Back to Search
Property profile & analytics
FOR LEASE
Commercial real estate
601 W Elk Ave Elizabethton, TN 37643
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US80-1391066
For Lease
1 / 2
$6,700,000
601 W Elk Ave, Elizabethton, TN 37643
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
121,056 SF
Lot
9.52 ac (414,691 SF)
APN
010041A A 01600
UPID
US80-1391066
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Carter County Bank Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.70M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.55M
Blend (final)
Blend
$6.70M
Owner & transaction history
Vishal Elk Cumberland LLC · 1 yrs held
Vishal Elk Cumberland LLC
since 2024
Last sale
$6.7M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Elizabethton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elizabethton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$6,700,000
ML approach
$6,700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.70M
Range $6.03M – $7.37M · ±10% · vs last sale $6.70M (Aug 6 2024)
Last sale anchor
$6.70M
Aug 6 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$55 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$1,545,240
Assessed 2023
Previous assessed
$1,545,240
+0.0% YoY
Assessed land
$826,760
Assessed improvement
$718,480
Land market value
$2,066,900
Improvement market value
$1,796,200
Total market value
$3,863,100
Applied tax rate
10.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
15
Total area
121,056 SF
Lot
9.52 ac (414,691 SF)
APN
010041A A 01600
UPID
US80-1391066
Jurisdiction
CARTER
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
15
Lot
9.52 ac
Current owner
From public records · entity-resolved
Vishal Elk Cumberland LLC
Entity
Mailing address
5130 HACIENDA DR, DUBLIN, CA 94568-7579
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 6, 2024
$6,700,000
Vishal Elk Cumberland LLC
Elk Wvr LLC
Special Warranty Deed
—
May 8, 2023
—
Ross Dress For Less INC
Elk Wvr LLC
Lease
—
Jul 17, 2019
—
Elk Wvr LLC
—
Grant Deed
related
$7,400,000 · Starwood Mtg Cap
Nov 17, 2014
$3,550,000
Wvr Llcc Elk
Bemberg Shopping Center LLC
Special Warranty Deed
$5,125,000 · Cornerstone Commercial Mortgag
Nov 10, 2010
$600,000
Cfa Real Property I LLC
Bemberg Shopping Center LLC
Grant Deed
—
Feb 4, 2008
$410,000
Miryan Properties INC
Bemberg Shopping Center LLC
Warranty Deed
$440,000 · River City Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
