Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8051 Kingsport Hwy Afton, TN 37616-4525
    Back to Search
    Property profile & analytics

    8051 Kingsport Hwy, Afton, TN 37616-4525

    View on Map
    • Warehouses
    • 4,220 SF
    • 0.57 lot acres
    Off-Market
    Property ID
    US80-1981234
    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

    • Warehouses

    Property Details for 8051 Kingsport Hwy

    Year built
    1950
    Lot size
    0.57 lot acres
    Zone code
    A-1
    Property type
    Warehouses
    APN
    030045 01403
    APU
    3004501403

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 1, 2019 — Joshua A Jones — Deed · related $67k · Greeneville Fed'l Bk Fsb
    Nov 23, 2015 — Kelley Jones Hensley,wilma Quit Claim Deed · related —
    Jan 18, 2007 — Wayland T Hensley Hensley,wilma L Quit Claim Deed · related —
    Oct 17, 2006 — Wilma L Hensley Hensley,wayland T Quit Claim Deed · related —
    Feb 26, 1997 $27,500 Richard Kirk — Grant Deed · related —
    Feb 10, 1997 $27,500 Richard Kirk Ambrose,dewey Grant Deed $22k · Andrew Johnson Bank
    Jun 21, 1991 $22,000 Dewey H Ambrose SR Unknown Grant Deed —
    — — Joshua A Jones — Loan Modification · related $67k · Greeneville Fed'l Bk Fsb

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Afton
    County
    Greene
    State
    Tennessee
    Longitude
    -82.7447
    Latitude
    36.2726
    CBSA code
    24620
    CBSA name
    GREENEVILLE, 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
    $335
    $4,000
    $16,325
    $20,325
    -
    $16,000
    $65,300
    $81,300

    Comparable in this City

    • Value Estimation by Request
      3,900 SF

      Andrew Johnson Hwy

      WAREHOUSE, STORAGE
      Andrew Johnson Hwy, Afton, TN 37616
      View Details
    • Value Estimation by Request
      15,002 SF

      70 Doty Chapel Rd

      WAREHOUSE, STORAGE
      70 Doty Chapel Rd, Afton, TN 37616-4121
      View Details
    • Value Estimation by Request
      7,500 SF

      991 Ripley Is Rd

      WAREHOUSE, STORAGE
      991 Ripley Is Rd, Afton, TN 37616-5915
      View Details
    • Value Estimation
      $830,000
      85,955 SF

      1945 Scott Farm Rd

      MANUFACTURING (LIGHT)
      1945 Scott Farm Rd, Afton, TN 37616-5356
      View Details
    • Value Estimation
      $4,540,000
      505,312 SF

      101 American Rd

      MANUFACTURING (LIGHT)
      101 American Rd, Afton, TN 37616-5755
      View Details
    • Value Estimation by Request

      65 Afton Rd

      COMMERCIAL (GENERAL)
      65 Afton Rd, Afton, TN 37616-5702
      View Details

    Similar Nearby for Sale

    • $225,000
      11.12 Acres

      Scenic Land with River Frontage

      East Tennessee land with Nolichucky River frontage, ideal for retreat.
      4 River Village Ln, Afton, TN 37616
      View Details
    • $189,000
      5.85 Acres

      Afton, TN Scenic Acreage

      Scenic acreage in Afton, TN with river and mountain views.
      1 River Village Ln, Afton, TN 37616
      View Details
    • $574,900
      71.40 Acres

      Afton, TN Hunting Paradise

      71.4 acres in Greene County, TN, hunter's paradise.
      Smith Town Rd, Afton, TN 37616
      View Details
    • $225,000
      9.16 Acres

      Scenic Land with River Frontage

      East Tennessee land with Nolichucky River frontage, ideal for retreat.
      2 River Village Ln, Afton, TN 37616
      View Details
    • $879,900
      108.50 Acres

      Afton, TN Farm Land

      108.5 acre farm in Greene County, Tennessee.
      1520 Brittontown Rd, Afton, TN 37616
      View Details
    • $75,000
      3.41 Acres

      Afton Land with Mountain View

      3.41 acres with level frontage and mountain views.
      875 Frank Roberts Rd, Afton, TN 37616
      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.
    8051 Kingsport Hwy
    Afton, TN 37616-4525
    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

    Thank You for Inquiry
    8051 Kingsport Hwy, Afton, TN, 37616
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!