Share This Listing

Message

964 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

508 Ruritan Rd 20,000 SF Retail Building Harriman, TN 37748 $1,200,000 ($60/SF) 8.73% Cap Rate

Save this listing!

Favorite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • Owner to install new roof with 20 yr warranty

EXECUTIVE SUMMARY

Cash offers are being accepted.

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL ANNUAL PER SF
Gross Rental Income $122,722 $6.14
Other Income - -
Vacancy Loss - -
Effective Gross Income $122,722 $6.14
Taxes $9,328 $0.47
Operating Expenses $8,682 $0.43
Total Expenses $18,010 $0.90
Net Operating Income $104,712 $5.24

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual $122,722
Annual Per SF $6.14
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $122,722
Annual Per SF $6.14
Taxes
Annual $9,328
Annual Per SF $0.47
Operating Expenses
Annual $8,682
Annual Per SF $0.43
Total Expenses
Annual $18,010
Annual Per SF $0.90
Net Operating Income
Annual $104,712
Annual Per SF $5.24

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Supermarket
Building Size
20,000 SF
Building Class
C
Year Built
1991
Price
$1,200,000
Price Per SF
$60
Cap Rate
8.73%
NOI
$104,712
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.23
Lot Size
2.00 AC
Zoning
C - Commercial
Parking
60 Spaces (3 Spaces per 1,000 SF Leased)
Frontage
148’ on Ruritan Rd

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • UGO
  • -
  • -
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
UGO - - - -

NEARBY MAJOR RETAILERS

Food City
Anytime Fitness

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
036G-E-001.00
Land Assessment
$67,280
Improvements Assessment
$357,520
Total Assessment
$424,800
Annual Taxes
$9,328 ($0.47/SF)
Tax Year
2024
  • Listing ID: 36027515

  • Date on Market: 5/29/2025

  • Last Updated:

  • Address: 508 Ruritan Rd, Harriman, TN 37748

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}