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Vision Church 300 E Main St 5,000 SF Office Building Decherd, TN 37324 $375,000 ($75/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- 4000sqft commercial and 1000 sqft residential space
EXECUTIVE SUMMARY
Great opportunity to own a cash flowing asset. This listing is for both 300 E Main St Decherd, TN (tax ID 056O E026.00) and 302 E Main St Decherd, TN (tax ID 056O E 026.01). Property is currently leased with Vision Church.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$36,000
|
$7.20
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$36,000
|
$7.20
|
| Taxes |
$1,300
|
$0.26
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$1,300
|
$0.26
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $36,000 |
| Annual Per SF | $7.20 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $36,000 |
| Annual Per SF | $7.20 |
| Taxes | |
|---|---|
| Annual | $1,300 |
| Annual Per SF | $0.26 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $1,300 |
| Annual Per SF | $0.26 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
5,000 SF
Building Class
C
Year Built/Renovated
1900/2020
Price
$375,000
Price Per SF
$75
Cap Rate
8%
NOI
$30,000
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
2,500 SF
Building FAR
1.35
Lot Size
0.09 AC
Zoning
C
Parking
1 Spaces (0.2 Spaces per 1,000 SF Leased)
1 1
PROPERTY TAXES
| Parcel Number | 056O-E-026.00 | Total Assessment | $41,920 |
| Land Assessment | $1,560 | Annual Taxes | $1,300 ($0.26/SF) |
| Improvements Assessment | $40,360 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
056O-E-026.00
Land Assessment
$1,560
Improvements Assessment
$40,360
Total Assessment
$41,920
Annual Taxes
$1,300 ($0.26/SF)
Tax Year
2024
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VIDEOS
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MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
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Vision Church | 300 E Main St
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