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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 | $424,800 |
| Land Assessment | $67,280 | Annual Taxes | $9,328 ($0.47/SF) |
| Improvements Assessment | $357,520 | Tax Year | 2024 |
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
1 of 11
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Presented by
Little River Realty
508 Ruritan Rd
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