2047 Watts BarSpring City, TN 37381

  • Retail properties
  • 4,260 SF
Off market
$4,909,120 Estimated

Property Details for 2047 Watts Bar

Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.49 AC
Property size (Sq ft)
4,260 SF
Property type
Retail properties
Property subtype
Retail space
APN
043 07502
APU
4307502

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,324,483
    6.5%
    $1,222,599
    7%
    $1,135,271
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,748,656
    Geo Method
    $2,094,008
  • Alternative Use

    Use
    Valuation
    Residential
    $1,031,308
    Hospitality
    $944,673
    Educational
    $785,957
    Medical
    $812,987
    Retail
    $1,222,599
2047 Watts Bar, Spring City, Tennessee

Location Insight

City
Spring City
County
Rhea
State
Tennessee
Latitude
35.6459
Longitude
-84.8548
CBSA code
19420
CBSA name
DAYTON, TN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
-
$13,600
$58,880
$72,480
-
$34,000
$147,200
$181,200

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