41 Acres

      Cherokee Lake Waterfront Lot

      Prime lakefront land, ready to build
      2251 Windswept Way, Morristown, TN 37814
      View Details
    • $3,770,000
      15.62 Acres

      Morristown Commercial Land - 15 Acres

      Prime TN Commercial Land, Two Lots Available
      6099 Commerce Blvd, Morristown, TN 37814
      View Details
    • $79,900
      0.56 Acres

      Lakefront Commercial Lot in Morristown, TN

      Prime Cherokee Lake lot, gated community, ready to build.
      0 Waterview Way, Morristown, TN 37814
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    Similar Nearby for Lease

    • $1,500 /Mo
      11,761 SF

      Morristown Office Space For Lease

      Office space for lease suitable for professional, medical, or business.
      2307 W Andrew Johnson Hwy, Morristown, TN 37814
      View Details
    • Contact for pricing

      Land Available Near Ingles Market

      Land for rent near Ingles Market with ample parking.
      2114 E Andrew Johnson Hwy, Morristown, TN 37814
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    • $12 SF/Yr
      2,282 SF

      Morristown CBD Office Opportunity

      Versatile office space in Morristown's vibrant Central Business District.
      209 E Main St, Morristown, TN 37814
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    • Contact for pricing
      2,500 SF

      Retail Space in Shopping Center

      Retail space available in a busy shopping center.
      2342 E Andrew Johnson Hwy, Morristown, TN 37814
      View Details
    • $8 SF/Yr
      41,117 SF

      Freestanding Retail Building with Drive-Thru

      41,117 SF retail space with drive-thru in Morristown, TN.
      1757 West Andrew Johnson Hwy, Morristown, TN 37814
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space in Morristown Center

      Retail space available in shopping center with ample parking.
      2304-2342 E Andrew Johnson Hwy, Morristown, TN 37814
      View Details
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    Morristown, TN 37814
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    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
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