Hwy 11th E Bulls Gap, TN 37711
602. Medium Density Residential District (R-2). It is the intent of this district to provide areas for single and multi-family dwellings, to encourage dev elopment and continued use of the land for residential purposes, to prohibit business and industrial uses; and other uses which would interfere with development or continuation of single or multi-family dw…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
R-2 · Bulls Gap, TN602. Medium Density Residential District (R-2). It is the intent of this district to provide areas for single and multi-family dwellings, to encourage dev elopment and continued use of the land for residential purposes, to prohibit business and industrial uses; and other uses which would interfere with development or continuation of single or multi-family dwellings. In order to achieve the intent of the Medium Density Residential District (R-2), a s shown on the Zoning Map of the Town of Bulls Gap, Tennessee, the following uses are permitted: 602.1. Any use permitted in the R-1 Residential Di strict. -25- 602.2. Multiple family dwellings. 602.3. Funeral homes, offices for doctors, lawyers, dentists, architects, real estate agencies and insurance agencies provided that: 602.31. They shall be located on designated arter ial or collector streets. 602.32. The building shall be placed not less than fifty (50) feet from all property lines. 602.33. There is a planted buffer strip on the si de and rear property lines. 603. High Density Residential District (R-3). It is the intent of this district to provide areas for single and multi-family dwellings, to encourage dev elopment and continued use of the land for residential purposes, to prohibit business and industrial uses; and other uses which would interfere with development or continuation of single or multi-family dwellings. In order to achieve the intent of the High Density Residential District (R-3), as shown on the Zoning Map of the Town of Bulls Gap, Tennessee, the following uses are permitted: 603.1. Any use permitted in the R-1 or R-2 Residen tial Districts. 603.2. Mobile homes and mobile home parks, provide d they meet requirements of all applicable town codes and ordinances. 604. Central Business District (B-1). It is the int ent of this district to establish an area for concentrated business development that the general public requires. The requirements are designed to protect the essential characteristics of the district by promotion of business and public uses which serve the general public and to discourage industrial and wholesale development which do not lend themselves to pedestrian traffic. In order to maint ain and enhance the unique aesthetic characteristics of the community and achieve the intent of the Central Business District (B-1), site plans shall be required for all new construction.
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.