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    718 S Broadway St Portland, TN 37148
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    718 S Broadway St Portland, TN 37148

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    • Retail properties & Spaces
    • 9,990 SF
    • 1.19 lot acres
    For Sale
    $1,454,700
    View Listing →
    Retail Property For Sale For Sale
    $1,454,700
    9,750 SF

    Retail Property For Sale

    Retail property for sale with frontage on Broadway Street.

    718 S Broadway St, Portland, TN
    View Listing
    Property ID
    US80-3204320
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 718 S Broadway St

    Year built
    2015
    Lot size
    1.19 lot acres
    Property size
    9,990 SF
    Property type
    Retail properties & Spaces
    APN
    083033O A 00700
    APU
    083033OA00700

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,606,000
      Market price range: $951k - $2.45M
      AI Estimate
      $1,271,000
      Market price range: $622k - $1.85M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,540,000
      Current use
      COMMERCIAL (GENERAL)
      $2,685,000
      Change: +74% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Sumner
    State
    Tennessee
    Longitude
    -86.5112
    Latitude
    36.5678
    CBSA code
    34980
    CBSA name
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, 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
    2023
    $10,413
    $101,600
    $203,600
    $305,200
    -
    $254,000
    $509,000
    $763,000

    Comparable in this City

    • Value Estimation by Request
      1,632 SF

      658 Broadway

      Retail properties & Spaces • 1,632 SF
      658 Broadway, Portland, TN 37148
      View Details
    • Value Estimation by Request
      16,346 SF

      112 Knight St

      Neighborhood centers • 16,346 SF
      112 Knight St, Portland, TN 37148
      View Details
    • Value Estimation
      $1,745,000
      9,088 SF

      914 Broadway St

      DEPARTMENT STORE • 9,088 SF
      914 Broadway St, Portland, TN 37148-1624
      View Details
    • Value Estimation
      $1,980,000
      9,300 SF

      109 Hwy Highway

      DEPARTMENT STORE • 9,300 SF
      109 Hwy Highway, Portland, TN 37148
      View Details
    • Value Estimation
      $1,735,000
      9,171 SF

      1070 Magnolia Spgs Rd

      DEPARTMENT STORE • 9,171 SF
      1070 Magnolia Spgs Rd, Portland, TN 37148-1512
      View Details
    • Value Estimation
      $910,000
      8,960 SF

      706 Hwy Highway

      DEPARTMENT STORE • 8,960 SF
      706 Hwy Highway, Portland, TN 37148
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,750 SF

      Retail Property For Sale

      Retail property for sale with frontage on Broadway Street.
      718 S Broadway St, Portland, TN 37148
      View Details
    • $150,000

      Corner Lot in Portland, TN

      Corner lot suitable for a drive-thru coffee shop or small business.
      107 Jackson Rd, Portland, TN 37148
      View Details
    • $960,000
      10,400 SF

      Mixed-Use Investment Opportunity

      Two parcels with retail, restaurant, and storage income potential.
      457 N Broadway, Portland, TN 37148
      View Details
    • $590,000
      5.90 Acres

      Prime Portland TN Land Opportunity

      5.9 Acres, $590,000 - Development Potential
      1036 Broadway, Portland, TN 37148
      View Details
    • $1,459,500

      Land Site For Development

      Land available for commercial or industrial development with high visibility.
      Fred White Blvd, Portland, TN 37148
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    • $690,250

      27 Acres with Fishing Pond

      27 acres outside city limits with a fishing pond.
      121 Mount Moriah Church Rd, Portland, TN 37148
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    Similar Nearby for Lease

    • Contact for pricing
      10,420 SF

      Retail Space in Portland Village

      Retail spaces available in a busy shopping center.
      112 W Knight St, Portland, TN 37148
      View Details
    • Contact for pricing
      4,000 SF

      Retail Space in Portland Village

      Retail spaces available in a busy shopping center.
      100-112 W Knight St, Portland, TN 37148
      View Details
    • Contact for pricing

      Retail Space in Portland Village

      Retail space available in a busy Portland, Tennessee location.
      112 W Knight St, Portland, TN 37148
      View Details
    • Contact for pricing

      Warehouse Space Available For Lease

      Two warehouse configurations available for lease.
      1850 Vaughn Pkwy, Portland, TN 37148
      View Details
    • $6 SF/Yr
      54,000 SF

      Industrial Warehouse Space Available

      54,000 SF industrial warehouse for lease in Portland, TN.
      120 Davis St, Portland, TN 37148
      View Details
    • Contact for pricing

      Industrial Facility in Portland, Tennessee

      73,360 SF industrial facility on 7.5 acres near I-65.
      1035 Fred White Blvd, Portland, TN 37148
      View Details
    View Listing
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    718 S Broadway St
    Portland, TN 37148
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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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