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

    712 George St, Unit 718 Athens, TN 37303-2214

    • Office Properties & Spaces
    • 8,500 SF
    • 0.84 lot acres
    OFF-MARKET
    Value Estimations
    $385,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-2580683
    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

    • Lincare / Medical Equipment Supplier / Home Health Care Service

    Property Details for 712 George St

    Year built
    1970
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.84 lot acres
    Property size
    8,500 SF
    Zone code
    B-1
    Property type
    Office Properties & Spaces
    APN
    054056C D 02900
    APU
    054056CD02900

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $310,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $462,000
      Market price range: $409k - $1.58M
      AI Estimate
      $516,000
      Market price range: $407k - $1.51M

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

    Location Insight

    • Map
    • Local Demand
    City
    Athens
    County
    Mcminn
    State
    Tennessee
    Longitude
    -84.6144
    Latitude
    35.4582
    CBSA code
    11940
    CBSA name
    ATHENS, TN MICROPOLITAN 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
    2023
    $2,818
    $9,600
    $125,840
    $135,440
    -
    $24,000
    $314,600
    $338,600

    Comparable in this City

    • Value Estimation
      $235,000
      1,248 SF

      607 Congress N Pkwy

      OFFICE (GENERAL) • 1,248 SF
      607 Congress N Pkwy, Athens, TN 37303-1617
      View Details
    • Value Estimation
      $275,000
      992 SF

      1501 Decatur Pike

      OFFICE (GENERAL) • 992 SF
      1501 Decatur Pike, Athens, TN 37303-2421
      View Details
    • Value Estimation
      $275,000
      1,120 SF

      1255 Decatur Pike

      OFFICE (GENERAL) • 1,120 SF
      1255 Decatur Pike, Athens, TN 37303-2415
      View Details
    • Value Estimation
      $285,000
      1,690 SF

      115 Jackson St

      OFFICE (GENERAL) • 1,690 SF
      115 Jackson St, Athens, TN 37303-3637
      View Details
    • Value Estimation by Request
      11,704 SF

      320 White St

      OFFICE (GENERAL) • 11,704 SF
      320 White St, Athens, TN 37303-3504
      View Details
    • Value Estimation
      $600,000
      2,184 SF

      105 Park St

      OFFICE (GENERAL) • 2,184 SF
      105 Park St, Athens, TN 37303-4255
      View Details

    Similar Nearby for Sale

    • $1,995,000
      31.78 Acres

      Athens, TN Development Land

      31.78 Acres, Multifamily Potential
      0 Layman Rd & Dennis St, Athens, TN 37303
      View Details
    • New
      $757,500
      5.05 Acres

      Land Near I-75, Athens, TN

      5.05 acre commercial land near I-75, Exit 49.
      Decatur Pike Hwy 30 W, Athens, TN 37303
      View Details
    • $189,900
      2,324 SF

      Historic Downtown Athens Office Building

      Charming office building, 2324 sq ft, prime location.
      110 Jackson St, Athens, TN 37303
      View Details
    • $5,925,000
      6,532 SF

      Athens Medical Office Investment

      High-yield NNN medical office, 20-year lease.
      1208 Congress Pkwy, Athens, TN 37303
      View Details
    • $169,000
      1,760 SF

      Versatile Commercial Building in Athens

      1,760 sq ft commercial building suitable for various uses.
      1027 Moore St, Athens, TN 37303
      View Details
    • New
      $2,353,500
      38.09 Acres

      Highway Frontage Development Opportunity

      38.09+/- acres near I-75, ideal for various commercial uses.
      Decatur Pike Hwy 30 W, Athens, TN 37303
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      14,460 SF

      Congress Parkway Office Space

      Athens, TN: 2,500 SF Office Available
      2300 Congress Pkwy, Athens, TN 37303
      View Details
    • $22 SF/Yr
      2,000 SF

      Retail Space on Decatur Pike

      2,000 SF retail space available for lease immediately.
      1800-1866 Decatur Pike, Athens, TN 37303
      View Details
    • $22 SF/Yr
      2,000 SF

      Retail Space on Decatur Pike

      Retail space available immediately in a strong retail market.
      1812-1822 Decatur Pike, Athens, TN 37303
      View Details
    • Contact for pricing
      2,500 SF

      Retail/Restaurant Space on Decatur Pike

      Versatile space suitable for restaurants and retail with high visibility.
      2619 Decatur Pike, Athens, TN 37303
      View Details
    • $5,000 /Mo

      Commercial Land on Decatur Pike

      1.66 acre commercial land for lease on Decatur Pike.
      902 Decatur Pike, Athens, TN 37303
      View Details
    • Contact for pricing

      Retail Space and Pads Available

      New retail development with high visibility and drive-thru opportunity.
      1712 Congress Pkwy S, Athens, TN 37303
      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.
    712 George St, Unit 718
    Athens, TN 37303-2214
    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.