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

    791 W Elk Ave Elizabethton, TN 37643

    • Commercial real estate
    • 102,172 SF
    • 10.41 lot acres
    For Lease
    View listing
    $12 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0143836
    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

    • Planet Fitness / Gym & Fitness Center
    • Goodwill Thrift Store & Donation Center / Department Store
    • Big Lots / Discount Store
    • Harbor Freight Tools / Building Supply / Hardware & Home Improvement
    • Hendricks SR22 Insurance / Insurance Agency

    Property Details for 791 W Elk Ave

    Year built
    1988
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    10.41 lot acres
    Property size
    102,172 SF
    Property type
    Commercial real estate
    APN
    010041A A 01700
    APU
    010041AA01700

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,004,000
      Market price range: $4.41M - $22.2M
      AI Estimate
      $6,635,000
      Market price range: $3.98M - $18.4M

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

    Location Insight

    • Map
    • Local Demand
    City
    Elizabethton
    County
    Carter
    State
    Tennessee
    Longitude
    -82.2395
    Latitude
    36.3509
    CBSA code
    27740
    CBSA name
    JOHNSON CITY, 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
    $753,920
    $512,280
    $1,266,200
    -
    $1,884,800
    $1,280,700
    $3,165,500

    Comparable in this City

    • Value Estimation by Request
      2.00 Acres

      Tin Can Holw Rd

      COMMERCIAL (GENERAL) • 2.00 Acres
      Tin Can Holw Rd, Elizabethton, TN 37643
      View Details
    • Value Estimation by Request

      Sycamore Shls Dr

      COMMERCIAL (GENERAL)
      Sycamore Shls Dr, Elizabethton, TN 37643
      View Details
    • Value Estimation by Request

      Sycamore Shls Dr

      COMMERCIAL (GENERAL)
      Sycamore Shls Dr, Elizabethton, TN 37643
      View Details
    • Value Estimation by Request

      2764 Bob Little Rd

      COMMERCIAL (GENERAL)
      2764 Bob Little Rd, Elizabethton, TN 37643-7222
      View Details
    • Value Estimation by Request
      131.00 Acres

      Cottage Ave

      COMMERCIAL (GENERAL) • 131.00 Acres
      Cottage Ave, Elizabethton, TN 37643
      View Details
    • Value Estimation by Request
      100.00 Acres

      412 D St

      COMMERCIAL (GENERAL) • 100.00 Acres
      412 D St, Elizabethton, TN 37643
      View Details

    Similar Nearby for Sale

    • $174,000
      700 SF

      Highway 91 Commercial Property

      Elizabethton, TN: Versatile Commercial Land
      1976 Highway 91, Elizabethton, TN 37643
      View Details
    • $1,350,000
      1.52 Acres

      Prime Elizabethton Commercial Land

      High-traffic location, site-ready, 1.52 acres.
      Elk/1011 Over Mtn Dr, Elizabethton, TN 37643
      View Details
    • $1,350,000
      2.98 Acres

      Militia Court/Over Mountain Drive

      Land • 2.98 Acres
      0 Militia Ct, Elizabethton, TN 37643
      View Details
    • $400,000
      0.55 Acres

      Prime Elk Ave Commercial Land

      0.55-acre lot, high traffic, B2 zoning
      345 Elk Ave, Elizabethton, TN 37643
      View Details
    • $100,000
      2.03 Acres

      Emerald Hills Residential Land

      Two prime lots, 2.03 acres total.
      0 Lots 5&6 Emerald Hl Dr, Elizabethton, TN 37643
      View Details
    • $675,000
      11,000 SF

      Elizabethton Industrial Property For Sale

      11,000 SF Warehouse, 4 Buildings, $675K
      808 Lynn Ave, Elizabethton, TN 37643
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      10,738 SF

      Retail Space Next to Aldi's

      10,738 SF retail space in busy shopping center.
      791 W Elk Ave, Elizabethton, TN 37643
      View Details
    • $20 SF/Yr
      11,000 SF

      808 Lynn Ave

      Distribution properties • 11,000 SF
      808 Lynn Ave, Elizabethton, TN 37643
      View Details
    • $12 SF/Yr
      55,340 SF

      Betsytowne Shopping Center: Retail Space Available

      Elizabethton, TN Retail Center: Multiple Spaces, High Visibility
      1727 Us-19E, Elizabethton, TN 37643
      View Details
    • Contact for pricing

      High-Visibility Elizabethton Shopping Center

      Prime retail location with high traffic and national co-tenants.
      601 W Elk Ave, Elizabethton, TN 37643
      View Details
    • $12 SF/Yr
      2,100 SF

      New Mixed-Use Development in Elizabethton

      New downtown development with flexible build-out options, available Spring 2026.
      400 East E St, Elizabethton, TN 37643
      View Details
    • $6,500 /Mo
      11,000 SF

      Elizabethton Commercial Property with Warehouses

      Commercial property in Elizabethton featuring warehouses, office, and fenced lot.
      808 N Lynn Ave, Elizabethton, TN 37643
      View Details

    Property Visit Statistics

    • Visits by month
      17.1k
    • Visitors by month
      13.6k
    • Avg Time on site
      28 min
    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.
    791 W Elk Ave
    Elizabethton, TN 37643
    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.