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

    918 Buttermilk Rd Blountville, TN 37617-5627

    • Commercial real estate
    • 2.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-2296334
    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

    • Superior Mulch LLC / Agricultural Supply / Garden Center

    Property Details for 918 Buttermilk Rd

    Lot size
    2.00 lot acres
    Zone code
    A-1
    Property type
    Commercial real estate
    APN
    082078 04022 001
    APU
    8207804022001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Blountville
    County
    Sullivan
    State
    Tennessee
    Longitude
    -82.4549
    Latitude
    36.5111
    CBSA code
    28700
    CBSA name
    KINGSPORT-BRISTOL-BRISTOL, TN-VA 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
    $12,960
    $400
    $13,360
    -
    $32,400
    $1,000
    $33,400

    Comparable in this City

    • Value Estimation by Request
      22.47 Acres

      Hwy-126

      Land • 22.47 Acres
      0 Hwy-126, Blountville, TN 37617
      View Details
    • Value Estimation by Request
      0.49 Acres

      Buffalo Rd

      COMMERCIAL (GENERAL) • 0.49 Acres
      Buffalo Rd, Blountville, TN 37617
      View Details
    • Value Estimation by Request
      5.00 Acres

      312 Cave Hl Rd

      COMMERCIAL (GENERAL) • 5.00 Acres
      312 Cave Hl Rd, Blountville, TN 37617-6231
      View Details
    • Value Estimation by Request
      0.87 Acres

      5135 Hwy 126

      COMMERCIAL (GENERAL) • 0.87 Acres
      5135 Hwy 126, Blountville, TN 37617
      View Details
    • Value Estimation by Request
      58.00 Acres

      Hwy 126

      COMMERCIAL (GENERAL) • 58.00 Acres
      Hwy 126, Blountville, TN 37617
      View Details
    • Value Estimation by Request
      1.50 Acres

      160 Lawson Dr

      COMMERCIAL (GENERAL) • 1.50 Acres
      160 Lawson Dr, Blountville, TN 37617-6839
      View Details

    Similar Nearby for Sale

    • $190,000
      11.30 Acres

      Highway 75 Commercial Land

      11.3 Acres, $190,000
      2020 Tn-75, Blountville, TN 37617
      View Details
    • $456,500
      5.44 Acres

      I-81 & Airport Pkwy Land

      5.44 Acres, Highway Commercial Land
      0 Millennium Dr, Kingsport, TN 37617
      View Details
    • Contact for pricing
      160.00 Acres

      Blountville Aviation Land Development

      160-Acre Aerospace Park near Tri-Cities Airport
      100 Cargo Center Dr, Blountville, TN 37617
      View Details
    • $1,800,000
      22.47 Acres

      I-81 Blountville Development Land

      22.47 acres, prime I-81 visibility.
      0 Hwy-126, Blountville, TN 37617
      View Details
    • $305,000
      1,520 SF

      Tri-Cities Condo with Golf Views

      End-unit condo with pond and golf course views.
      115 Eagle View Private Dr, Blountville, TN 37617
      View Details
    • $44,400
      0.50 Acres

      Residential Land with Mountain Views

      Residential lot with utilities, mountain views, and pasture surroundings.
      337 Johnson Cemetery Rd, Blountville, TN 37617
      View Details

    Similar Nearby for Lease

    • $800 /Mo
      950 SF

      Blountville Commercial Unit For Rent

      950 SF commercial unit in established strip mall.
      3446 Highway 126, Blountville, TN 37617
      View Details
    • $1,000,000
      287,496 SF

      Blountville Commercial Property For Rent

      6.6 acre commercial site near I-81, ideal for storage.
      354 Shadowtown Rd, Blountville, TN 37617
      View Details
    • $30,000
      287,496 SF

      6.6 Acre Commercial Site Lease

      6.6 acre commercial site for lease in Blountville, Tennessee.
      354 Shadowtown Rd, Blountville, TN 37617
      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.
    918 Buttermilk Rd
    Blountville, TN 37617-5627
    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.