8380 Hwy 64Somerville, TN 38060
- Turn key restaurants
- 7,802 SF
Off market
$20,037,600 Estimated
Property Details for 8380 Hwy 64
- Year built
- 1974
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 2.00 AC
- Property size (Sq ft)
- 7,802 SF
- Zone code
- B2
- Property type
- Turn key restaurants
- APN
- 024087 03301
- APU
- 2408703301
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,296,380
- 6.5%
- $1,196,660
- 7%
- $1,111,180
-
Comparable approach
- Method
- Valuation
- Relative Method
- $632,574
- Geo Method
- $632,574
-
Alternative Use
- Use
- Valuation
- Industrial / Distribution
- $2,344,880
- Mixed-Use / Specialty
- $1,187,830
- Hospitality / Lodging
- $865,540
- Office
- $1,176,030
- Institutional / Educational
- $1,233,240
- Residential Income
- $1,442,890
- Multifamily
- $1,755,800
- Automotive / Energy
- $1,057,060
- Parking / Income-Based Land
- $369,284
- Restaurant / Food Service
- $608,071
- Healthcare / Senior Housing
- $1,222,780
Location Insight
- City
- Somerville
- County
- Fayette
- State
- Tennessee
- Latitude
- 35.2292
- Longitude
- -89.4946
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN 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
-
$96,000
$119,720
$215,720
-
$240,000
$299,300
$539,300
Comparable in this City
Similar Nearby for Sale
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