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    920 Churchview St New Market, TN 37820
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    920 Churchview St New Market, TN 37820

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    • Churches & religious facilities
    • 4,348 SF
    For Sale
    $265,000
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    Historic Building with Stained Glass For Sale
    $265,000
    4,348 SF

    Historic Building with Stained Glass

    Historic building in New Market, TN, with versatile potential.

    920 Churchview St, New Market, TN 37820
    View Listing
    Property ID
    US80-0699479
    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

    • Loy Memorial Methodist Church Historical Museum / History Museum / Local History Museum
    • New Market Music Hall / Music Venue / Bar & Pub

    Property Details for 920 Churchview St

    Year built
    1909
    Property size
    4,348 SF
    Property type
    Churches & religious facilities
    Property subtype
    Mixed-use properties

    Description

    Historic Building for Sale in New Market, TN Explore the charm and endless possibilities with this historic building located in the heart of New Market, TN. With its rich history and prime East Tennessee location, this property offers a unique opportunity for a variety of uses. Property Highlights: - Prime Location: Situated in New Market, this property boasts a great East Tennessee location, just a short drive to many popular destinations, making it ideal for both local and regional access. - Historic Charm: Originally used as a church building, this property exudes character and history, with beautiful stained glass windows that add a touch of elegance and authenticity. - Spacious Layout: Offering over 4,300 SqFt of space, including a mostly finished basement, this building provides ample room for a variety of uses. Whether you're looking to continue its use as a place of worship, convert it into a unique business space, or even explore residential possibilities, the options are endless. - Investment Potential: With its versatile layout and prime location, this property could be converted into a great investment opportunity. Consider transforming it into a community center, event venue, or even charming rental units. - Additional Storage: A separate storage building is included, providing additional space for your needs. This historic building in New Market, TN, is a rare find that combines historical significance with modern potential. Don't miss out on the opportunity to own a piece of East Tennessee history in a location that's as convenient as it is charming. Contact us today to schedule a viewing and explore the many possibilities this unique property has to offer!

    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
    New Market
    County
    Jefferson
    State
    Tennessee
    Longitude
    -83.5520229
    Latitude
    36.1009107

    Comparable in this City

    • $265,000

      Historic Building in New Market

      Historic building with over 4,300 SqFt in East Tennessee.
      920 Churchview St, New Market, TN 37820
      View Details
    • $1,907,200
      47.68 Acres

      47.68 Acres Corner Lot Land

      47.68 acres corner lot with road frontage in New Market.
      W Andrew Johnson Hwy, New Market, TN 37820
      View Details
    • Contact for pricing

      Commercial Land with Highway Frontage

      5.31 acres of commercial land with high visibility.
      W Highway 11E E, New Market, TN 37820
      View Details
    • New
      $325,000
      23.95 Acres

      Jefferson County Land Opportunity

      23+ acre tract ideal for homesite or hunting refuge.
      17 Pleasant View Cemetery Rd, New Market, TN 37820
      View Details
    • $587,500
      29.38 Acres

      29.38 Acres of Farmland

      Undeveloped farm with pasture, woodland, pond, and mountain views.
      Bales Rd, New Market, TN 37820
      View Details
    • $599,000
      26.69 Acres

      New Market Farm Land

      26.69 acre farm centrally located in New Market, Tennessee.
      370 Doane Rd, New Market, TN 37820
      View Details

    Similar Nearby for Sale

    • $265,000

      Historic Building in New Market

      Historic building with over 4,300 SqFt in East Tennessee.
      920 Churchview St, New Market, TN 37820
      View Details
    • $1,907,200
      47.68 Acres

      47.68 Acres Corner Lot Land

      47.68 acres corner lot with road frontage in New Market.
      W Andrew Johnson Hwy, New Market, TN 37820
      View Details
    • Contact for pricing

      Commercial Land with Highway Frontage

      5.31 acres of commercial land with high visibility.
      W Highway 11E E, New Market, TN 37820
      View Details
    • New
      $325,000
      23.95 Acres

      Jefferson County Land Opportunity

      23+ acre tract ideal for homesite or hunting refuge.
      17 Pleasant View Cemetery Rd, New Market, TN 37820
      View Details
    • $587,500
      29.38 Acres

      29.38 Acres of Farmland

      Undeveloped farm with pasture, woodland, pond, and mountain views.
      Bales Rd, New Market, TN 37820
      View Details
    • $599,000
      26.69 Acres

      New Market Farm Land

      26.69 acre farm centrally located in New Market, Tennessee.
      370 Doane Rd, New Market, TN 37820
      View Details
    View Listing
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    New Market, TN 37820
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    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
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