808 Carolina Dr Greeneville, TN 37743-6124
704. R-3 (Medium Density) Residential. It is the intent of this district to establish medium density residential areas which will provide for single and multi-family units and maintain open areas. In order to achieve the intent of the R -3 (Medium Density) Residential District, as shown on the Zoning Map of the Town of Greeneville, Tennessee, the following u…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R3 · Greeneville, TN704. R-3 (Medium Density) Residential. It is the intent of this district to establish medium density residential areas which will provide for single and multi-family units and maintain open areas. In order to achieve the intent of the R -3 (Medium Density) Residential District, as shown on the Zoning Map of the Town of Greeneville, Tennessee, the following uses are permitted: 704.1. Any use permitted in the R-2 (Low Density) Residential area. 704.2. Day care centers upon approval of a site plan by the Building Official and the issuance of a letter of approval by the Department of Human Services. 704.3 Life-care facilities (REVISED 5/19/99) 705A. R-4 (High Density) Residential. It is the intent of this district to provide areas for high density residential development plus open areas where similar development is likely to occur. Professional services are permitted in the district provided that they meet applicable standards and are limited so as not to encourage gen eral business activity. In order to achieve the intent of the R-4 (High density) Residential District, as shown on the Zoning Map of the Town of Greeneville, Tennessee, the following uses are permitted: 705A.1.Any use permitted in the R-3 Residential District; 705A.2Medical clinics and hospitals, funeral homes, fraternal organizations and clubs not operated for profit, nursing homes, offices for doctors, lawyers, dentists, architect, real estate agencies, insurance agencies and similar uses provided that: 705A.2.1 They shall be located on arterial or collector streets; 705A.2.2 The buildings shall be placed not less than fifty (50) feet from all property lines; 705A.2.3 There is a planted buffer strip erected on side and rear property lines. 705A.3Existing buildings may be utilized provided that the provisions of this ordinance are met as closely as possible and that: 705A.3.1. No parking shall be allowed in front yards; 705A.3.2. A site plan is reviewed and approved by the Town Planner. 705A.4. Publicly supported low-income housing for the elderly shall be allowed and exempt from the density of use and off-street parking requirements of this ordinance provided that: 705A.4.1 A site plan is reviewed and approved by the planning commission; 705A.4.2 All buildings shall meet front, side, and rear yard requirements; 705A.4.3 The site shall be located on arterial or collector streets; 705A.4.4 The site shall be separated from abutting properties by a plant or fence buffer strip as determined by the building official;
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.