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    Property profile & analytics

    600 Pleasant Ave Morristown, TN 37813-2140

    • Residential income homes
    • 16,893 SF
    • 0.68 lot acres
    OFF-MARKET
    Value Estimation
    $1,225,000
    Last Sale
    May 06, 2021
    $1,180,000
    Location Intelligence
    Property ID
    US80-0789192
    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

    • Residential income homes

    Property Details for 600 Pleasant Ave

    Year built
    1968
    Construction
    WOOD
    Lot size
    0.68 lot acres
    Property size
    16,893 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    032041D E 00600
    APU
    032041DE00600

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,235,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,250,000
      6.5%
      $1,330,000
      7%
      $1,245,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,145,000
      Geo Method
      $1,210,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,180,000
      Retail
      $1,360,000
      Mixed-Use
      $1,260,000
      Hospitality
      $1,250,000
      Educational
      $1,180,000
      Residential Income
      $1,075,000
      Energy
      $1,395,000
      Income-Based Land
      $1,090,000
      Food Service
      $1,155,000

    Location Insight

    • Map
    • Local Demand
    City
    Morristown
    County
    Hamblen
    State
    Tennessee
    Longitude
    -83.2965
    Latitude
    36.2078
    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
    $36,520
    $238,480
    $275,000
    -
    $91,300
    $596,200
    $687,500

    Comparable in this City

    • Value Estimation
      $140,000
      2,866 SF

      552 Cumberland St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,866 SF
      552 Cumberland St, Morristown, TN 37813-2307
      View Details
    • Value Estimation
      $645,000
      5,580 SF

      513 Hl St

      APARTMENT HOUSE (UNDER 5 UNITS) • 5,580 SF
      513 Hl St, Morristown, TN 37813-2375
      View Details
    • Value Estimation
      $7,745,000
      11,706 SF

      432 Barkley Lndg Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 11,706 SF
      432 Barkley Lndg Dr, Morristown, TN 37813-5297
      View Details
    • Value Estimation
      $2,250,000
      3,815 SF

      514 Liberty Hl Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,815 SF
      514 Liberty Hl Rd, Morristown, TN 37813-5763
      View Details
    • Value Estimation
      $505,000
      18,804 SF

      646 Liberty Hl Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 18,804 SF
      646 Liberty Hl Rd, Morristown, TN 37813-5750
      View Details
    • Value Estimation
      $460,000
      11,616 SF

      740 Liberty Hl Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 11,616 SF
      740 Liberty Hl Rd, Morristown, TN 37813-1850
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
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      Prime Walmart shadow center; 1,600 SF available.
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    • $2,000 /Mo
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    • $5 SF/Yr
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      Morristown Warehouse Space For Lease

      16,000 SF warehouse space with shared loading docks.
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    • $3 SF/Yr
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      50000 square foot warehouse space for lease.
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      View Details
    • Contact for pricing
      107,122 SF

      Crockett Square Retail Center

      Morristown, TN Retail Space Available
      507 Davy Crockett Pkwy, Morristown, TN 37813
      View Details
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    Morristown, TN 37813-2140
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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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