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508 Ruritan Rd 20,000 SF Retail Building Harriman, TN 37748 $1,200,000 ($60/SF) 8.73% Cap Rate
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
Property Taxes
| Parcel Number | 036G-E-001.00 | Total Assessment | $489,920 (2025) |
| Land Assessment | $47,200 (2025) | Annual Taxes | $9,328 ($0.47/SF) |
| Improvements Assessment | $442,720 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
036G-E-001.00
Land Assessment
$47,200 (2025)
Improvements Assessment
$442,720 (2025)
Total Assessment
$489,920 (2025)
Annual Taxes
$9,328 ($0.47/SF)
Tax Year
2024
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Presented by
Little River Realty
508 Ruritan Rd
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