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Property profile & analytics
OFF-MARKET Estimated value $525,000
Office Spaces

840 Hwy 321st N Lenoir City, TN 37771-6440

3,002 SF 0.55 ac lot Built 1978
Individually Owned 6-yr Hold ~ Est. High Equity
Property ID
US80-1975375
Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1978
Total area 3,002 SF
Lot 0.55 ac (23,958 SF)
Zoning code C-3
APN 053015 17600
UPID US80-1975375
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Carriage Hill Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$505k
Comparable Approach Comparable
$494k
Blend (final) Blend
$525k
Owner & transaction history
Michael T Henderson · 6 yrs held
Michael T Henderson
since 2020
Last sale
$550,000
5 recorded transactions
2025
Price N/A
2020
$550,000
1997
$294,000
1993
$168,000
1993
$168,000
Zoning & alternative use
C-3 · Lenoir City, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

408. C-3, Highway Commercial District. The C-3, Highway Commercial District is established to p rovide for g eneral commercial activity along major collectors and arterial highways. The regulations are designed to encourage the proper development of commercial areas in such a manner as to d iscourage the p roblems no rmally associated with strip commercial d…

Zone name Highway Commercial District
General category COMMERCIAL
Zone area 1,852.31 ac
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